"FTX International and Alameda were both legitimately and independently profitable businesses in 2021, each making billions." ...
DCG’s crypto broker Genesis owes creditors more than $3bn
Crypto broker Genesis owes creditors more than $3bn, prompting its owner Digital Currency Group to explore selling assets in its large venture portfolio to raise money, according to people familiar ...
Further pain ahead for crypto but bitcoin has been resilient, VC Bill Tai says
Bill Tai, a veteran in the cryptocurrency industry, says there's potential for bitcoin to fall as low as $12,000 before bouncing back. A bull run could be a year away as the fallout from collapses ...
The DOJ is investigating whether 2 crypto developer brothers used 11 fake identities to triple-count deposits, report says
The Macalinao brothers of Saber Labs reportedly crafted 11 fake identites to triple-count crypto desposits to create a fake De-Fi ecosystem, per CoinDesk.
Aave CEO addresses crypto’s liquidity issues
Stani Kulechov, CEO of liquidity protocol Aave, discusses his outlook for crypto in 2023. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more CNBC ...
Japan’s Winter Energy Crunch Marks Return to Nuclear Power
Japan’s worsening energy supply shortage is seeing nuclear power play a greater role in the country’s energy needs.
Japan’s Nikkei ends flat ahead of U.S. inflation test
Japan's benchmark Nikkei stock index ended essentially flat Thursday, amid caution ahead of U.S. inflation data and on speculation that the Bank of Japan may review the side effects of its ultra-loose ...
Bitcoin regains $18,000 as FTX recovers $5B in liquid assets
Crypto traders are watching Thursday's CPI print, with hopes that any cooling down on the inflation front could help restore a desire for riskier assets. Read more here.
Coinbase to Shutter Bulk of Operations in Japan
Coinbase Japan announced it is scaling back amid a fresh round of mass layoffs. A small team will remain to steward customer assets.
Saudi wealth fund joins $930m pre-IPO bet on Korean anime giant
Saudi Arabia has been beefing up investment and business ties with Korean companies, becoming a major shareholder of NCSoft Corp as well as Tokyo-listed Nexon Co ...
Japan Logs Current Account Surplus For 1St Time In 8 Months In Nov 2022
Japan posted a current account surplus of 1.8 trillion yen ($13 billion) in November 2022, marking the first surplus register ...
Japan’s central bank raises views of 4 regional economies as activities pick up
Japan's central bank said in its quarterly report that many of the country's regional economies are "picking up" or "picking up moderately," although soaring inflation could take its toll looking ...
Bank of Japan more upbeat on regional Japan, wage prospects
THE Bank of Japan (BOJ) on Thursday (Jan 12) offered a more optimistic view on the country’s economic health, and pointed to a growing number of firms planning wage increases, underscoring its ...
Japan’s Nikkei flat before U.S. CPI test; banks rally on BOJ speculation
Japan's Nikkei share average ended little changed on Thursday, on caution ahead of key U.S. inflation data, with banking stocks rallying amid speculation about a Bank of Japan (BOJ) stimulus tweak ...
EU frets over crypto rules after FTX blow-up
Rulemakers question whether upcoming regulations will be enough to protect the bloc from future corporate implosions ...
Wall Street’s top cop trains his sights on crypto
In late 2021, the Brooklyn-born son of Jamaican immigrants became the first black person to be sworn in as the US attorney for the Southern District of New York, the storied branch of American justice ...