Articles for tag: accounting standards, Bitcoin, Cryptocurrencies, FASB, Japan, Monex Group, Web3

December 16, 2024

New Bitcoin Fair Value Accounting Rules Launch, Opening Doors for Corporate Reserve Adoption and Financial Transparency

Japan is moving forward in its Web3 journey with significant developments in cryptocurrency accounting. The Financial Accounting Standards Board (FASB) has introduced a Fair Value accounting rule for crypto, effective December 15, 2024. This new standard mandates that companies measure their cryptocurrency holdings at fair value, updating these valuations each reporting period. This change will ...

December 9, 2024

Market News

Crypto

Weekly Crypto Inflow Reaches $3.85 Billion as Bitcoin, Ethereum, and XRP Lead the Market Surge

Japan’s Web3 transformation is gaining momentum, significantly influenced by Monex Group’s efforts in the crypto ecosystem. Recently, crypto investment products recorded an impressive $3.85 billion in weekly inflows, pushing year-to-date totals to $41 billion. Bitcoin continues to dominate, with $2.5 billion attributed to its inflows, while Ethereum also made strides, attracting $1.2 billion, marking its ...

December 6, 2024

Market News

Crypto

XRP Expands Corporate Treasury Holdings Through Strategic Investments in Worksport and BC Bud Co

Japan’s Web3 transformation is gaining momentum, especially with companies like Monex Group driving the crypto ecosystem forward. Recently, XRP’s impressive 300% surge in value has attracted institutional interest, with firms like Worksport and The BC Bud Co. planning significant investments in this digital asset. Worksport announced a $5 million allocation to Bitcoin and XRP, aiming ...

November 13, 2024

Market News

Nvidia’s strategic push for sovereign AI clouds gains momentum, transforming nations like India and Japan into AI powerhouses.

Nvidia is pushing for “sovereign AI,” encouraging countries to develop their own AI capabilities and infrastructure to gain control over this crucial technology. CEO Jensen Huang recently emphasized the importance of local AI production during his visit to India, where Nvidia partnered with major companies to enhance AI use in the economy. At the AI ...

October 28, 2024

Market News

Business

Yen Falls Further as Japanese Stocks Rise Amid Political Shift

The yen fell by 1% today, while Japanese stocks saw a rise. This shift comes as investors consider the impact of the Liberal Democratic Party and its coalition partner losing their majority.

September 15, 2024

Market News

Business

India’s shipbuilding industry sees a potential boost as Japan and South Korea express interest in investments and collaboration.

Union Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal, announced that Japan and South Korea are interested in investing in India’s shipbuilding industry. This could lead to direct investments, joint ventures, and technology sharing, enhancing India’s capabilities in this sector. To further develop shipbuilding, the ministry plans to create multiple clusters with the help of ...

May 13, 2024

Market News

Technology

New Assassin’s Creed game set in feudal Japan revealed after years of secrecy

Get ready to embark on a thrilling new adventure as the highly anticipated Assassin’s Creed game set in feudal Japan finally unveils itself from the shadows. Embrace the beauty and danger of this ancient era as you navigate through captivating landscapes and engage in heart-pounding action sequences. Stay tuned for more updates on this exciting ...