One River Asset Management, a $2.5 billion firm whose cryptocurrency funds are backed by hedge fund titan Alan Howard, brought on former Securities and Exchange Commission Chairman Jay Clayton as an ... ( read original story ...)
Digital Currencies Jump as Visa Pilots Crypto Settlement
Bitcoin and other cryptocurrencies rose after Visa Inc. said its payments network will use a stablecoin backed by the U.S. dollar to settle transactions, as blockchain technology gains more acceptance ... ( read original story ...)
Influence of hacks on crypto coin exchange platforms
Technological advancements in the crypto/financial sector of the economy did not just appear on merit alone. Some ... ( read original story ...)
PwC Report: 2021 Crypto M&A to Grow After Reaching $1.1B in 2020
Professional consulting firm PwC found that cryptocurrency mergers and acquisitions (M&A) hit a new high of $1.1 billion in 2020. ( read original story ...)
Visa joins cryptocurrency market, now allows crypto transaction, but not bitcoin
The incorporation of crypto into its payment options followed Mastercard plans to accept bitcoin. Visa partnered with digital asset bank, Anchorage, to conduct its first transaction using Crypto.com ... ( read original story ...)
Visa Network Will Settle Transactions In Crypto, First Use Case USD Stablecoin
Visa will settle in crypto over Visa rails starting with the USD Coin. Visa’s Cuy Sheffield explains why this paves the way for central bank digital currencies. ( read original story ...)
Japan considers ending support for exporting coal-fired power plants
Prime Minister Yoshihide Suga could announce the move as early as at an April 22-23 virtual summit on climate change hosted by U.S. President Joe Biden, sources said. ( read original story ...)
Crypto M&A Set to Notch Record After Doubling in 2020, Says PwC
Deal activity in the cryptocurrency sector soared in 2020 and is likely to keep climbing this year, according to a report. The total value of mergers and acquisitions in crypto more than doubled last ... ( read original story ...)
Japan Vaccine Czar Says Inoculations Won’t Pick Up Until May
The fast pace of finance is right at your fingertips. BNN Bloomberg's morning newsletter will keep you updated on all daily program highlights of the day's top stories, as well as executive and ... ( read original story ...)
Japanese bank Nomura says it’s facing a loss of $2 billion as a hedge fund blow up roils markets
The losses may be tied to what the Wall Street Journal called an "unprecedented" $30 billion stock sell-off late last week. ( read original story ...)
Japan’s Nexon Says Invested $874 Million in Hasbro, Bandai Namco and Konami
Japanese gaming firm Nexon said on Monday it invested $874 million in 2020 in companies including Hasbro, Bandai Namco, Konami and Sega Sammy as part of a plan to take stakes in entertainment ... ( read original story ...)
Bank of Japan can heighten transparency by clarifying yield band: March summary
The Bank of Japan can heighten transparency and stabilise markets by clarifying the band at which it allows long-term interest rates to move around its 0% target, several views voiced by the board ... ( read original story ...)
Japan’s MUFG, Sumitomo face climate votes at AGMs as activism grows
Mitsubishi UFJ Financial Group, Japan' biggest bank, and Sumitomo Corp, one of the country's largest trading houses, are being targeted with climate resolutions from activist shareholders at their ... ( read original story ...)
New York, London Beat Asian Finance Hubs in Race to Vaccinate
The financial capitals hit hardest by Covid-19 are pulling ahead in the race to vaccinate their residents. London has outpaced global peers when measured by the percentage of residents inoculated with ... ( read original story ...)
Japan gov’t long-term debt to top $9.12 trillion
The outstanding long-term debt of the Japanese government is set to top 1,000 trillion yen ($9.12 trillion) at the end of March, acco ... ( read original story ...)
America’s Crypto A-List: The Leaders Building The Digital Future
People aren't asking "What is a Bitcoin?" anymore. They're asking, "How's my Bitcoin?" instead. A look at some Americans making that possible every day. ( read original story ...)