Japan confirmed on Tuesday that it made record interventions in the foreign exchange market in October, selling the dollar worth 6.35 trillion yen ($48 billion) to support the yen currency, Ministry ...
Binance acquires majority stake in Korean crypto exchange GOPAX
Binance, the world largest cyrpto exchange, has acquired a majority stake in GOPAX, a South Korea-based crypto trading platform.
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Japan Government to Present BOJ Governor, Deputy Candidates Next Week – Sources
The government initially planned to present the nominees around Feb. 10, but the schedule has been delayed, the sources said on condition of anonymity due to the sensitivity of the matter. BOJ ...
Japan conducted “stealth” currency interventions twice in October
Japan carried out "stealth" foreign exchange interventions twice in October with a record 5.62 trillion yen ($42 billion) spent on one of the days to stem the yen's rapid fall against the U.S. dollar, ...
Japan Stepped Into Forex Market Twice in October to Prop Up Yen
Japan stepped into the foreign exchange market three times in total last year, according to a fuller picture of the government’s latest intervention strategy to counter the yen’s historic fall.
Crypto exchange Binance will suspend U.S. dollar transfers
Binance will suspend U.S. dollar withdrawals and deposits for international customers beginning Feb. 8, the company said. Last month, Binance banking partner Signature Bank raised transaction minimums ...
Winklevoss twins’ crypto exchange Gemini to contribute $100 million to Genesis bankruptcy recovery
Gemini, the crypto exchange controlled by the Winklevoss twins, will contribute $100 million in cash to a recovery plan for bankrupt crypto lender Genesis.
Bank of Japan’s yield targeting suppresses speculation in JGB futures
The Bank of Japan's aggressive market operations to defend its policy band for yields has not only sapped liquidity in the government bond market but also drastically limited scope for speculation in ...
Yen hits 1-month low vs. dollar on report over new Bank of Japan governor
The yen hit a one-month low around the mid-132 range against the U.S. dollar on Monday after a report over the next Bank of Japan chi ...
Crypto layoffs rose 8 to 13 times above average following fallouts
The crypto sector posted layoff numbers ranging 8-13 times above average following the collapses of Terra and FTX, according to a recent CoinGecko study.
Idorsia shares sink on ‘unexpected’ failure of drug study
The Actelion spinout’s drug clazosentan, which is approved for use in Japan, didn’t significantly outperform a placebo in a Phase 3 study of patients with a particular type of stroke.
Bitcoin struggles around $23,000 level as new-year rally loses steam
The price of bitcoin dipped below $23,000 over the weekend as investors digested the latest U.S. employment numbers and looked toward a batch of Federal Reserve member speeches. Bitcoin fell as low as ...
Crypto Market Sentiment Improves as Investors Await the Fed’s Next Move
This is different to the end of last year and the start of 2023, when investors were pulling money out of exchange-traded products and similar crypto investment vehicles, mainly down to a brutal bear ...
Crypto Ads Are Out at This Year’s Super Bowl
Busch, gave up its deal to be the exclusive alcohol shilled during the football game’s coveted commercial time, helping usher in a banner year for booze advertising. While the 2022 Super Bowl saw ...
Crypto industry will ‘come up with new things’ and national digital currencies are moving ahead despite recent turmoil, BIS says
"I would assume that the industry will learn from these failures and they will come up with new things," head of the BIS Innovation Hub told Reuters.