Crypto shrugs at US crackdown on illicit activity

An industry that over the past year has witnessed precipitous price falls, multiple bankruptcies and allegations of fraud would normally pay attention when the US accuses one of its companies of fueling a “high-tech axis of crypto crime”.

Factbox: Crypto’s string of bankruptcies

The lending unit of U.S. crypto firm Genesis filed for U.S. bankruptcy protection on Thursday, the latest company toppled by a market rout last year that wiped about $1.3 trillion off the value of crypto tokens.

Japan to lower COVID-19 to flu status, further easing rules

Japanese Prime Minister Fumio Kishida on Friday announced plans to downgrade the legal status of COVID-19 to the equivalent of seasonal influenza in the spring, a move that would further relax mask wearing and other preventive measures as the country seeks to return to normalcy. ( read original story ...)