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Author: Wei Xiang

  • [The CPA Journal] Auditing Cryptocurrency Companies

    [The CPA Journal] Auditing Cryptocurrency Companies

    Wei Xiang

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    Recent events in the cryptocurrency industry highlight the risks for investors and customers—as well as auditors. This article summarizes the international, U.S. GAAP, and PCAOB auditing standards and practices relevant to audits of crypto companies. To better understand the auditing environment for, and the riskiness of, cryptocurrency companies, the audit reports and financial statements of… Read more

  • [KoinX] What is A Wallet Address? An Essential Guide for Every Crypto User

    [KoinX] What is A Wallet Address? An Essential Guide for Every Crypto User

    Wei Xiang

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    Cryptocurrency transactions rely on wallet addresses, which serve as unique identifiers for sending and receiving digital assets. Much like an email address for financial transfers, a wallet address ensures that funds reach the correct recipient securely. Understanding how these addresses work is essential to avoid costly mistakes, such as sending funds to the wrong address,… Read more

  • [BEOSIN] INDONESIA ON-CHAIN FUND FLOW AND RISK ANALYSIS REPORT

    [BEOSIN] INDONESIA ON-CHAIN FUND FLOW AND RISK ANALYSIS REPORT

    Wei Xiang

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    Driven by the continuous rise in global crypto asset penetration and the explosive growth of the user base in Southeast Asia, Indonesia, with its youthful population structure and rapidly evolving digital financial infrastructure, is becoming a key growth hub in the Asia-Pacific crypto ecosystem. Overview of Indonesia’s Cryptocurrency Market: On-Chain Fund Flow and Risk Analysis:… Read more

  • [CoinGecko] State of Crypto Perpetuals

    [CoinGecko] State of Crypto Perpetuals

    Wei Xiang

    Explosive Growth in Trading Volume Record-High Open Interest (OI) Decentralized Perpetual Exchanges (DEXes) Growth CEX vs. DEX Market Share Bitcoin Dominates Trading Activity Bitcoin Funding Rate Trends Liquidation Trends & Major Events Yield Opportunities in Perpetual DEX LP Tokens Read more

  • [forvis mazars] Key Considerations for Protecting Crypto Assets

    [forvis mazars] Key Considerations for Protecting Crypto Assets

    Wei Xiang

    It is estimated that organizations lose 5% of revenue to fraud each year, with an average loss of $1.7 million dollars. Asset misappropriation, or the unauthorized use of an organization’s assets for personal gain, accounts for 89% of those cases. In almost every case, the existence of controls reduces the overall loss and duration of the fraudulent… Read more

  • Fair Hiring in Singapore Navigating the Fair Consideration Framework Like a Pro

    Fair Hiring in Singapore Navigating the Fair Consideration Framework Like a Pro

    Wei Xiang

    Understanding the Fair Consideration Framework (FCF) The Fair Consideration Framework (FCF) is a set of guidelines established by MOM to promote fair and merit-based hiring practices. The framework ensures that employers: Principles of Fair Employment Practices Five key principles that all employers in Singapore should adopt: Application of FCF to Employment Practices The FCF and… Read more

  • [HKMA] Distributed Ledger Technology in the Financial Sector: A Study on the Opportunities and Challenges

    [HKMA] Distributed Ledger Technology in the Financial Sector: A Study on the Opportunities and Challenges

    Wei Xiang

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    In recent years, the financial services industry has witnessed a significant transformation, driven by the emergence of innovative technologies that are redefining the way institutions operate, interact with customers, and manage risk. Among these technological advancements, Distributed Ledger Technology (DLT) has garnered significant attention for its potential to enhance transparency, efficiency, and security in financial… Read more

  • [Grant Thornton] 2025 Crypto Policy Outlook

    [Grant Thornton] 2025 Crypto Policy Outlook

    Wei Xiang

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    Under the second Trump administration, U.S. regulatory attitudes have fundamentally shifted toward supporting digital assets. That has created new momentum for legislation on cryptocurrencies, including stablecoins. President Trump signed an executive order declaring crypto a national priority and supporting “the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy.”… Read more

  • [Artemis] The State of Stablecoins 2025: Supply, Adoption & Market Trends​

    [Artemis] The State of Stablecoins 2025: Supply, Adoption & Market Trends​

    Wei Xiang

    Stablecoins have emerged as a critical component of digital financial infrastructure, serving as a bridge between traditional finance (TradFi) and the crypto economy. Their 1:1 peg to assets like the U.S. dollar or Euro provides a globally accessible store of value, facilitates efficient cross-border transactions, and enhances liquidity across digital asset markets. Stablecoins as Financial… Read more

  • [Deloitte] Corporates investing in crypto

    [Deloitte] Corporates investing in crypto

    Wei Xiang

    The document explores how corporations are increasingly allocating portions of their treasury to digital assets like Bitcoin. The terrain of digital assets is a new frontier of possibilities, so it could require that each corporate department, along with its external advisors, rethink the application of the rules and policies of their respective core competencies. It… Read more