Crypto exchange OKcoin temporarily paused U.S. dollar deposits in the wake of the closure of crypto-friendly Signature Bank by state regulators Sunday.
Major crypto coins stabilise after U.S. intervenes on SVB collapse
Major cryptocurrencies stabilised on Monday after U.S. authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB) and the issuer of the USD Coin stablecoin said it remained redeemable with the dollar.
Crypto Scours the Globe for Banks to Replace Collapsed US Lenders
Crypto hedge fund executive Marco Lim spent Monday racing to open bank accounts in Hong Kong after the sudden collapse of three US lenders.
SVB Bust Won’t Go Big in Japan—Probably
SVB was tripped up by investments in Treasurys and government-backed debt. Japanese financial institutions have long been large buyers.
Colt opens new data center in Osaka, and planning new Mumbai campus
Colt opens data center in Osaka. First announced in 2021, Colt this week confirmed the opening of a new 45MW facility in the Keihanna area of Osaka. The company said 75 percent of ... ( read original story ...)
WATCH: Tokyo court orders retrial of ex-boxer after 57 years on death row
Hakamada was sentenced to death in 1968 for robbing and murdering his boss, the man's wife and their two teenage children. But Amnesty International says his conviction was based on a forced ... ( read original story ...)
Japan court orders retrial for 87-year death row ex-boxer
Tokyo’s high court has ordered a retrial for an 87-year-old former boxer who has been on death row for more than five decades ( read original story ...)
Founder of troubled crypto asset unicorn Babel launches new DeFi project, stablecoin
Flex Yang, the former CEO and founder of Babel Finance, is leading efforts to restructure the now embattled crypto asset unicorn while introducing a new decentralized project with hopes to avoid some ...
Bitcoin rises and crypto market tops $1 trillion again after US regulators bail out SVB customers
Bitcoin's price jumped in a broad-based rally for cryptocurrencies Monday, after US regulators stepped in to bail out customers with money in Silicon Valley Bank.
Helium’s IoT-Crypto Network Is Barely Hanging On in Lebanon
People in the country hoped to earn a steady payout from Wi-Fi hot spots. But many are left holding useless hardware.
After SVB failure, regulators close crypto-friendly bank Signature Bank
Signature Bank is the second casualty of the ongoing banking crisis in the U.S. The New York-based financial institution stopped operating abruptly on Sunday — customers will be made whole. Regulators ...
US futures fall as US bank failures make markets jittery
Bank stocks sagged and U.S. stock futures were mixed ahead of the market’s open in New York, shaken by worries the biggest U.S. bank failure in nearly 15 years might have ripple effects ...
Japan loosens COVID-19 rules, but many keep masking
Many Japanese residents took a cautious approach on Monday to the government easing COVID-19 restrictions, choosing the keep wearing masks on the morning commute and in many public spaces.
Asian shares mixed despite jitters after US bank failure
Asian shares mostly fell Monday, shaken by a Wall Street tumble that set off worries the biggest U.S. bank failure in nearly 15 years might have ripple effects around the world. TOKYO (AP) — Asian ...
U.S. moves to protect all deposits at Silicon Valley Bank in bid to stem wider fallout
After shutting down one of the tech industry’s top banks Friday, federal authorities took extraordinary steps to head off a broader financial crisis before markets reopened for Monday trading.
First Republic Bank shares fall more than 60% after collapse of SVB, Signature
Shares of First Republic Bank tanked by nearly 70% in pre-market trading on Monday — just hours after federal regulators announced that they would step in and assume control of failed lenders Silicon ...