Justin Sun’s strategy for boosting the exchange’s revenue includes a novel way around Beijing’s cryptocurrency trading restrictions.
SoftBank-backed Oyo to reduce planned IPO by about two-thirds amid tech headwinds
The company was targeting a valuation of about $9 billion and updated its IPO documents in early 2022, but SoftBank later that year reduced its estimate for Oyo to $2.7 billion. The IPO valuation will ...
Oyo plans to cut IPO size amid tech headwinds
In the filing, Oyo will outline plans to sell just a third of the new shares it originally planned, eroding the amount of fresh capital it is expected to receive, one of the people said. The plan ...
Japan’s ex-bank regulator urges lenders to scrutinise portfolios amid market rout
TOKYO: Japanese banks should scrutinise their foreign currency-denominated portfolios and holdings of low-liquidity assets in the wake of the recent global market rout, Tokio Morita, former executive ...
Weekly Forex Forecast – NASDAQ 100 Index, Gold, Bitcoin, USD/JPY
Long Bitcoin against the USD – the price declined over the week by 2.20%. Long Japanese Yen against the USD – the price rose over the week by 0.83%. Long of the NASDAQ 100 Index following a daily ...
G7 nations set to push for stricter cryptocurrency regulations at Japan summit in May
The Group of Seven industrial countries will discuss tougher rules on cryptocurrencies to improve transparency, protect investors.
Japan’s Nikkei bounces as weaker yen lifts sentiment; banks weigh
Japan's Nikkei index rose for the first time in three days on Monday, with a weaker yen boosting sentiment in the exporter-heavy market, but worries about a global banking crisis weighed on financial ...
Vietnam’s VPBank Sells $1.5 Billion Stake to Japan’s SMFG Unit
Vietnam Prosperity JSC Bank sold a 15% stake to Japan’s Sumitomo Mitsui Financial Group Inc. for about $1.5 billion, marking the end of a years-long sale process.
Japan’s Nikkei rebounds as weaker yen boosts sentiment; banks weigh
Japan's Nikkei index edged higher on Monday, with a weaker yen boosting sentiment in the exporter-heavy market, but continued worries about a global banking crisis weighed on financial shares, capping ...
Crypto groups expand in Hong Kong in bid to tap mainland China demand
Cryptocurrency companies are rushing to Hong Kong in the hope that the city’s high-profile push to become a hub for digital assets will help them to capture demand from mainland China to buy and sell ...
Canada’s Bankrupt ‘Crypto King’ Kidnapped, Tortured, Held for $3 Million Ransom
Canada’s self-proclaimed "Crypto King" Aiden Pleterski was kidnapped, tortured, and held for ransom after allegedly fleecing investors out of millions, court documents filed earlier this month claim.
Japan public approval for PM Kishida’s cabinet rises to near 50%, poll shows
Japanese public support for the cabinet of Prime Minister Fumio Kishida rose to 48%, exceeding the disapproval rate for the first time in seven months, the Nikkei newspaper reported on Sunday, citing ...
IPO Update: Azitra Readies $12 Million IPO Effort
Azitra (AZTR) has filed to raise $12 million in an IPO of its common stock, according to an amended F-1 registration statement. The biopharma firm is developing drug treatment candidates for ...
When the tech IPO market reopens, keep an eye on HR unicorns
The back half of 2023 is expected to unlock the technology IPO market. Whether the public-offering window opens later this year or early in 2024, TechCrunch+ expects to see a few familiar names in ...
Japan’s tech giant Fujitsu sets sights on crypto trading
Fujitsu, a prominent technology company based in Japan, has revealed that it intends to participate in the trading of cryptocurrencies, adding its name to the ever-expanding list of significant ...
G7 to collaborate on tighter crypto regulation: Report
The next G7 meeting, in May, will see a push from the seven biggest democracies for tougher regulations on cryptocurrencies.