The Securities and Exchange Commission on Monday said it charged 11 individuals over their roles in the creation and promotion of a fraudulent crypto pyramid and Ponzi scheme that raised more than ...
Nomad crypto hack turns into $190 million mass theft
Nomad is a cross-chain bridge, meaning it allows users to transfer cryptocurrency tokens from one blockchain to another. So, if you want to move some ETH, USDC or WBTC from the Ethereum blockchain to ...
Nikkei 225 falls, yen gains against dollar on US moves
Tokyo's benchmark stock index fell sharply on Tuesday after media reports of the possible visit by the US House Speaker to Taiwan. Some investors were worried that tensions between Washington and ...
German auto parts maker ZF eyes commercial EV market in Japan
German auto parts maker ZF is set to enter the Japanese commercial vehicle market as early as in 2026, supplying small electric trucks and vans for local delivery companies, Nikkei has learned. By ...
Japanese bank Mitsubishi UFJ blames one-off factors for first-quarter profit slump
Japan's largest lender by assets, reported on Tuesday a 70.3% plunge in first-quarter net profit, blaming a one-off loss related to the sale of MUFG Union Bank. TOKYO, Aug 2 (Reuters) - Mitsubishi UFJ ...
Crypto On Aug. 2: Bitcoin Drops Below $23,000, Ether At $1,500
The crypto market on Aug. 2 turned bearish as BTC has failed to retain price action above $23,000 while ETH is retesting $1,500 minor support.
Why Coinbase and Crypto Are Down Today
The drop in crypto led to Coinbase Global ( COIN -1.35%) dropping as much as 5.6% and Silvergate Capital ( SI -2.00%) falling 6%. Headlines today were focused on the downside of crypto, with an ...
Japan’s Planned Record Minimum Wage Hike Opens Path To Sustained GDP Growth
Japan's average minimum wage is set to rise at a record pace this year, the government said on Tuesday, a positive development for Prime Minister Fumio Kishida's efforts to cushion households from ...
Japanese Finance Minister Frets About ‘Hectic’ Yen Swings
Japanese Finance Minister Shunichi Suzuki on Tuesday reiterated the need for currencies to move stably reflecting fundamentals, describing recent yen swings as "hectic", highlighting the complication ...
Japan’s Suzuki: Recent yen moves have been rapid
It is important for FX rates to moves stably, reflecting fundamentals. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments ...
SEC Says 11 People Fooled Users Out of $300 Million in Crypto Pyramid Scheme
The agency said the crypto company Forsage was selling people the opportunity to recruit others to then profit off them picking up new slot.
Japanese Yen Roars Back to Life – USDJPY, AUDJPY, EURJPY, GBPJPY
The Japanese Yen appears to have made a serious pivot as a myriad of factors have allowed for the US Dollar to cool its recent advance. Global recession fears and the market’s attempt(s) to price a ...
Video Game Consoles Are Somehow Spared From Inflation in Japan
The weaker yen has triggered price hikes on electronics from iPhones to refrigerators across Japan this year, with one glaring exception: the video game console.Most Read from BloombergChina’s Rebound ...
After a Fall, Crypto Winter Sets In
This period of market cooling has become known as "crypto winter." Unlike terms such as “market correction” or “bear market,” crypto winter doesn’t have a precise definition. “Generally speaking, it’s ...
Opinion: Crypto can’t rely on the government to save it from itself
At the very least, companies need to put much clearer warning labels on their products outlining the risks of depositing or investing with them, as well as more information about how customers' ...
The SEC has charged 11 people in a $300 million global crypto scheme
The SEC has filed charges against 11 people involved in an international "crypto pyramid and Ponzi scheme" that raised more than $300 million from millions of investors. The SEC action was aimed at a ...