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Category: FINANCE

Posted on 03/10/2021

Bitcoin And Ethereum Are Braced For A Massive October Bombshell After The Crypto Market Price Suddenly Surged

Bitcoin and cryptocurrency prices have stormed into October after a dire September. Don't miss: What (or who) is driving the crypto market in 2021 and beyond? Tune in to Forbes ’ free Crypto Codex ... ( read original story ...)

Posted on 03/10/2021

‘Fat finger’ $24m charge exposes fragility in crypto market

A small crypto asset trading platform called DeversiFi received a shock last week when it erroneously paid out a $24m fee. A glitch in some little-tested software code left the London-based exchange ... ( read original story ...)

Posted on 03/10/2021

Japan’s ruling party’s new leader to take office as prime minister, launch new gov’t

The newly elected leader of Japan's ruling Liberal Democratic Party (LDP), Fumio Kishida, will take office as the Japanese prime minister on Monday and launch his new government, aiming to promote ... ( read original story ...)

Posted on 03/10/2021

Japan’s Kishida to take office as prime minister, form Cabinet Monday

Fumio Kishida, the new leader of Japan's ruling Liberal Democratic Party, will take office as prime minister on Oct. 4 and form his Cabinet, tasked with keeping COVID-19 under control while reviving a ... ( read original story ...)

Posted on 03/10/2021

Bitcoin Launch Sparks Wave of Crypto Speculation in El Salvador

Bitcoin has unleashed a wave of speculation in El Salvador since its adoption as legal tender last month. Uber drivers, waiters and store owners are day-trading the cryptocurrency on their phones, ... ( read original story ...)

Posted on 03/10/2021

SoftBank To Offload INR 1,328.5 Cr Worth Shares In OYO’s IPO

Long-time investor and the largest shareholder in the hospitality unicorn OYO, SoftBank will offload part of its stake in its proposed initial public offering (IPO). SoftBank’s ... ( read original story ...)

Posted on 02/10/2021

Washington takes aim at the booming crypto industry

A report on stablecoins, now circulating among top officials, will kick off a Biden administration bid to bring federal oversight to digital assets. ( read original story ...)

Posted on 02/10/2021

A 24-year old Gen Zer that became a crypto millionaire this year when he sold his fund talks about why he’s betting big on avalanche

Rahul Rai, who became a millionaire when he sold his crypto fund this year, believes the avalanche blockchain could be number one. ( read original story ...)

Posted on 02/10/2021

SoftBank to sell stakes in OYO worth over $175 mn: OYO IPO filings

Japanese conglomerate SoftBank will sell its stake in OYO worth $175 million, the startup said in an IPO filing. Besides SoftBank, Southeast Asian ride-hailing firm Grab, China Lodging Holdings and ... ( read original story ...)

Posted on 02/10/2021

Next Japan PM Kishida intends to dissolve lower house Oct. 14 for election

Prospective Japanese prime minister Fumio Kishida intends to dissolve the House of Representatives on Oct. 14 for a general election in November, a source familiar with the plan says. ( read original story ...)

Posted on 02/10/2021

Big manufacturer sentiment improves for 5th straight qtr in Sept.: Bank of Japan

Business confidence among major Japanese manufacturers improved for a fifth straight quarter as the economy emerges from the COVID-19 ... ( read original story ...)

Posted on 02/10/2021

Central bank report highlights risk in the race to digital currencies

Three new reports from the Bank of International Settlements and seven different central banks find that while a groundbreaking innovation to monetary policy, CBDCs pose many opportunities and ... ( read original story ...)

Posted on 02/10/2021

OYO warns of delay in turning profitable; IPO-bound startup’s key strengths & weaknesses

OYO Rooms' filing of preliminary papers comes close on the heels of Zomato's public offer in July, which saw strong interest from investors. ( read original story ...)

Posted on 02/10/2021

Crypto Company Accidentally Gives Users $90 Million, Politely Asks for It Back

If someone accidentally deposited millions of dollars into your bank account, what are the chances you would just return it? What if the person that sent it to you asked really nicely? ( read original story ...)

Posted on 02/10/2021

$89 million in crypto was mistakenly sent out to users of a decentralized finance platform, and now its CEO is asking users to voluntarily send it back

A glitch in a software update for the cryptocurrency-lending platform Compound caused too much "COMP" to be sent to users - $89 million worth. ( read original story ...)

Posted on 02/10/2021

Suzuki to be Japan finance chief; Motegi to stay as foreign minister

Fumio Kishida, set to take office as Japan's prime minister next week, plans to appoint senior ruling party lawmaker Shunichi Suzuki as finance minister and retain Toshimitsu Motegi as foreign ... ( read original story ...)

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