FASB

Highlights: FASB is planning to review new guidance for crypto asset transfers in financial reporting. The board weighs expanding 2023 standards or creating fresh rules. Companies are seeking clearer reporting to reduce confusion around digital asset movements. The US Financial […]

Highlights: Tesla’s Bitcoin holdings rose by $600 million in Q4 after a new accounting rule allowed market price adjustments. Despite gains, Tesla’s Q4 earnings missed Wall Street estimates with $25.71B in revenue. Other firms like Semler Scientific follow MicroStrategy’s lead […]

Highlights: The new update requires companies to measure crypto assets at fair value to reflect real market changes.   Companies have to disclose key crypto holdings and any restrictions for better transparency.   The update is expected to boost institutional crypto adoption […]