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 15, 2024

Market News

Crypto

Reversion to Altcoin Dynamics: Unveiling Trends and Opportunities in Cryptocurrency Market Shifts

Bitcoin’s recent surge to new highs has revitalized the cryptocurrency Market, pushing its total Market cap to $1.49 trillion. Historically, Bitcoin often leads the way for altcoins, and this trend seems to be repeating itself. As investors increasingly turn to altcoins for greater profit potential, traditional altcoin projects are trying to regain footing after a ...

December 6, 2024

Market News

Crypto

Analysts Expect Bitcoin to Surpass $100k Amid Red Flags: Unlocking Potential Growth for Investors

Bitcoin’s recent surge past the $100,000 mark has sparked debate among analysts regarding the Market‘s future. While some signals, like a low MVRV Z-Score and stable BTC Market dominance, suggest potential price increases, other indicators point to caution. A report by Glassnode highlights that over 90% of Bitcoin’s supply is currently profitable, indicating a high ...

December 3, 2024

Market News

Crypto

Bitcoin’s Path to $100K: Short-Term Holder Demand and Insights from Bitfinex

Bitcoin is on a path that could lead it to $100,000, contingent on the demand from short-term holders balancing profit-taking by long-term holders. After a notable decline, Bitcoin closed November at nearly $96,506, showing a 37.3% gain for the month. As December approaches, historical trends suggest that Bitcoin typically performs well during halving years, but ...