Author: Wei Xiang
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[ZachXBT] How did the Lazarus Group launder $200 million
![[ZachXBT] How did the Lazarus Group launder $200 million](https://web3accountant.online/wp-content/uploads/2024/08/下载1-3.jpg)
The Lazarus Group (linked to North Korea) laundered $200 million into fiat currency from more than 25 cryptocurrency hacks between 2020 and 2023. Early on, the threat group gained notoriety for cyberattacks such as the 2014 “SONY Pictures hack,” and in recent years has turned to the cryptocurrency industry. TRM and Chinalysis (Blockchain Data Analysis… Read more
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[Continuum] Risk Mitigation: Top 5 Financial Pitfalls for Tech Startups
![[Continuum] Risk Mitigation: Top 5 Financial Pitfalls for Tech Startups](https://web3accountant.online/wp-content/uploads/2024/08/Continuum-Logo-Primary-Reversed-BlueBG.png)
1. Underestimating Startup Costs Pitfall: Many tech startups underestimate the initial costs needed to get their business off the ground. This includes expenses related to technology development, marketing, staffing, and operational costs. 2. Cash Flow Management Challenges Pitfall: Even profitable tech startups can run into trouble if they don’t manage their cash flow effectively. Poor cash flow… Read more
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IRS updates draft version of Form 1099-DA, Digital Asset Proceeds From Broker Transactions
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[ESMA] Decentralised Finance: A categorisation of smart contracts
![[ESMA] Decentralised Finance: A categorisation of smart contracts](https://web3accountant.online/wp-content/uploads/2024/08/微信图片_20240825000429.png)
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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