Tag: banking

Executives at China's Blockchain-based Service Network (BSN) have branded bitcoin and cryptocurrency "the biggest Ponzi scheme in human ... ( read original story ...)

Singapore is considering new rules to protect consumers after plunging digital asset prices triggered a series of high-profile crypto blowups, including firms based in the city-state. ( read original story ...)

Sen. Cynthia Lummis owns bitcoin, understands crypto, and has the power to police it, a rare combination in an aging Congress and new technology. ( read original story ...)

Vauld, a crypto lender backed by Coinbase and investor Peter Thiel, has halted withdrawals and trading on its platform as the credit crisis in the digital asset market intensifies. The company, which ... ( read original story ...)

The crash in crypto prices is spurring a liquidity crisis among service providers. These are the high-profile crypto companies struggling with the impact. ( read original story ...)

Three years after Facebook announced its ill-fated push into cryptocurrency, aka the Libra project, the tech giant has signalled another scaling back of its activity — announcing Friday that Novi, the ... ( read original story ...)

The crypto billionaire has said he feels obligated to "stem contagion" and make bad deals "if that's what it takes to sort of stabilize things." ... ( read original story ...)

Vauld is the latest victim of the cryptocurrency price plunge this year that has exposed flaws in a number digital coin projects and business models. ( read original story ...)

At the close in Tokyo, the Nikkei 225 added 0.84%. The best performers of the session on the Nikkei 225 were Tokyo Electric Power Co., Inc. (TYO: 9501 ), which rose 12.95% or 75.00 points to trade at ... ( read original story ...)

Russia needs to wait and see how proposals on capping the price of Russian oil exports are finalised, Kremlin spokesman Dmitry Peskov told reporters on Monday. Commenting on reports that Japan's Prime ... ( read original story ...)

Singapore-headquartered crypto lender and exchange Vauld is suspending withdrawals, trading and deposits with immediate effect as it navigates financial challenges. ( read original story ...)

At the close in Tokyo, the Nikkei 225 rose 0.84%. The biggest gainers of the session on the Nikkei 225 were Tokyo Electric Power Co., Inc. (TYO: 9501 ), which rose 12.95% or 75.00 points to trade at ... ( read original story ...)

Rakuten Group Inc. has applied to list its banking arm on the Tokyo Stock Exchange, as the Japanese online retailer seeks to accelerate an expansion into fintech.Most Read from BloombergBezos Slams ... ( read original story ...)

Japan is expected to post record tax revenue ... as businesses recovered from the coronavirus pandemic. Sources say the Finance Ministry will soon report that tax revenue hit about 67 trillion ... ( read original story ...)

Fund managers are slashing the cost of exchange traded products to lure investors back into the asset class amid the ongoing crypto crash. Cryptocurrency specialist 21Shares, a Swiss group, has ... ( read original story ...)

Despite China’s sweeping bans on cryptocurrencies, domestic web3 talent is quietly flourishing, with many venturing beyond the country’s border. From offering crypto derivative products to to making ... ( read original story ...)