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A changing reporting landscape at the intersection of accounting and cryptocurrency

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A changing reporting landscape at the intersection of accounting and cryptocurrency


Credit: Pixabay/CC0 Public Domain

Cryptocurrency continues to reshape the financial landscape. As cryptocurrency moves from niche to mainstream, companies are grappling with how to account for these volatile digital assets. New research from Scheller College of Business accounting professor Robbie Moon, and his co-authors Chelsea M. Anderson, Vivian W. Fang, and Jonathan E. Shipman, sheds light on how U.S. public companies have navigated crypto holdings and accounting practices over the past decade.

ASU 2023-08, the Financial Accounting Standards Board’s (FASB) newly enacted rule, aims to bring clarity and consistency to crypto asset reporting with the mandate for fair value reporting. Moon’s research, which examined a comprehensive set of companies from 2013 to 2022, looks at the exponential rise in corporate crypto investments and the diverse, and often inconsistent, ways firms have reported them.

In “Accounting for Cryptocurrencies,” Moon and his co-authors work to better understand this pivotal point in financial reporting with research that dives into why firms hold crypto—whether for mining, payment acceptance, or investment—and how reporting practices have evolved to meet this current moment. The work is published in the Journal of Accounting Research.

Keep reading to learn more about Moon’s research and why it matters right now.

Why do companies hold cryptocurrencies, and how has this changed over time?

Companies hold cryptocurrency for three main reasons: they mine it, they accept it as payment, or they consider it an investment. Early on, most businesses kept crypto because customers used it to pay for goods and services. Around 2017, that trend declined, and more companies began mining crypto themselves. Today, mining accounts for about half of corporate crypto holdings, while payment acceptance and investment make up the rest.

What were the main challenges companies face when trying to report cryptocurrency holdings in their financial statements?

Until the end of 2023, there were no official rules on how companies should report cryptocurrency on their . Back in 2018, the Big Four accounting firms (Deloitte, PwC, EY, and KPMG) stepped in with guidance, suggesting that crypto be treated like intangible assets, similar to things like patents or trademarks. This is known as the impairment model.

What is the difference between the ‘fair value model’ and the ‘impairment model’ for accounting crypto assets, and why does it matter?

The two accounting methods differ in how they handle changes in crypto value. The fair value model updates the value of a company’s crypto to match current market prices every reporting period. If the price goes up or down, the change shows up on the company’s income statement as a gain or loss.

The impairment model only lets companies record losses when the value drops below what they paid. If the price goes up, they can’t record the increase.

The difference in the two approaches can best be seen when crypto prices rise. Under the impairment model, companies’ balance sheets understate the true value of the crypto since the gains cannot be recorded. The fair value model allows companies to adjust the balance sheet value of crypto as market prices change.

What factors led ASU 2023–08 to favor fair value reporting?

When the FASB was trying to decide if they should add crypto accounting to their standard setting agenda, they reached out to the public for feedback. The response was overwhelming and most practitioners and firms called for the use of the fair value model.

How do big accounting firms, like Deloitte or PwC, influence how companies report their crypto holdings?

When there aren’t official rules for complex issues like crypto , the Big Four firms often step in to guide companies. In 2018, they recommended using the impairment model, which they viewed as most appropriate based on existing standards. After that, most companies switched from fair value reporting to the impairment approach.

Their guidance in 2018 was based on what was allowed under the standards at that time. With the new rule in place, the firms will likely help clients manage the transition.

Does using fair value accounting for crypto make a company’s stock price more volatile or its earnings reports more useful to investors?

The primary downside of using a fair value model for a risky asset like crypto is how volatility affects earnings. Moon’s research suggests that stock price volatility increases for firms using the fair value model, and it doesn’t appear the model makes earnings more useful for investors. That said, the results should be viewed cautiously because the study’s sample largely consisted of smaller companies.

Why does this research matter right now?

