A bankruptcy judge allowed the onetime crypto lender to return some of its customers’ deposits while forming a new company focused on mining and staking.
UPDATE 3-Struggling Rakuten gains $575 mln with sale of securities unit stake to Mizuho
Japan's Mizuho Financial Group will purchase shares worth $575 million in Rakuten Group's securities unit - a major boost for the e-commerce giant's battered finances, particularly as the unit's IPO has been delayed.
JPMorgan dismantles the bullish argument for bitcoin, calling the crypto rally overdone
Bitcoin spot ETFs outside of the US were met with limited interest from investors, JPMorgan said in a Wednesday note.
Lightspeed Faction launches $285M early-stage crypto fund
As the crypto market continues to slog through a fundraising winter, Lightspeed Faction, a blockchain-focused venture capital firm, is betting big on the Lightspeed Faction launches $285M early-stage
Advice for traditional investors who consider crypto: ‘tiptoe your way in’
Crypto is merging with traditional finance and it's time for investors of all types to allocate some of their portfolios accordingly.
Crypto Is Back: Buy These 2 Cryptos and 1 Stock Right Now
Finally, there's Coinbase ( COIN -0.84%), which is a play on a broad-based crypto recovery. The basic narrative here is that "crypto spring" will bring retail investors back to crypto trading. It will pump up the number of daily active users on the Coinbase platform, and it will boost overall trading volume.
How Crypto Entrepreneurs Are Experimenting With Universal Basic Income
At the core of this revolution, crypto entrepreneurs are using blockchain's potential to build a foundation for Universal Basic Income for all.
Japanese stocks draw foreign inflows after two weeks of outflows
Foreign investors turned net buyers of Japanese stocks in the week ended Nov. 2, buoyed by the Bank of Japan’s steadfast commitment to its ultra-easy monetary policy and growing sentiment that U.S.
Nikkei 225 index: bullish pattern forms after new Japan stimulus
The Nikkei 225 index has bounced back in the past few days as the USD/JPY exchange rate sits at its highest level in more than three decades. The index jumped to a high of ¥32,700, much higher than ...
Jasmy Coin price prediction: Here’s why Japan’s Bitcoin is soaring
The JasmyCoin price continued its bullish trend as investors cheered the latest Bitcoin breakout. The coin jumped to a high of $0.0044 on Thursday, the highest point since June of this year. It has ...
WeWork investor SoftBank reports $6.2 billion loss
TOKYO (AP) — SoftBank Group Corp. racked up a huge loss in ... Goto gave as an example of a hopeful development the recent IPO on Nasdaq of British semiconductor and software design company Arm which SoftBank acquired in 2016. The listing did not ...
SoftBank books $5.2 bln quarterly loss as investments and weak yen bite
TOKYO, Nov 9 (Reuters) - SoftBank Group (9984.T ... The downbeat results came even as the group managed to pull off the long-anticipated initial public offering (IPO) of chip designer Arm, although the proceeds from that did not count as earnings as ...
Japan’s Softbank logs qtrly loss as Arm IPO offers little support
Softbank (OTC:SFTBY) clocked a net loss of 789 billion yen in the three months to September 30, compared to a profit of 3.034 trillion yen a year ago, the Japanese tech giant said ... did not record a gain on the Arm IPO, given that it has still retained ...
Japanese senior vice finance minister apologizes for tax delinquency
A Japanese senior vice finance minister, who took up the role in a Cabinet reshuffle in September, on Thursday apologized after a mag ...
Japan’s SoftBank hit with $6.2B quarterly loss as WeWork, other tech investments go sour
Japanese technology company SoftBank Group Corp. racked up a huge loss in the July-September quarter as its technology investments, most notably office-sharing company WeWork, went sour. Tokyo-based ...
Japan’s State Minister of Finance admits repeated tax delinquency
Japan's State Minister of Finance Kanda Kenji has admitted that a company he owns had repeatedly failed to pay taxes. The revelation came in an Upper House committee meeting following a report from a ...