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Category: FINANCE

Posted on 26/10/2023

Nikkei drops over 2% in morning on tech selling

The Nikkei stock index dropped over 2 percent Thursday morning, as investors sold technology stocks following declines in their U.S. counterparts in the wake of disappointing earnings results.

Posted on 26/10/2023

Crypto Lender Genesis Prepares to Liquidate Without Deal With Parent Company

Crypto lender Genesis Global is pursuing a chapter 11 liquidation plan that abandons a previous settlement proposal to restructure the $1.7 billion in loans it extended to its parent company Digital Currency Group.

Posted on 26/10/2023

Nikkei May Fall on Renewed Concerns About Energy, Borrowing Costs

Japanese stocks may fall as concerns resurface about higher costs of energy and borrowing amid the conflict in the Middle East.

Posted on 26/10/2023

Bitcoin prices have doubled this year and potentially new ways to invest may drive prices higher

Bitcoin is having another moment. The world's largest cryptocurrency soared to almost $35,000 this week, marking its highest point in nearly 18 months — and more than double the price seen at the ...

Posted on 26/10/2023

Bitcoin Soars as Global Markets Navigate Uncertainties

In the ever-volatile world of finance, where fortunes can be made or lost in the blink of an eye, the recent surge in Bitcoin has captured the collective attention of investors worldwide. The ...

Posted on 26/10/2023

How Japan Is Leading the Race to Regulate Stablecoins

Most major countries have yet to regulate stablecoins. One exception is Japan, a trailblazer in this area.A stablecoin law took effect in the world’s third-largest economy in June. Japan’s example is ...

Posted on 26/10/2023

New, $80 billion IRS tax filing system still challenges crypto investors

Even with more money from the Inflation Reduction Act and a new direct file system, taxpayers will struggle with crypto filings.

Posted on 26/10/2023

Crypto’s Darkest Hour, and the Bright Day Ahead

Perhaps you haven’t noticed but crypto has become a laughingstock in respectable traditional finance, or TradFi, circles. We have transitioned

Posted on 26/10/2023

Japanese yen sinks to weakest level against the dollar in a year as key BoJ meeting looms

The U.S. dollar touched its highest level against the Japanese yen in a year on Wednesday as rising Treasury yields helped push the greenback higher.

Posted on 26/10/2023

How Pretti5 founder Dorothy Chau traded finance for skincare

A traditional Chinese medicine prescription inspired the Hong Kong entrepreneur to turn old recipes into topical products ...

Posted on 26/10/2023

Japan Weighs $10B Subsidy for Taiwan Semiconductor (NYSE:TSM) and Rapidus

Japan is looking to offer 1.49 trillion yen ($10 billion) in subsidies for Taiwan Semiconductor Manufacturing (NYSE:TSM) and Rapidus, Bloomberg ...

Posted on 26/10/2023

Bitcoin’s “Trigger” Moment: A Million-Dollar Price Tag Still on the Table

suggests Bitcoin's potential to hit the million-dollar mark. He cites yield curve control (YCC) as a precursor, a phenomenon that's already manifesting in places like Japan. In his concluding remarks, ...

Posted on 26/10/2023

Personal mobility devices take center stage in Tokyo

"You move it by shifting your core, so if you're able to do that, you can use this. We've made it so that regardless of whether you have a disability or not, everyone can take a ride." Rival Suzuki is ...

Posted on 26/10/2023

NFL crypto game generating ‘millions of dollars’ as Apple, Google endorse marketplace

The free-to-play game has attracted millions of players as the tech giants greenlight crypto trading within their apps.

Posted on 26/10/2023

Elon Musk slams crypto mogul Sam Bankman-Fried’s mom on social media

Musk suggested that the disgraced FTX founder learned to excuse his criminal behavior from his mom which "landed him in this pickle."

Posted on 26/10/2023

Japan’s 10-year yield hits new decade high on BOJ tweak speculation

Japan’s 10-year government bond yield touched a new decade-high on Wednesday on speculation that the Bank of Japan (BOJ) may raise its cap for the benchmark yield. The 10-year JGB yield rose to 0.865 ...

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