This surge in household expenditure compounded by frets of lasting supply chain issues and the steady march of Covid, omicron edition, has stoked fears of long-lasting inflation making the case for ... ( read original story ...)
Crypto assets market ‘poses threat to global financial stability’
International watchdog highlights stablecoins as particular concern in absence of regulation Last modified on Wed 16 Feb 2022 14.47 EST The booming crypto assets market could pose a serious threat to ... ( read original story ...)
Charlie Munger compares crypto to ‘venereal disease,’ warns of inflation danger
“I wish it had been banned immediately,” Munger, who is also Warren Buffett’s right-hand man and vice chairman of Berkshire Hathaway Inc. BRKB, +1.03%, said of crypto. “I admire the Chinese for ... ( read original story ...)
Crypto Market Attracts Fed Scrutiny Over ‘Emerging Risks’
The crypto world continues to be in the spotlight this week, with the Federal Reserve reiterating a warning of potential economic risks just days after digital-asset firms dominated the advertisements ... ( read original story ...)
G20 finance leaders to debate inflation, fallout from tighter policy
TOKYO/JAKARTA (Reuters) - Finance leaders of the world's top 20 economies will debate the fallout from lingering geopolitical tensions, rising global inflation and tighter monetary policy in some ... ( read original story ...)
Japan’s exports grow less than expected, trade deficit soars
Exports rose 9.6% year-on-year in January, Ministry of Finance data showed on Thursday, below a median market forecast for a 16.5% increase in a Reuters poll. It followed 17.5% growth in the prior ... ( read original story ...)
Crypto exchange Binance.US is reportedly dealing with an SEC investigation
The two firms, Merit Peak Ltd. and Sigma Chain AG, serve as market makers that continually buy and sell crypto on Binance.US, helping to lower price volatility. The SEC is particularly concerned with ... ( read original story ...)
US Sen. Sherrod Brown says crypto ads during Super Bowl did not address the ‘fraud, scams, and outright theft’ in the space
US Senator Sherrod Brown blasted the deluge of crypto ads that aired during the Super Bowl. He said the ads did not address numerous risks to investors when trying to woo newcomers. "But the ads left ... ( read original story ...)
SoftBank mulls $8 bln margin loan as part of Arm IPO – Bloomberg News
For Arm, banks are planning to pitch IPO valuations of more than $50 billion, the report said. SoftBank did not immediately respond to a Reuters request for comment. The Japanese conglomerate acquired ... ( read original story ...)
SoftBank Seeks $8 Billion Margin Loan as Part of Arm IPO
This isn’t the first time Son has linked IPO mandates to margin loans. In 2018 it lined up commitments for a loan of $9 billion for its Vision Fund, provided by advisory firms including arrangers of ... ( read original story ...)
Is a Crypto Bubble Hiding in Plain Sight?
Digital currencies like bitcoin and ethereum, the two largest cryptocurrencies by market value, have had meteoric ascents since 2019 that has left some under the impression that the entire crypto ... ( read original story ...)
Crypto’s Gone Mainstream; Here’s What Comes Next
Crypto has entered a new phase of its existence: It’s gone mainstream. As investors, that means we need to start asking different—and sometimes harder—questions. Here’s what I mean. For much of the ... ( read original story ...)
Colorado will accept crypto for payment of state taxes by the summer, with drivers’ and hunting licenses to follow, Gov. Polis says
"We expect by this summer to accept crypto for all of our state tax-related purposes," he said on "Crypto World". "And then we plan to roll that out across all state government for things ... ( read original story ...)
Belarus to let law enforcement inspect a register of crypto wallets linked to criminal activity, under the president’s new decree
Belarus is set to bring in rules enabling its authorities to track crypto wallets linked to illicit activity. President Lukashenko signed a decree Monday that also allows the free circulation of ... ( read original story ...)
Crypto crime wave accelerates as report finds thousands of ‘whales’ hold $25 billion in stolen funds
These whales — crypto slang for online wallets with large holdings — have amassed $25 billion in stolen or scammed cryptocurrency between them. These criminal accounts now make up 3.7% of all the ... ( read original story ...)
Walmart’s Crypto Plans Might Be ‘Misguided’, Analyst Says
"At the moment, some crypto payments companies or exchanges with payments cards can allow transactions in ethereum," Mishunin said, "but these are converted and received as Dollar by Walmart." He ... ( read original story ...)