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Category: FINANCE

Posted on 08/05/2024

What should the Bank of Japan do with its huge stock portfolio?

The central bank has called time on its ETF buying but has yet to to say what it will do with its massive investments ...

Posted on 08/05/2024

Japan ready to respond to excessive FX volatility, says finance minister

TOKYO, May 8 (Reuters) - Japanese Finance Minister Shunichi Suzuki said on Wednesday authorities were ready to respond to excessively volatile moves in the exchange-rate market. "It's desirable for ...

Posted on 08/05/2024

Robinhood’s SEC battle asks if crypto is a security. The answer could change how we trade.

On Monday, Robinhood HOOD, +1.18% revealed that its crypto business received a Wells notice from the SEC. This notice follows a longer SEC investigation, and is meant to inform Robinhood that the agency has gathered evidence against potential infractions and give the company a chance to respond.

Posted on 08/05/2024

Crypto? AI? Internet co-creator Robert Kahn already did it… decades ago

Robert Kahn has been a consistent presence on the Internet since its creation — obviously, since he was its co-creator. But like many tech pioneers his resumé is longer than that and in fact his work prefigured such ostensibly modern ideas as AI agents ...

Posted on 08/05/2024

Revolut expands crypto push with UK trading platform

With over 40 million users, Revolut is one of the world’s largest fintech companies, and is positioning the exchange to compete with large crypto incumbents like Coinbase and Bi

Posted on 08/05/2024

Former NFL Star Rob Gronkowski to Pay $1.9M to Settle Crypto Investor Suit

May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now Former New England Patriots and Tampa Bay Buccaneers tight end Rob Gronkowski will pay $1.9 million to settle claims brought ...

Posted on 08/05/2024

Economic desperation drives 500,000 Argentinians to Sam Altman’s Worldcoin crypto project

Skyrocketing inflation and high unemployment have sent half a million people in Argentina to Worldcoin's Palantír-like Orbs. The company says the iris-scanning technology can establish an ...

Posted on 08/05/2024

SECs Gensler slams media for ‘outsized’ focus on crypto

U.S. Securities and Exchange Commission Chair Gary Gensler denied allegations that he is overly focused on the crypto industry in a Tuesday ...

Posted on 07/05/2024

Top Crypto Options Desk QCP Gets Abu Dhabi Regulatory Nod

QCP Capital, one of the largest options trading desks for digital assets, won initial approval to operate in Abu Dhabi, becoming the latest crypto firm to expand in the Middle East.

Posted on 07/05/2024

Bank of Japan to scrutinise yen moves in guiding policy: Governor Ueda

BANK of Japan governor Kazuo Ueda said on Tuesday (May 7) the central bank will scrutinise recent yen moves in guiding monetary policy as they could significantly affect the economy and prices. Read ...

Posted on 07/05/2024

US crypto super PACs have raised more than $100 million, report says

Outside political groups tied to the cryptocurrency industry have raised more than $102 million to spend on the upcoming U.S. congressional elections in order to elevate candidates who are friendly to ...

Posted on 07/05/2024

It Took Decades, but Japan’s Working Women Are Making Progress

Employers have taken steps to change a male-dominated workplace culture. But women still struggle to balance their careers with domestic obligations.

Posted on 07/05/2024

Japan Tells US That Biden’s ‘Xenophobia’ Comment Is Regrettable

TOKYO (Reuters) - Japan has described as "regrettable" U.S. President Joe Biden's comment that "xenophobia" is stifling the Asian nation's economic growth, the top government spokesperson said on ...

Posted on 07/05/2024

Many Banks in Japan Raise Deposit Rates after BOJ Action

"The importance of gathering deposits as resources of our business operations will increase further," Masahiro Kihara, president of Mizuho Financial Group Inc., one of Japan's top three banking groups ...

Posted on 07/05/2024

Japan warns of action over volatile currency, notes other nations too share the concerns

Japan is reluctant to intervene in the currency market considering its limited available dollar cash reserves and US Treasury Secretary Janet Yellen's comments that such moves were acceptable only in rare circumstances, said Hideo Kumano, chief economist at Dai-ichi Life Research Institute.

Posted on 07/05/2024

Japan may have spent US$23.59-billion in latest attempt to prop up yen: central bank data

On Wednesday, the yen was trading at around 157.55 per dollar when it suddenly spiked, strengthening as far as 153 over the following half-hour

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