Major cryptocurrency exchange KuCoin has hired auditor Mazars to confirm its proof of reserves in a third-party factual findings report, days after rival exchange Binance did the same. According to a ...
Japanese stocks inch higher as chip makers, exporters gain
Japanese shares inched higher on Tuesday, underpinned by gains in chip-related stocks and as exporters advanced after the yen weakened against the dollar overnight. The Nikkei share average rose 0.29% ...
Bank of Japan seen to ditch yield cap next year as inflation perks up
TOKYO - The Bank of Japan (BOJ) may abandon its 10-year bond yield cap as early as next year on growing prospects that inflation and wages will overshoot expectations, said Takeo Hoshi, an academic ...
Bitcoin Lags as Unwinding of ‘Fed Trade’ Lifts US Stocks Above 200-Day Average
Unless you have been underwater for over a year, you probably know that selling risk assets like U.S. stocks and bitcoin (BTC) and buying the ...
Warren Buffett-Backed BYD To Sell EVs In Japan By Early 2023
After announcing its Mexico foray, Warren Buffett-backed BYD Co.‘s (OTC:BYDDF) Japanese division said it would start selling its first battery electric vehicles in the country early next year. What ...
2022: The Year That Bitcoin Came Of Age And Fiat Showed Its Ugly Side; The Case For A Monetary Escape Hatch
If you’ve been ambivalent on bitcoin until now, then 2022 might just be the year that persuades you of its merits - and that’s despite the onset of crypto winter, and headline-grabbing price declines ...
First Mover Asia: Bitcoin Hovers Near $17.3K, but Does It Have Staying Power?
Headlines Bitcoin Miners’ FTX Contagion Exposure May Amplify Industry Pain: Core Scientific, Bitfarms and Genesis Digital Assets are among miners that have direct and indirect exposures to the fallout ...
Jim Cramer urges investors to exit crypto – ‘it’s never too late too sell’
The collapse of FTX, the bankrupt cryptocurrency exchange that was worth $32 billion at its peak, has thrown the crypto space under intense scrutiny.
Ordinary Investors Who Jumped Into Crypto Are Saying: Now What?
Many small investors who piled into cryptocurrencies on FTX, BlockFi and other platforms are recognizing the perils of investing in an unregulated industry.
Texas’s crypto mining boom is starting to look more like a bust
In an effort to become a haven for crypto mining, Texas has aggressively lured miners with cheap power and favorable regulations, prompting many to take out billions in loans to buy pricey machines and build out infrastructure.
Crypto Pressure Ratchets Up as FTC Probes Several Firms Over Ads
The US Federal Trade Commission is probing several crypto firms over allegations their advertisements were deceptive or misleading, the agency said Monday.
Crypto Market Analysis: Consumer Savings Rate Suggests Continued Calm in Bitcoin Prices
Many economic indicators now point to relatively mild price action in the short term for crypto markets. The U.S. central bank’s likely 50 basis point rate hike at its next Federal Open Market ...
Crypto insurance is nearly nonexistent, so you’ll have to rely on some common sense to protect you
If only your bitcoin could catch on fire — literally — then it might have a chance of being covered by insurance. For property, fire is a straightforward hazard. But it’s probably the one big thing ...
Transition to new notes ongoing for Bank of Japan
Mass production of redesigned bank notes announced in 2019 has begun in Japan with three denominations of the new notes expected to start circulation in April.
Japan eyes 56% increase in defense budget over five years
Japanese Prime Minister Fumio Kishida instructed ministers on Monday to boost the country's defense budget by 56 percent over the next five years to 43 trillion yen. The government is overhauling its ...
How a deeper crypto crash in 2023 could spark a gold rush
How an extended ‘crypto collapse’ could burnish gold prices in 2023 - Gold could be about to take off in 2023 should the collapse in crypto assets, including Bitcoin, continue ...