It goes a step too far to say a weak yen is the main reason for explaining why prices in Japan are rising, Asian Development Bank (ADB) President Masatsugu Asakawa said on Friday. The major factors ...
Japan’s Suzuki: Closely watching fx moves with sense of urgency while working with BOJ
Japanese Finance Minister Shunichi Suzuki said on Friday that they are closely watching fx moves with a sense of urgency while working with the Bank of Japan (BOJ). He declined to comment on ...
Crypto Must Overcome Its Perceived Illegitimacy To Scale
In recent weeks, near unprecedented bitcoin volatility has sparked a firestorm of debate as pundits and investors argue about the value, monetary and otherwise, of cryptocurrency.
Nintendo Supplier Withdraws Outlook Citing Chips Uncertainty
Hosiden Corp., a major assembler of Nintendo Co.’s Switch console, withdrew its fiscal year sales forecast citing difficulties procuring electronic components.Most Read from BloombergRockstar Games ...
Japan’s Sumitomo Mitsui Financial posts 24.2% jump in Q1 net profit
Sumitomo Mitsui Financial Group Inc , Japan's second-largest bank, reported on Friday a 24.2% increase in first-quarter net profit as improved economic conditions helped boost its main lending ...
Crypto: PayPal’s Ambitions Could Be Crushed By A Powerful Player
PayPal's crypto offering could be facing its last days if activist hedge fund Elliott Management has its say. The hedge fund recently took a stake in the beleaguered payments behemoth, according to ...
SEC Chief: No Reason To Treat Crypto Market Differently; Asks Investors To Be Careful On Direct Custody
"If a company builds a crypto market that protects investors & meets the standard of our market regulations, people will more likely have greater confidence in that market," he wrote in the tweet.
Japan’s Finance Ministry announces JPY 257b in budget reserves to curb inflation
Japanese Ministry of Finance announced on Friday that it has set aside JPY 257 billion in budget reserves to combat rising oil and other prices. Information on these pages contains forward-looking ...
Japan’s Nikkei tracks Wall Street rally to edge higher
TOKYO, July 29 (Reuters) - Japan's Nikkei share average edged higher on Friday, getting some support from Wall Street rally overnight, although the index failed to scale the psychological 28,000 ...
PayPal’s Crypto Project Could Be In Danger
PayPal's crypto offering could be facing its last days if activist hedge fund Elliott Management has its say. The hedge fund recently took a stake in the beleaguered payments behemoth, according to ...
Crypto’s nightmare scenario is here
While Coinbase’s problems with the SEC have flared up just in the past week, they represent the exact scenario that has been keeping crypto executives up at night for far longer. In fact, Coinbase ...
Apple And Google Are Hosting Fake Crypto Apps Designed To ‘Defraud Investors,’ Senator Says
The chairman of the Senate Banking Committee, Sen. Sherrod Brown, has written letters to Tim Cook of Apple and Sundar Pichai of Google about the proliferation of fake crypto apps in their app stores.
Crypto Lender Voyager Ordered by US Regulators to Stop Misleading Customers
Crypto lender Voyager Digital has been ordered by U.S. banking regulators to stop making incorrect claims that the company was insured by the government. The Federal Reserve and Federal Deposit ...
Bitcoin rallies, Meta reports $2.8 billion metaverse loss, and what’s next for DeFi: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and ...
Ethereum Leads Crypto Rally on Software-Upgrade Optimism
Cryptocurrencies rallied for a second day, with Ethereum-related tokens leading gains, as risk aversion eases and optimism grows about the long-anticipated software upgrade of the blockchain network.
El Salvador still has plans for a bitcoin bond even as the country sees a 50% loss on its crypto investment
El Salvador has snapped up 2,381 bitcoins since making it legal tender last year, but it has taken a significant loss, Bloomberg data shows.