The Winklevoss twins’ crypto exchange drew investors to its dollar-pegged stablecoin GUSD by promising tantalizing rates of return. Now those funds are frozen, and demand for Gemini Dollars is plunging.
Mazars Group suspends all work with crypto clients including Binance, Crypto.com, citing concerns over public perception of proof of reserves
Accounting firm Mazars Group has suspended all work with its crypto clients, according to its former client and the world's largest crypto exchange, Binance.
Crypto’s Post-FTX Crisis Is Laid Bare as Trading Volumes Plummet by 50%
Trading volumes at digital-asset exchanges have halved amid a loss of confidence in the crypto sector following the collapse of Sam Bankman-Fried’s FTX platform.
Crypto trader Amber raises $300M as it seeks protection for FTX-hit customers
Amber Group, a Sequoia- and Temasek-backed crypto trading firm, has closed a hefty $300 million Series C funding round as the collapse of FTX shakes the crypto world. The news, which the Singapore-based firm announced on Twitter Friday morning,
Japan Finance Minister Suzuki rules out extra debt issuance for defence plan
Japan's government is not considering issuing extra bonds to cover a planned increase in defence spending, Finance Minister Shunichi Suzuki said on Friday, pledging to remain fiscally disciplined.Suzu ...
Japan’s Nikkei ends at one-month low on slowdown worries
Japan's Nikkei index closed at its lowest in more than a month on Friday, tracking sharp declines on Wall Street overnight, as interest rate hikes by major central banks fuelled fears of an economic ...
Roundup: Japan’s Nikkei drops to 1-month low on Europe, U.S. recession woes
Japan's benchmark Nikkei stock index closed at its lowest in more than a month on Friday, dragged down by Wall Street's drop overnight, as interest rate hikes by major central banks raised concerns ...
Tokyo will require new housing projects to install solar panels starting in 2025
Many new homes built in Tokyo will require solar panels to be installed starting in April 2025, Kyodo News has reported. The local assembly passed new regulations requiring major construction ...
Japan approves long-range weapons to counter growing threats from rivals
The Prime Minister earlier in December instructed his defense and finance ministers to secure funds to increase Japan’s defense budget to 2% of current GDP in 2027, according to Defense Minister ...
Counterstrikes And Controversy: Japan’s Defence Overhaul
Japan's constitution limits military spending to nominally defensive capabilities AFP. Japan has laid out plans to expand its defence capabilities drastically over five years. The ...
Japan set to ease 30% crypto tax on paper profits for token issuers
The legislation will remove the requirement for crypto companies to pay taxes on paper gains from tokens that they have issued and held.
Japan plans to ease corporate tax rates for cryptocurrency issuers
Japan’s ruling party approved a proposal that exempts companies issuing crypto from taxes on unrealized gains on retained tokens.
No signs of crypto spilling over into traditional assets – yet, analyst says
There are "no signs of spillover" from cryptocurrency into more traditional assets, according to an investment analyst from AJ Bell.
Japan’s Nikkei ends at 1-month low on recession fears in US, Europe
Japan's Nikkei index fell sharply to end at a one-month low Friday, as fears spread over a potential recession in the United States a ...
Japan’s Nikkei falls to 1-week low on fears of economic slowdown
TOKYO: Japan’s Nikkei share average fell to a one-week low on Friday, tracking the sharp declines overnight on ...
Japan’s 20-year bond yield hit 3-week high after weak auction demand
Japanese government bonds rose to its highest in more than three weeks on Friday, after weak outcome of an auction in the previous session. The 20-year JGB yield rose 2 basis points to 1.125%, its ...