Bitcoin has unleashed a wave of speculation in El Salvador since its adoption as legal tender last month. Uber drivers, waiters and store owners are day-trading the cryptocurrency on their phones, ... ( read original story ...)
SoftBank To Offload INR 1,328.5 Cr Worth Shares In OYO’s IPO
Long-time investor and the largest shareholder in the hospitality unicorn OYO, SoftBank will offload part of its stake in its proposed initial public offering (IPO). SoftBank’s ... ( read original story ...)
Washington takes aim at the booming crypto industry
A report on stablecoins, now circulating among top officials, will kick off a Biden administration bid to bring federal oversight to digital assets. ( read original story ...)
A 24-year old Gen Zer that became a crypto millionaire this year when he sold his fund talks about why he’s betting big on avalanche
Rahul Rai, who became a millionaire when he sold his crypto fund this year, believes the avalanche blockchain could be number one. ( read original story ...)
SoftBank to sell stakes in OYO worth over $175 mn: OYO IPO filings
Japanese conglomerate SoftBank will sell its stake in OYO worth $175 million, the startup said in an IPO filing. Besides SoftBank, Southeast Asian ride-hailing firm Grab, China Lodging Holdings and ... ( read original story ...)
Next Japan PM Kishida intends to dissolve lower house Oct. 14 for election
Prospective Japanese prime minister Fumio Kishida intends to dissolve the House of Representatives on Oct. 14 for a general election in November, a source familiar with the plan says. ( read original story ...)
Big manufacturer sentiment improves for 5th straight qtr in Sept.: Bank of Japan
Business confidence among major Japanese manufacturers improved for a fifth straight quarter as the economy emerges from the COVID-19 ... ( read original story ...)
Central bank report highlights risk in the race to digital currencies
Three new reports from the Bank of International Settlements and seven different central banks find that while a groundbreaking innovation to monetary policy, CBDCs pose many opportunities and ... ( read original story ...)
OYO warns of delay in turning profitable; IPO-bound startup’s key strengths & weaknesses
OYO Rooms' filing of preliminary papers comes close on the heels of Zomato's public offer in July, which saw strong interest from investors. ( read original story ...)
Crypto Company Accidentally Gives Users $90 Million, Politely Asks for It Back
If someone accidentally deposited millions of dollars into your bank account, what are the chances you would just return it? What if the person that sent it to you asked really nicely? ( read original story ...)
$89 million in crypto was mistakenly sent out to users of a decentralized finance platform, and now its CEO is asking users to voluntarily send it back
A glitch in a software update for the cryptocurrency-lending platform Compound caused too much "COMP" to be sent to users - $89 million worth. ( read original story ...)
Suzuki to be Japan finance chief; Motegi to stay as foreign minister
Fumio Kishida, set to take office as Japan's prime minister next week, plans to appoint senior ruling party lawmaker Shunichi Suzuki as finance minister and retain Toshimitsu Motegi as foreign ... ( read original story ...)
Crypto prices skyrocket after El Salvador begins harvesting volcano power to mine for Bitcoin
The value of cryptocurrencies is erupting after El Salvador announced it is now using volcanic energy to mine Bitcoin. ( read original story ...)
The SEC has delayed its decision on a bitcoin ETF again, pushing deadline back 45 days as it mulls approval for first ever US crypto fund
Applications are pending for the Global X Bitcoin Trust, Kryptoin Bitcoin ETF, Valkyrie XBTO Bitcoin Futures Fund, and the WisdomTree Bitcoin Trust. ( read original story ...)
Crypto exchange Coinbase says at least 6,000 customers had funds stolen from their accounts in phishing attack
Some customers may have fallen victim to a phishing campaign and turned over their credentials to attackers, a spokesperson told Insider. ( read original story ...)
Pro Athletes Getting Paid in Crypto
Some of the world's top professional athletes are making moves to get paid in cryptocurrency. Here are some names you might recognize. ( read original story ...)