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Month: January 2023

Posted on 06/01/2023

Earlyworks Kicks Off U.S. IPO Process

Earlyworks has filed for U.S. IPO. It is developing blockchain and distributed ledger technologies for various applications. Read more on ELWS IPO here.

Posted on 06/01/2023

Japan Minister Calls for New World Order to Counter Rise of Authoritarian Regimes

Japan's trade and industry minister said on Thursday post-Cold War free trade and economic inter-dependence had bolstered authoritarian regimes and urged the United States and other like-minded democracies to counter them with a "new world order. ( read original story ...)

Posted on 06/01/2023

A 467-lb. bluefin tuna sold for $270,000 at a Tokyo auction

A New York eatery is one of the places you could enjoy the prized and pricey fish — but it will cost you, of course ( read original story ...)

Posted on 06/01/2023

Why Crypto-Linked Stock Silvergate Capital Is Crashing Today

Silvergate Capital Corp (NYSE: SI) shares are plunging Thursday morning after the company announced select preliminary fourth-quarter financial metrics and provided a business update, which includes ...

Posted on 06/01/2023

Crypto losses in 2022 dropped 51% year on year to $4B

Immunefi’s Crypto Losses 2022 report found over $3.9 billion was 'lost' last year down 51.2% from 2021, when over $8 billion was stolen.

Posted on 06/01/2023

How The History Of Bank Runs Helps Us Understand The FTX Fiasco And Other 2022 Crypto Exchange Failures

To wrap your head around last year’s wave of crypto exchange failures, it’s useful to reflect on the history of banking crises and bank runs. The history shows both how this FTX calamity happened and ...

Posted on 06/01/2023

Celsius customers lose control of the $4.2 billion they deposited in accounts at the bankrupt crypto lender

Judge Martin Glenn said he "empathizes with the frustration account holders may feel if they didn't read or understand the specific terms of use." ...

Posted on 06/01/2023

The Challenge With Crypto Mixers, Tumblers and Blenders

The mixer conundrum is that they will lose privacy-needing users if they are compliant while getting a rap on the knuckle from the powers that be if they do not comply.

Posted on 06/01/2023

Web3 ecosystem lost $3.1 billion to crypto fraud in 2022

An Immunefi report finds that $3.1 billion in crypto was lost across the Web3 ecosystem in 2022 due to hacks and scams.

Posted on 06/01/2023

Silvergate shares tumble as crypto bank reveals $8.1bn fall in deposits

Clients pulled $8.1bn in deposits from Silvergate in late 2022, forcing the crypto-focused US bank to sell assets and underscoring how the implosion of FTX has rippled into the regulated financial ...

Posted on 06/01/2023

Silvergate Stock Crashes Nearly 50% As Bank Grapples With Crypto Crisis

Silvergate was one of the first banks to work with crypto clients, branding itself as the leading financial institution in the digital asset space. The company rod ...

Posted on 06/01/2023

Cowen downgrades Coinbase as crypto companies face elevated scrutiny after FTX implosion

It's time to take a pause on shares of Coinbase as the company faces potential scrutiny in the wake of FTX's blowup, Cowen said.

Posted on 06/01/2023

Japan’s Nikkei bounces on chip strength but policy angst caps gains

Japan's Nikkei share average rebounded from a three-month low on Thursday as chip-related stocks rallied in line with U.S. peers, but gains were capped as hawkishness from global central banks clouded ...

Posted on 06/01/2023

Asia-Pacific shares rise as investors digest private survey data on China services

Asia-Pacific markets are set to climb as investors shrug off the U.S. Federal Reserve's commitment to higher interest rates in tackling inflation.

Posted on 05/01/2023

Silvergate Raced to Cover $8.1 Billion in Withdrawals During Crypto Meltdown

The bank sold assets at a loss to cover withdrawals and cut 40% of its staff but remains committed to crypto.

Posted on 05/01/2023

SEC intervenes on Binance US bid to buy assets of bankrupt crypto lender

The Securities and Exchange Commission has intervened in a deal that would see Binance US buy the assets of a bankrupt crypto lender, in a sign of how US authorities are stepping up their scrutiny of ...

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