This week, we’re taking a look at Jesse Powell’s decision to step down as Kraken chief executive. The crypto industry isn’t as young as its supporters would have you believe. It’s been busy growing up ...
Pentagon launches effort to assess crypto’s threat to national security
DARPA, the Pentagon's tech hub, is kicking off a sweeping review of the national security and law enforcement threats posed by the rise of cryptocurrency.
World Insights: Why Japan’s central bank sticks to ultralow rate policy
Japan's central bank has reaffirmed its commitment to its current ultra-loose monetary policy, in sharp contrast to recent interest rate hikes announced by central banks of some developed economies.
Bank of Japan’s stubbornness keeps yen volatile
The Bank of Japan is sticking with its ultra-loose monetary policy after the U.S. Federal Reserve implemented another 0.75% rate hike, defying predictions — and bond market bets — that central bank ...
Naomi Osaka ousted by American Danielle Collins in first round of US Open
Naomi Osaka still can’t get her Grand Slam act together. She got a rough draw in facing late-blooming American Danielle Collins and the players slugged it out in magnificent fashion. Naomi Osaka ...
SoftBank cuts valuation of IPO-bound Oyo by 20% to $2.7 bn: Report
We are confident that the speculations about valuation markdown are patently incorrect,' an OYO spokesperson said in a statement ...
Are U.S. Crypto Regulators Staking Out Territory Via Enforcement Actions?
As regulatory enforcement actions unfold between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), the latter just subtly claimed Ethereum (ETH) and DAI ...
Oyo says ‘no rational basis for a markdown’ after SoftBank slashes valuation ahead of planned IPO
Oyo recently filed fresh papers with the capital markets regulator SEBI for it IPO. The online hotel aggregator posted revenue from operations of Rs 1,459.3 crore in first quarter of FY23 and loss for ...
SoftBank Puts IPO-bound OYO in a tough spot: Slashes valuation to just $2.7 billion
However, Oyo’s plans for its IPO are still in flux and could change depending on ... Agarwal over the years and encouraged him to expand rapidly in markets like Japan, the US and elsewhere. Little did ...
Crypto Price Check: Bitcoin Edges Higher After Fed Action
Cryptocurrency prices were edging higher one day after the Federal Reserve delivered its third major rate hike in succession. Bitcoin was up slightly to $19,040 at last check on Sept. 22, according to ...
Binance CEO Says Bear Market Is ‘Healthy’ for Crypto
Binance CEO Changpeng Zhao has warned that the crypto winter is far from over, but that's not stopping his belief that the bear market is healthy.
Nasdaq Enters Crypto Business With Focus On Security
Nasdaq is taking its first steps into crypto services with an emphasis on security, entering the business with a custody product for bitcoin and ether aimed at institutional investors. “We feel that ...
How Crypto Currency Became A Part Of Gambling Industry
Characteristics defining blockchain Blockchain has the following characteristics that make it ideal for processing transactions: Decentralization — everyone has access to the system’s data, making it ...
Japan to let individual tourists enter visa-free from 11 October: Nikkei
"We will remove the cap on the number of people entering the country, and will resume accepting individual travel and visa-free travel," Kishida said. Currently, Japan requires visas for all visitors ...
Crypto market crashes towards yearly lows after interest rate hike
Cryptocurrency market loses nearly $100 billion in value over the last seven days despite Ethereum Merge success ...
Inside crypto’s house of cards
Welcome to crypto’s house of cards. A mysterious figure named Satoshi Nakamoto sends 10 “bitcoins” to the cryptographer Hal Finney, and a world is unleashed. Nakamoto — who had previously written a ...