Author: Wei Xiang
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Future Finance: Cryptocurrency Accounting and AI Integration
📘 Cryptocurrency Accounting 101: An introduction to blockchain technology, Bitcoin (BTC), Ethereum (ETH), Stablecoins, and how cryptocurrencies appear on balance sheets. 💻 Introduction to Cryptocurrency Software: Revolutionize your cryptocurrency accounting work with a journaler. 🤖 AI Accounting Solution: Use AI to reduce cumbersome accounting work. 👥 Group Partners Introduction:1. 🏢 Launch Factor Pte. Ltd.: Incorporation,… Read more
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SFA REGTECH MEMBER SPITCH BOOK
Financial institutions, corporates and regulatory bodies seek efficient solutions to cope with the increasingly complex regulatory landscape. The SFA community has played a crucial role in driving the growth and adoption of RegTech solutions as the members of our community bring deep domain expertise and a comprehensive understanding of regulatory requirements. Below are the member… Read more
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[McKinsey & Company] 🌊 From ripples to waves: The transformational power of tokenizing assets
![[McKinsey & Company] 🌊 From ripples to waves: The transformational power of tokenizing assets](https://web3accountant.online/wp-content/uploads/2024/07/McKinsey__Company-Logo.wine-1.png)
Tokenized financial assets are moving from pilot to at-scale deployment. Adoption is not yet widespread, but financial institutions with blockchain capabilities in place will have a strategic advantage. 🚀 Tokenization is progressing at a gradual pace, with acceleration expected as network effects gain momentum. 🔍 This expects the most prominent frontrunners will include cash and… Read more
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💰Understanding Crypto Staking to Enhance Company Financials
📘 Crypto Staking 101: Staking is a way of earning rewards while holding onto certain cryptocurrencies similar to interest for bank balances or dividends for shares. Only cryptocurrencies that use the Proof of Stake (POS) model can be staked such as ETH, SOL, etc. 🌟 Benefits of Crypto Staking: Earn passive income and Investment Diversification ⚠️ Risks of… Read more
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📌 [CryptoCFOs] Important Highlights of the Final IRS Regulation for Digital Asset Brokers
![📌 [CryptoCFOs] Important Highlights of the Final IRS Regulation for Digital Asset Brokers](https://web3accountant.online/wp-content/uploads/2024/07/下载-31.jpg)
📝 Reporting Requirements for Digital Asset Brokers: Custodial brokers must report digital asset disposition to sellers and the U.S. Internal Revenue Service (IRS) using Form 1099-DA. 📜 Definition and Inclusion of Non-Custodial Actors: The IRS intends to issue further regulations for non-custodial actors, such as decentralized finance (DeFi) platforms. 💵 Stablecoin Reporting Requirements: Qualifying stablecoin… Read more
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[BINANCE] Road to One Billion On-chain Users
![[BINANCE] Road to One Billion On-chain Users](https://web3accountant.online/wp-content/uploads/2024/08/下载.png)
The adoption rate of blockchain networks is significantly slower than that of social media networks. Since the launch of Bitcoin in 2009, the number of cryptocurrency users has reached approximately 560 million as of today. In contrast, TikTok and Facebook each reached 1 billion users in just 5 and 8 years, respectively. Decentralized systems are… Read more
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[HACKEN] Web3 Security Report | 2024 Q2
![[HACKEN] Web3 Security Report | 2024 Q2](https://web3accountant.online/wp-content/uploads/2024/07/images-1.png)
📉 Reduction in Hacks: Q2 2024 saw a significant decrease in the number of crypto hacks compared to Q1, indicating a potentially positive trend in security. 📈 Increase in Financial Losses: Despite fewer hacks, the total amount of funds lost in Q2 2024 nearly matched the total losses for all of 2023, suggesting that the… Read more
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7 Qualities of a Highly Successful Web3 Chief Financial Officer (CFO)
https://www.aemledger.com/post/7-qualities-of-a-highly-successful-web3-chief-financial-officer-cfo Read more
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[WEF] 🌟 Top 10 Emerging Technologies in 2024
![[WEF] 🌟 Top 10 Emerging Technologies in 2024](https://web3accountant.online/wp-content/uploads/2024/07/下载-13.png)
1. 🤖 Artificial Intelligence for Scientific Discovery: Opening new frontiers of knowledge2. 🔒 Privacy-Enhanced Technology: Enabling massive global collaboration3. 🪞 Reconfigurable Smart Surfaces: Transform wireless connectivity with smart mirrors4. ☁️ High Altitude Platform on the Stratosphere5. 🌐 Integrated Sensing and Communication: Building next-generation networks with digital awareness6. 🏗️ Immersive Building Technology Instruction and Maintenance7. 🔥… Read more
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Singapore National Asset Recovery Strategy
Money Laundering Risk in Singapore: As an international financial centre, criminals will take advantage of Singapore’s economic openness to launder illicit funds in its ecosystem. 🎯 Objectives of Asset Recovery in Singapore:1. 🚫 Depriving criminals of their illegal gains2. 🛡️ Reduce criminal harms caused to society3. ⚖️ Provide recourse to victims of crime 📊 Singapore… Read more