Alex Harutunian

Crypto assets are a new and complicated category for accountants. Clear accounting and reporting guidelines are one of the signs of a mature industry. Currently, it is difficult to call US GAAP and IFRS guidance on crypto-assets comprehensive, but the work is ongoing.

Multi-chain lending protocol Hundred Finance has been hacked. The hacker drained the protocol by manipulating the loan-to-collateral security mechanism.

The popular Japanese game publisher Square Enix is joining forces with Elixir Games for Web3 gaming. By partnering they hope to connect Web2 and Web3 gaming.

In the courts of different countries, the opinion on whether the tokens of the Terra ecosystem are securities differs. At the same time, Do Kwon is trying to clear himself of the SEC charges.

Several months after launching its Web3 community platform .Swoosh, Nike releases its first batch of NFT digital sneakers on the platform.

On April 26, the Cross-Chain Transfer Protocol from Circle was launched. The new protocol allows moving USDC between Ethereum and Avalanche.

The Bitrue cryptocurrency exchange had one of its hot wallets compromised. About $23 million was lost as a result.

The leading information provider about the crypto market, Kaiko, released the report "The Binance Effect" on March 20. The report describes in detail how the exchange's actions affect the growth of the TrueUSD stablecoin and why the TUSD-BTC trading pair has become the most popular.