That doesn't mean these MAUs were trading in violation of U.S. rules; they could've just been engaging in allowed behavior like checking crypto prices. But with VPNs, it's possible for Americans to circumvent geoblocks, a costly lesson exchange giant ...
The SEC’s Gary Gensler must refrain from doing more harm to crypto on his way out the door
The Securities and Exchange Commission's (SEC) campaign against the crypto industry has cost American companies more than $400 million in legal defense costs alone. That's enough to fund multiple startups or research initiatives that could have advanced U.
Crypto Investor Turned $33K into $12.2M in just 24 days
A Crypto investor analyzed the hype around the newly launched token ai16z, making $12.1M in profits in crypto trading.
Southeast Asia raises only US$3 bil in total IPO capital so far in 2024, lowest in nine years: Deloitte
In the first 10 and a half months this year, IPO capital markets in Southeast Asia saw 122 IPOs, a decline compared to 2023.
Elliott Reports Stake in Tokyo Gas as Activists Target Japan
Elliott Investment Management reported a major stake in Tokyo Gas Co. as activist investors increasingly seek to unlock hidden value in Japanese firms.
Bayer acquires rights to Cytokinetics’ heart drug in Japan
Bayer on Tuesday struck a collaboration deal with U.S. biotech firm Cytokinetics to acquire certain rights in Japan to an experimental heart drug, as the German group strengthens its cardiovascular ... ( read original story ...)
Activist investor Elliott takes stake in Tokyo Gas, filing shows
U.S. hedge fund Elliott Management Corp has taken a stake of 5.03% in Tokyo Gas , a regulatory filing showed on Tuesday. ( read original story ...)
Japan’s Norinchukin posts $3.1 bln Q2 loss after selling sovereign bond holdings
Japan's Norinchukin Bank posted on Tuesday a net loss of 481 billion yen ($3.11 billion) for the July-September quarter after selling part of its extensive sovereign bond portfolio. ( read original story ...)
Japan’s MOL and KEPCO ink agreement for liquefied hydrogen carrier study
Japan's Mitsui O.S.K. Lines and Kansai Electric Power Company have signed a memorandum of understanding (MoU) for the joint study of a liquefied hydrogen carrier, the companies said in a joint ... ( read original story ...)
Japan’s LDP Names Former Minister Yamagiwa as Chip Czar
Japan’s ruling party named Daishiro Yamagiwa as the new chairman of its group that promotes semiconductors, as it sets up a new mechanism to boost funding for the key industry.Yamagiwa, who formerly ... ( read original story ...)
Investors reload rate hike bets in Japan
Investors are betting a slide in the yen will force a hawkish shift at the Bank of Japan and are shorting bonds, buying bank shares and bracing for rates to rise as soon as next month. ( read original story ...)
Sony in Talks to Buy Japan Anime Firm Kadokawa, Reuters Says
Sony Group Corp. is in discussions to acquire Japanese content publisher Kadokawa Corp., Reuters reported, citing two unidentified people familiar with the matter. ( read original story ...)
Osaka man arrested over death threats sent to influencer in wheelchair
An Osaka resident in his 20s was arrested in August for allegedly threatening to kill an influencer in a wheelchair via social media, investi･･･ ... ( read original story ...)
Tokyo’s emergence as sex tourism capital, rise of Singapore’s opposition: 7 Asia highlights
We have selected seven stories from the SCMP’s coverage of Asia over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, ... ( read original story ...)
Japan, Singapore working together on runway safety plan after accident at Tokyo’s Haneda Airport
Their civil aviation agencies are also beefing up collaboration among parties that have an impact on runway safety, including airlines, airport operators, ground handlers and air navigation service ... ( read original story ...)
Japan and China Dumped US Treasuries Before Trump’s Election Win
Two of the world’s biggest foreign holders of US government debt offloaded a pile of Treasuries in the third quarter as they rallied before the presidential election.Most Read from BloombergNew York’s ...