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Category: FINANCE

Posted on 24/05/2023

Nvidia’s AI, Metaverse Investments Keep Business Humming After Crypto Mining Demand Withers

In March, Nvidia announced an alliance with Microsoft MSFT -0.1% that focuses on bringing the industrial metaverse and AI to enterprises via cloud computing platform Azure. Upon the announcement, Nvidia CEO Jensen Huang reiterated that his goal was to to bring new AI, simulation and collaboration capabilities to every industry.

Posted on 24/05/2023

Japan’s govt. reports errors in linking ‘My Number’ IDs with bank accounts

The Japanese government has reported errors in linking "My Number" IDs with individuals' bank accounts for receiving public money payments.

Posted on 24/05/2023

Bitcoin climbs back above $27,000 after Hong Kong greenlights some retail crypto trading

Cryptocurrency prices moved higher on Tuesday after Hong Kong's securities regulator announced it will allow retail trading of certain crypto assets starting June 1.Bitcoin rose 1.7% to $27,293.64, according to Coin Metrics.

Posted on 23/05/2023

Meltem Demirors bet her career on crypto when it was in the doldrums. Now she’s one of the industry’s biggest investing stars.

Meltem Demirors took a gamble on crypto investing when it was shunned by many VCs. Now she's a top seed investor and one of crypto's biggest stars.

Posted on 23/05/2023

Crypto giant Binance commingled customer funds and company revenue, former insiders say

Reuters found no evidence that Binance client monies were lost or taken. SEC chair Gary Gensler has said that many crypto exchanges offering securities to U.S. customers are not complying with laws ...

Posted on 23/05/2023

Hong Kong’s Small Investors Get Crypto Greenlight

Hong Kong’s securities regulator said it will allow small investors to trade cryptocurrencies, lifting a ban that was in place for years. There are a few caveats. Retail investors will be restricted t ...

Posted on 23/05/2023

Analysis: Japan’s Nikkei at 33-year high has more wind in its sails

As Japan's stock market sits atop 33-year highs last seen during the country's 'bubble" era, investors are bullish that the rally in the world's third-largest market has only just begun.

Posted on 23/05/2023

Japan Implements Stricter Anti-Money Laundering Rules for Cryptocurrencies

The Japanese Cabinet announced on Tuesday its decision to enforce more stringent anti-money laundering regulations concerning cryptocurrencies, effective June 1.

Posted on 23/05/2023

Japan’s Nikkei drops from 33-year peak, ends 8-day win streak

TOKYO (Reuters) -- Japan's Nikkei share average dropped sharply from a 33-year high on Tuesday as some investors swooped in to take profits following a breathless eight-day rally. The Nikkei started ...

Posted on 23/05/2023

Chinese money pours into Japan-focused funds, triggering risk warnings

Chinese money is pouring into Japan-focused stock funds as the Nikkei hits 33-year highs, triggering repeated warnings from fund managers about market risks. Two Shanghai-listed exchange-traded funds ...

Posted on 23/05/2023

Japan stocks lower at close of trade; Nikkei 225 down 0.42%

Japan stocks were lower after the close on Tuesday, as losses in the Transportation Equipment, Banking and Steel sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 0.42%. The best ...

Posted on 23/05/2023

Japan to enforce crypto anti-money laundering steps from June

Japan's Cabinet decided Tuesday to enforce stricter anti-money laundering measures from June 1 to trace cryptocurrency asset transact ...

Posted on 23/05/2023

Watchdog proposes first set of global rules for crypto sector

Bitcoin coins are seen at a stand during the Bitcoin Conference 2023, in Miami Beach, Florida, U.S., May 19, 2023. REUTERS/Marco Bello/File Photo ...

Posted on 23/05/2023

Iosco calls on global regulators to be faster and bolder on crypto markets

Regulators should be faster and bolder in taming cryptocurrency markets and should break up companies with intractable conflicts of interest, the global securities watchdog said as it unveiled a ...

Posted on 23/05/2023

Cryptoverse: Busy bitcoin births new breed of crypto

Daily transactions have rocketed to an all-time high of 682,000 this month, according to data from Glassnode, almost 40% higher than the previous peak in 2017. Bitcoin's dominance, or its share of the ...

Posted on 23/05/2023

Crypto Exchange OKX Sets Up Shop in Paris, Seeks Regulatory Approval

Crypto exchange OKX has applied for regulatory approval in France and plans to build out its European hub in Paris, making it the latest overseas crypto firm to pick the French capital as its base on ...

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