This research matters because more companies are investing in cryptocurrency. That trend is only expected to grow. This research looks at how businesses handled before official rules came out in 2023, showing that many treated it like traditional investments. This provides a baseline against which future research can evaluate the new rule.

The research also warns that the fair value approach could make stock prices more volatile without necessarily making earnings reports more useful for investors.

More information:
Chelsea M. Anderson et al, Accounting for Cryptocurrencies*, Journal of Accounting Research (2025). DOI: 10.1111/1475-679x.70018

Citation:
A changing reporting landscape at the intersection of accounting and cryptocurrency (2025, November 17)
retrieved 17 November 2025
from https://techxplore.com/news/2025-11-landscape-intersection-accounting-cryptocurrency.html

This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.





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Plasma-based method creates efficient, low-cost catalysts for metal–air batteries

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Plasma-based method creates efficient, low-cost catalysts for metal–air batteries


In this study, researchers developed a straightforward plasma-based process to produce a composite of carbon and cobalt-tin hydroxide. Under the right synthesis conditions, the resulting material exhibits exceptional properties for metal–air batteries, paving the way to more sustainable and efficient energy storage for transportation. Credit: Professor Takahiro Ishizaki / Shibaura Institute of Technology, Japan pubs.rsc.org/en/content/articlelanding/2025/se/d5se00370a

Due to the intense global impact of fossil fuel overuse on air quality and climate, the search for advanced clean energy solutions has become critical. Metal–air batteries offer a game-changing alternative, holding the potential to replace combustion engines in various applications.

By electrochemically converting oxygen from the air into power, these batteries achieve theoretical energy densities up to twelve times higher than lithium-ion cells, delivering unprecedented efficiency with zero operational emissions.

Challenges facing metal–air battery adoption

Despite their theoretical advantages, metal–air batteries have yet to achieve widespread commercial viability due to several critical obstacles. Current high-performance catalysts primarily depend on expensive precious metals, such as platinum and ruthenium, rendering them economically unfeasible for mass production and large-scale deployment.

Furthermore, most existing are monofunctional, efficiently driving only one of the two essential electrochemical processes—the (ORR) or the (OER)—but not both.

Compounding these issues, the complex, multi-step synthesis processes required for these catalysts inflate manufacturing costs and severely restrict scalability.

Innovative research tackles catalyst limitations

Against this backdrop, a research team led by Professor Takahiro Ishizaki from the College of Engineering at Shibaura Institute of Technology, Japan, and Assistant Professor Sangwoo Chae from Nagoya University, Japan, has been working hard to find appropriate solutions to these issues.

In their latest study, published in Sustainable Energy & Fuels, they report a revolutionary single-step method for creating highly effective bifunctional catalysts using abundant, low-cost materials.

The researchers utilized the recently pioneered solution plasma process (SPP) for the synthesis, successfully creating cobalt-tin hydroxide (CoSn(OH)6) composites anchored to various carbon supports. This is a critical distinction from conventional catalyst synthesis: unlike traditional, multi-step methods that require surfactants and extensive post-processing, SPP enables rapid, single-step synthesis at room temperature under ambient atmospheric conditions.

This plasma-based approach not only confers unique surface properties that significantly boost but also dramatically slashes manufacturing complexity and production costs.

The research team systematically produced catalysts with varied compositions and carbon structures, rigorously testing their bifunctional performance in both the oxygen reduction (ORR) and oxygen evolution (OER) reactions—the two pivotal processes determining overall battery efficiency.

Their best-performing catalyst, combining CoSn(OH)6 with Ketjen Black carbon, achieved remarkable results. For oxygen evolution, it outperformed the industry-standard ruthenium oxide catalyst, requiring lower voltages to achieve the same current densities. In oxygen reduction, it exhibited performance comparable to much more expensive platinum-based catalysts while relying solely on abundant materials.

Moreover, this new catalyst proved to be quite durable, as Prof. Ishizaki says, “Our advanced CoSn(OH)6–Ketjen Black composite exhibited exceptional long-term stability, maintaining its superior oxygen evolution performance for over 12 hours without degradation, a crucial factor for real-world battery applications.”

