Latest Web3 Finance and Compliance Reports
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[PROPELLER INDUSTRIES] The Statement of Digital Assets (SoDA)
In the past, crypto assets were treated as indefinite-lived intangible assets, subject only to impairment and not marked to market. However, with the issuance of FASB ASU 2023-08,…
4 min read
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[standard chartered] Stablecoins: The first killer app
Stablecoins are digital assets designed to maintain a stable value relative to fiat currencies or other assets. Initially, they were primarily used for trading, lending, and other activities…
4 min read
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[ONCHAIN ACCOUNTING] 2024 ULTIMATE CRYPTO ACCOUNTING GUIDE
The diverse range of businesses and individuals in the crypto space, including exchanges, miners, investment funds, VCs, and others, underscores the growing importance of specialized crypto accounting services.…
4 min read
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[BEOSIN] ANALYSIS OF THE BITFOREX INCIDENT
On February 23, 2024, ZachXBT reported an outflow of approximately $56.5 million from BitForex’s hot wallets. The platform subsequently suspended withdrawal services, and its CEO had resigned a…
4 min read
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[The Network Firm] The Power of Proof of Reserves: Exchanges, Stablecoins, & ETFs
In the evolving landscape of cryptocurrency and digital assets, trust remains a cornerstone of adoption and growth. The concept of Proof of Reserves (PoR), born in the aftermath…
4 min read
