Author: Wei Xiang
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[STM] State of the Tokenization Industry: 2024 🌐💼
![[STM] State of the Tokenization Industry: 2024 🌐💼](https://web3accountant.online/wp-content/uploads/2024/08/微信图片_20240825000104.png)
Since the industry’s inception in 2017, each year seemed like a fresh opportunity that could lead to the year of the security token. Now, 7 years later, 2024 has proven to be the year of the Real World Asset (RWA) 🏦. RWAs have expanded the definition to cover any physical asset that can be tokenized,… Read more
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[The Accountant Quits] Consolidation of Entities using Digital Assets
![[The Accountant Quits] Consolidation of Entities using Digital Assets](https://web3accountant.online/wp-content/uploads/2024/08/下载1-1.jpg)
In the dynamic world of cryptocurrency, companies often establish holding companies in tax havens and operate across multiple jurisdictions. When it comes to preparing consolidated financial statements, particularly for the first time, the process can be daunting for companies with digital assets on their balance sheets. This article will help you understand consolidation and cover… Read more
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[LTP] Ethereum Exchange Traded Funds (ETFs) Handbook 2024 📚💹
![[LTP] Ethereum Exchange Traded Funds (ETFs) Handbook 2024 📚💹](https://web3accountant.online/wp-content/uploads/2024/08/images1-1.jpg)
As the second-largest digital asset by market capitalization, Ethereum also received approval from the US Securities and Exchange Commission for an ETF issuance in May and was officially listed on the New York Stock Exchange and other trading platforms in July. Since July 23, a total of nine Ethereum ETFs have been listed for trading,… Read more
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[Deloitte] Beyond Payments: Digitalization Trends in the Cross-Border Checkout Revolution 🌐💳
![[Deloitte] Beyond Payments: Digitalization Trends in the Cross-Border Checkout Revolution 🌐💳](https://web3accountant.online/wp-content/uploads/2024/08/下载-11.png)
Trend One: The digital payment evolution: the rise of the cashless economy.Digital wallets have been the fastest-growing payment method, driven by policy support and consumer preference. The Asia Pacific region accounted for nearly two-thirds of the global spending at a combined US$9.8 trillion 💸, while boasting the highest digital wallet penetration rates among all regions. Trend… Read more
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[KPMG] The Asset Tokenization C-Suite Playbook
![[KPMG] The Asset Tokenization C-Suite Playbook](https://web3accountant.online/wp-content/uploads/2024/08/下载-3.png)
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🎮 Ronin One is Built for Game Developers, Integrated with AEM Journaler
Ronin is an EVM (Ethereum Virtual Machine) blockchain, specifically forged for gaming. Launched by Sky Mavis, the creator of Web3’s breakout title, Axie Infinity, which has generated over $1.3B in revenue, Ronin is the only blockchain proven to scale a single game to accommodate millions of daily active users and has processed over $4B in… Read more
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Web3 Accountant Global Crypto Tax Report 2024
2024 has been a landmark year with Bitcoin reaching an all-time high (ATH), attracting increased scrutiny from tax regulators worldwide. Equipped with advanced technology and substantial budgets, regulators are now more educated and prepared than ever before. From Dubai, Singapore, Hong Kong and Malta having tax incentives with no capital gain tax to the increase… Read more
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[WEB3 ACCOUNTANT] How do Public Listed Crypto Entities Account for Staking Revenue?
![[WEB3 ACCOUNTANT] How do Public Listed Crypto Entities Account for Staking Revenue?](https://web3accountant.online/wp-content/uploads/2024/08/cropped-Eng-Logo.jpeg)
Galaxy Digital Holdings LP is listed on the Toronto Stock Exchange (“TSX”) under the ticker “GLXY.” It is a technology-driven diversified financial services and investment management firm that provides institutions with a full suite of scaled financial solutions spanning the digital assets ecosystem. Accounting Policy: Revenue is measured at fair value of the digital asset at… Read more
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[TRM] BitClout Founder Charged With Defrauding Investors
![[TRM] BitClout Founder Charged With Defrauding Investors](https://web3accountant.online/wp-content/uploads/2024/08/下载-11-1.jpg)
This week, the U.S. Department of Justice and the FBI announced the arrest of Nader Al-Naji, the founder and promoter of BitClout tokens. Al-Naji has been charged with fraud for making false and misleading statements to BitClout purchasers and claiming not to control the use of investment funds. According to the criminal complaint filed by… Read more
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[Continuum] Why Cyber Insurance is Essential in an Increasingly Digital World
![[Continuum] Why Cyber Insurance is Essential in an Increasingly Digital World](https://web3accountant.online/wp-content/uploads/2024/08/Continuum-Logo-Primary-Reversed-BlueBG.png)
On Friday, July 19, 2024, a massive global technical failure highlighted the severe vulnerabilities of the interconnected digital environment. The incident was triggered by a software update from cybersecurity company CrowdStrike, leading to grounded flights, broadcast interruptions, and disruptions to essential services like healthcare and banking for millions of people. This event taught businesses of… Read more