Notably, the catalyst’s ability to efficiently catalyze both required reactions represents a significant advancement in the field. The researchers measured a potential gap of just 0.835 V between the two reactions, thus enabling highly efficient energy conversion. This dual functionality eliminates the need for separate catalysts, further reducing system complexity and costs.

Detailed analysis confirms that the superior catalytic performance stems from powerful synergistic interactions between the (CoSn(OH)6) nanoparticles and the carbon support.

The researchers discovered that the SPP synthesis process is key: it ensures a uniform distribution of active nanoparticles across the carbon surface, which maximizes the exposure of catalytic sites while simultaneously guaranteeing excellent electrical conductivity.

Furthermore, the method offers precise control over particle size and crucial surface properties, allowing for systematic optimization of catalytic activity.

“This breakthrough holds profound potential to customize and manufacture high-performance, durable, and low-cost bifunctional electrocatalysts for critical energy conversion systems,” highlights Prof. Ishizaki. “It offers a truly sustainable material alternative to commercially used precious metal-based catalysts.”

Implications for energy storage and industry

The implications of this work are far-reaching, promising a revolution across the energy sector. Metal–air batteries powered by these newly developed catalysts could fundamentally transform for electric vehicles, offering a significantly longer range and faster charging capabilities while simultaneously reducing overall costs.

Furthermore, the technology holds immense potential for grid-scale energy storage, which is crucial for the efficient integration of intermittent renewable sources like solar and wind power into electrical networks. The proposed single-step synthesis method offers equally profound industrial advantages.

By eliminating complex, multi-step processing and reliance on expensive raw materials, manufacturers can produce these high-performing catalysts at a fraction of the current cost. Moreover, the ability to synthesize these materials under ambient conditions drastically reduces energy consumption and compared to conventional high-temperature, high-pressure methods currently used in battery and catalyst production.

Overall, this research represents a crucial and transformative step toward achieving economically viable clean energy storage on a global scale, poised to significantly accelerate the essential transition away from fossil fuels in the transportation and energy sectors.

More information:
Sangwoo Chae et al, Single-step solution plasma synthesis of bifunctional CoSn(OH)6–carbon composite electrocatalysts for oxygen evolution and oxygen reduction reactions, Sustainable Energy & Fuels (2025). DOI: 10.1039/d5se00370a

Citation:
Plasma-based method creates efficient, low-cost catalysts for metal–air batteries (2025, November 17)
retrieved 17 November 2025
from https://techxplore.com/news/2025-11-plasma-based-method-efficient-catalysts.html

This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.





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Our Favorite Compact Soundbar Is $100 Off

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Our Favorite Compact Soundbar Is 0 Off


If your current TV speakers aren’t impressing you, the easiest way to upgrade your movie night is with a sound bar. Our favorite compact option, where you might have limited space or a smaller room, is the Bose Smart Soundbar. It’s currently marked down to $400 at retailers like Amazon and Best Buy, a discount of at least $100. It’s easy to use, small enough to squeeze into tight spots, and still has all the features you’d come to expect from a soundbar.

Photograph: Ryan Waniata

Despite the tiny footprint, the Bose Smart Soundbar is capable of surprisingly expansive sound, which our reviewer Ryan Waniata calls out in particular, even if you’re just watching sports. Without a dedicated subwoofer, it lacks some punch in the bass department, but is still impressive, with surprising clarity, especially considering how little space it takes up. Because it sports Bluetooth, you can even use it as a dedicated speaker for music, a role it handles quite well.

The Smart Soundbar comes with a variety of intelligent features designed to enhance your viewing experience. We called out the AI Dialogue mode in particular, and were impressed by its ability to help speech stand out, without distorting the other background audio and music. If you often find yourself rewinding or asking what a character said, this soundbar is worth looking into for this feature on its own.

