In an unexpected twist, the cryptocurrency exchange Binance said it is buying its smaller rival FTX after the firm faced a liquidity crisis that rattled digital assets and sparked contagion fears.
Crypto’s Biggest Day Ever Is Far From Its Best
Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more. In today’s edition, Emily Nicolle recaps an incredible day in crypto: ...
Ahead Of His Crypto Firm’s Cash Crunch, Billionaire Sam Bankman-Fried Spent Tens Of Millions On Politics
The crypto billionaire and two of his deputies poured nearly $69 million into the 2022 midterm elections. That money may have been better spent shoring up his cryptocurrency exchange, which is now ...
Crypto billionaire Sam Bankman-Fried’s net worth could shrink by over $13 billion
CEO of crypto exchange FTX Sam Bankman-Fried announced he will sell his company to rival crypto exchange Binance.
Sam Bankman-Fried was the face of crypto in D.C. What would FTX’s acquisition mean for regulation?
As lawmakers in D.C. have debated legislation to regulate the crypto industry, they have turned to Sam Bankman-Fried, the 30-year-old founder of FTX known for an unruly mop of hair and a willingness ...
Japan’s current account surplus shrinks to $6.2 bil. in Sept.
Japan's current account surplus fell to 909.3 billion yen ($6.2 billion) in September, the Finance Ministry said Wednesday.
Japan manufacturers’ mood down amid weak yen, global risks – Reuters Tankan
Japanese manufacturing optimism dropped to a 22-month low in November, while the service-sector mood brightened to a three-year high, the Reuters Tankan poll showed, underscoring the fragility and ... ( read original story ...)
Japan’s economy faces headwinds amid low growth and weak yen
Japan appears to be facing an extended period of low growth and a weak yen as the U.S. Federal Reserve continues its aggressive monetary tightening amid soaring inflation. The government hopes a ... ( read original story ...)
Kin locked out of bankrupt Sapporo temple facility storing loved ones’ ashes
A temple operating a facility storing people's ashes has effectively gone bankrupt and its representative is missing, leaving the remains o ... ( read original story ...)
Hong Kong Airlines resumes flights to Okinawa and Sapporo
Hong Kong Airlines has resumed flights to Okinawa and Sapporo, after a hiatus of two years caused by the global COVID-19 pandemic. The airline is initially operating both routes with thrice weekly ... ( read original story ...)
Baseball: Roki Sasaki prepares for WBC test
One of Japan's biggest young stars, flame-throwing right-hander Roki Sasaki worked out Tuesday as Japan's national baseball team pr ... ( read original story ...)
Art collective teamLab brings immersive night experience to botanical garden in Osaka
Lab Botanical Garden Osaka is a botanical garden by day, and an art space by night, created by the Tokyo-based art collective teamLab, known for their record-breaking museum teamLab Borderless. ( read original story ...)
Japan’s Waning Appetite for Treasurys Fuels Anxiety on Wall Street
Investors fear a blow from a pullback in Japanese demand for U.S. bonds. ( read original story ...)
Crypto Is in Big Trouble Again
Crypto exchange FTX.com has agreed to sell itself to a competitor, confirming fears over its financial health.
Real estate startup Tomu seeks $2M to ramp up production of luxury modular homes
which are attractive to property owner because they have greater profit margins than long-term rental properties. That conversation convinced Osaka, who has held corporate leadership positions in ... ( read original story ...)
Crypto Shaken and Threatened By the Clash Between Two Billionaires
Their respective fortunes are linked to their investments in the young crypto industry that wants to completely disrupt the financial services sector. Bankman-Fried is worth $15.6 billion as of Nov. 7 ...