Bitcoin and other cryptocurrencies fell on Thursday as some of the initial excitement around U.S. President Joe Biden's executive order on digital assets faded. ( read original story ...)
UK FCA Orders Operators to Shut Down Crypto ATMs
The U.K.'s Financial Conduct Authority (FCA) has warned that any crypto ATMs operating in the country are illegal and must be shut down. Operators must be registered with the FCA to offer ATM services ... ( read original story ...)
Stripe gets friendly with crypto, again
Payments giant Stripe already powers a pretty major swath of the web’s financial infrastructure, now it’s launching crypto payments support to give customers an easier path to onboard web3 users and ... ( read original story ...)
Biden’s New Executive Order on Crypto Is a Step in the Right Direction, Experts Say. Here’s What Investors Should Know
President Joe Biden signed an executive order on crypto Wednesday. Here’s how experts are reacting and what investors should make of it. ( read original story ...)
Japanese Megabanks Join SBI Holdings to Pull Staff Out of Russia
Japan’s top lenders, including the banking unit of Mitsubishi UFJ Financial Group Inc., are pulling their Japanese staff out of Russia due to safety concerns following its invasion of Ukraine. ( read original story ...)
SEC okays CTS Global Equity Group IPO
The Securities and Exchange Commission (SEC) has considered favorably the initial public offering (IPO) by CTS Global Equity Group, Inc. for up to PHP1.375 billion. In its March 10 meeting, the ... ( read original story ...)
Inflationary pressures in US, weakening euro, and the Bank of Japan’s dovish stance
The US Federal Reserve and the Bank of Japan have policy meetings next week. While the Fed is certain to hike rates, the BOJ is set to remain an outlier and hold onto a dovish stance on monetary ... ( read original story ...)
Japanese Yen Tanks as US Dollar Soars Ahead of The Fed and BoJ. Where to for USD/JPY?
The Japanese Yen fell further today as the US Dollar gained ground ahead of central bank meetings next week. Will USD/JPY maintain momentum? ( read original story ...)
Japan’s Nikkei posts worst week since late Nov on Ukraine, inflation worries
Japan's Nikkei recorded its worst week since late November, as a surge in U.S. inflation and little progress in talks between Ukraine and Russia's foreign ministers soured risk sentiment. ( read original story ...)
Japan’s Nikkei falls 2% as shares in Asia decline; Chinese tech stocks in Hong Kong drop
The Nikkei 225 in Japan fell 2.05% on Friday, shedding some of its nearly 4% gain on Thursday, with shares of conglomerate SoftBank Group dropping 6.21%. ( read original story ...)
Stripe is supporting crypto, again
Payment giant Stripe is back in the cryptocurrency business with the launch of a suite of products to support crypto payments on its platform. "Stripe now supports crypto businesses: exchanges, ... ( read original story ...)
Crypto’s War Test Leaves Future of Money Debate Wide Open
The sector’s performance since Russia’s invasion has showcased digital assets’ uses and limitations, while reinforcing crypto’s divergent narratives. ( read original story ...)
Crypto Scams Growing Says Key Bank Regulator
He pointed out crypto theft hit $3.2 billion in 2021, a 516 percent increase over 2020 with the biggest threat coming from so-called rug pulls, where legitimate-looking crypto projects were used to ... ( read original story ...)
Coupang Lost Nearly Half Its Value in Year Since Its Mega IPO
South Korea’s e-commerce giant Coupang Inc. lost nearly half of its value since it’s mega listing in the U.S. one year ago, an anniversary heralding little cheer for holders including Softbank Group ... ( read original story ...)
Japan’s Nikkei dives back towards 16-month low as Ukraine worries weigh
TOKYO, March 11 (Reuters) - Japan's Nikkei stock index retreated towards a 16-month low on Friday, as risk sentiment soured after talks between Ukraine and Russia's foreign ministers made little ... ( read original story ...)
Bank of Japan in dilemma as Ukraine crisis raises specter of price hikes
Painful price hikes are in the offing in Japan, with consumers paying more for everything from gasoline and electricity to rice balls ... ( read original story ...)