It also has another neat trick Bose calls Personal Surround. By pairing the soundbar with a set of the Bose Ultra Open Earbuds, you can incorporate them into your surround setup. The open earbuds still let you hear the soundbar, creating an immersive mix that’s made even more potent by Dolby Atmos support.

If you have the extra space, you may still want to consider one of our other favorite soundbars, which can take advantage of that room to add a dedicated subwoofer, or more drivers. For anyone just looking to upgrade their living room’s audio setup, the Bose Smart Soundbar is an excellent pick that doesn’t take up any extra space, and still sounds surprisingly good.



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A Collision with Space Debris Leaves 3 Chinese Astronauts Stranded in Orbit

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A Collision with Space Debris Leaves 3 Chinese Astronauts Stranded in Orbit


Wrapping up 204 days in orbit, three Chinese astronauts flew back to Earth aboard a Shenzhou spacecraft Friday, leaving three crewmates behind on the Tiangong space station with a busted lifeboat.

Commander Chen Dong, concluding his third trip to space, and rookie crewmates Chen Zhongrui and Wang Jie touched down inside their spacecraft at the Dongfeng landing zone at 1:29 am EST (06:29 UTC) Friday. The parachute-assisted landing occurred in the mid-afternoon at the return zone, located in the remote Gobi Desert of northwestern China.

Chinese space officials upended operations on the country’s Tiangong space lab last week after astronauts found damage to one of two Shenzhou return capsules docked at the station. The China Manned Space Agency, run by the country’s military, announced changes to the space station’s flight plan November 4, the day before three crew members were supposed to depart and fly home.

Chen and his crewmates were preparing to board the Shenzhou 20 spacecraft for the ride back to Earth a few days after the arrival of three replacement crew members on the newly launched Shenzhou 21 capsule. Shenzhou 20 is the same spacecraft that launched Chen’s crew in April.

But a little more than a week ago, Chinese officials said the Shenzhou 20 spacecraft was “suspected of being impacted by small space debris” and confirmed the return trip would be postponed. Officials provided no additional details.

China’s human spaceflight agency released a cryptic statement earlier this week saying preparations were underway for the crew’s undocking and landing, but the circumstances of the return remained opaque until hours before the astronauts’ homecoming. Finally, officials confirmed the details of the return to Earth late Thursday.

“Based on preliminary analysis of photographs, design review, simulation analysis, and wind tunnel tests, a comprehensive assessment determined that the Shenzhou 20 manned spacecraft’s return capsule window glass had developed a minor crack, most likely caused by an external impact from space debris,” the China Manned Space Agency wrote on Weibo, the Chinese social media platform. “This does not meet the release conditions for a safe manned return.”

Chen Dong, commander of the Shenzhou 20 mission, arrives at the Dongfeng landing site in the Gobi Desert, Inner Mongolia, China, after landing on November 14, 2025.

Photograph: STR/Getty Images

Swapping Spacecraft in Low-Earth Orbit

With their original spacecraft deemed unsafe, Chen and his crewmates instead rode back to Earth on the newer Shenzhou 21 craft that launched and arrived at the Tiangong station October 31. The three astronauts who launched on Shenzhou 21—Zhang Lu, Wu Fei, and Zhang Hongzhang—remain aboard the nearly 100-metric ton space station with only the damaged Shenzhou 20 craft available to bring them home.

China’s line of Shenzhou spaceships not only provide transportation to and from low-Earth orbit, they also serve as lifeboats to evacuate astronauts from the Chinese space station in the event of an in-flight emergency, such as major failures or a medical crisis. They serve the same role as Russian Soyuz and SpaceX Crew Dragon vehicles flying to and from the International Space Station.

Another Shenzhou spacecraft, Shenzhou 22, “will be launched at a later date,” the China Manned Space Agency said in a statement. Shenzhou 20 will remain in orbit to “continue relevant experiments.” The Tiangong lab is designed to support crews of six for only short periods, with longer stays of three astronauts.



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