Despite the headline inflation cooling down, the Fed will likely continue raising interest rates to meet its inflation target. Moreover, S&P 500 earnings are estimated to have declined in ...
France Gives Crypto Firms More Time to Comply
Instead of rushing to implement a stringent licensing regime, a new amendment means France will wait on EU-wide ruling to arrive.
Crypto Is Worth Fixing. Regulators Should Get Moving
The once-burgeoning realm of crypto and decentralized finance keeps imploding, presenting policy makers with a quandary: Should they just let it burn, or step in to address its now-obvious flaws? The ...
Bankrupt crypto lender BlockFi accidentally reveals it had over $1.2 billion in assets tied up with FTX
Bankrupt crypto lender BlockFi accidentally revealed it had over $1.2 billion in assets tied to FTX and its sister trading arm Alameda Research, according to CNBC. The redacted sections include "trade ...
Sam Bankman-Fried gave $400 million to an obscure crypto-trading firm cofounded by a Jane Street trader just 2 years out of college, report says
Modulo Capital operated out of the same luxury Bahamas resort where Sam Bankman-Fried lived. Like SBF, its cofounders used to work at Jane Street.
Roundup: Japan’s Nikkei ends higher for 4th straight day amid concerns of overheating
Japan's benchmark Nikkei stock index extended its rally to a fourth session Wednesday as cyclical stocks outperformed although gains were subdued amid concerns the market may be overheating. The ...
Elderly Tokyo woman swindled out of over 700,000 dollars in cryptocurrency
An elderly woman in Tokyo has been swindled out of 97 million yen, or about 744,000 dollars, in cryptocurrency after receiving a fraudulent phone call warning her that her bank account was being used ...
BlockFi secret financials show a $1.2 billion relationship with Sam Bankman-Fried’s crypto empire
Financial documents that were mistakenly uploaded from bankrupt crypto firm BlockFi show a $1.2 billion relationship with FTX and Alameda Research.
The Crypto Industry’s Favorite Bank Is in Deep Trouble
Sam Bankman-Fried once lauded the tiny Silvergate Bank for being a key part of the crypto revolution. Will it survive his scandal?
Japan’s Nikkei rallies for fourth day, Dai Nippon Printing tops gains
Automotive battery component supplier Dai Nippon Printing soared 13% to top the leaderboard, following media reports that activist investor Elliott Management had taken a large stake. Suzuki Motor was ...
OPTAGE Builds Its Fifth Data Center in Osaka, Japan
OPTAGE, Inc., digital infrastructure and telecommunication company in Japan, today announced to build its Fifth Data Center ‘OPTAGE Sonezaki Data Center’ in Osaka, Japan.In recent years, many ...
Crypto Chaos Snags Wall Street’s Lender of Next-to-Last Resort
A Depression-era backstop that Wall Street banks use for short-term funding is the latest corner of traditional finance to be ensnared by upheaval in the crypto industry.
Scaramucci Sees Risk-Asset, Crypto Resurgence on Fed Pause
Investor Anthony Scaramucci said he expects the Federal Reserve will pause its campaign to raise interest rates before reaching its 2% inflation goal, leading to a rally in risk assets.
Crypto Weekly: bitcoin investors take charge
STORY: From why bitcoin fans are taking charge of their crypto, to how FTX could make a comeback, we round up the week’s big stories in the world of alternative money. The collapse of FTX may have ...
Crypto recruiters see opportunity to snatch up talent amid Big Tech layoffs
Major crypto companies have laid off employees, which is giving startups the opportunity to snatch up new talent.
Jim Cramer Recommends This Investment Over Buying Crypto
Enter CNBC's Jim Cramer, who has at times lambasted the very idea of bitcoin and at others has explained why he invests in the mercurial digital currency. Bitcoin's current rally into the $23,000 has ...