Silvergate Capital, a publicly traded crypto bank, shared that it would “wind down operations and voluntarily liquidate” its bank division. The move from the California-based firm followed a run that resulted in it selling off assets at a huge loss to cover over $8 billion in withdrawals amid the broader crypto ecosystem meltdown.
Ispace Plans IPO Just Weeks Before Moon Landing
Ispace sees an opportunity to raise money from a public market. Credit: ispace Ispace, which has a lander en route to the Moon, plans to list its shares on the Tokyo Stock Exchange Growth Market on ...
Bira parent raises $10 mn from MUFG Bank
B9 Beverages, which owns Indian craft beer brand Bira 91, has raised $10 million from Japan's largest bank MUFG Bank, months after it secured $70 million in a Series-D funding round, which was led by ...
Japan Finance Minister expects BOJ to work closely with govt
Reuters reported that Japanese Finance Minister Shunichi Suzuki said on Friday he expected the central bank to guide policy appropriately in close coordination with the government, taking economy, ...
The Crypto Space Has Launched A New Coin Called JP With Japanese Coin Listing Site Called Jptoken
The Company will be constantly developing JP and JPToken so that the company can adapt to the ever-changing crypto world. Japan has something exciting to look forward to with these releases.
Crypto exchanges could face possible class-action lawsuit
Securities lawyer Tom Grady, known as one of the nation’s leading investment fraud attorneys, is preparing for potential litigation against the nation’s biggest crypto exchanges
Crypto investors could be about to lose a big tax loophole as part of Biden’s new budget proposal
Biden will propose changing the tax treatment of cryptocurrency transactions, which could raise $24 billion, The Wall Street Journal reported.
Wells Fargo says buy Signature Bank, the ‘last game in Crypto-town’
Signature Bank is one of the last remaining on-ramps between fiat currency and cryptocurrency after the liquidation of competitor Silvergate.
Top Fed official compares crypto assets to tulip frenzy
In his address, Barr remarked that crypto assets weren't just used by people with ample money for speculation but also by people with limited savings, citing that one-fifth of Ame
Crypto bank Silvergate collapses; HS2 delayed; US jobless claims jump – as it happened
Rolling coverage of the latest economic and financial news, as crypto turmoil leads to an “‘orderly wind down’ and ‘voluntary liquidation’ of Silvergate bank
Bitcoin, ether fall after go-to crypto bank Silvergate announces liquidation
Crypto prices fell Thursday after Silvergate announced its decision to wind down operations and voluntarily liquidate.
Crypto bank Silvergate’s ‘collywobbles’ could add to industry’s woes
Crypto bank Silvergate bit the dust this week, leading some analysts to forecast bigger problems for the overall ecosystem
A Coinbase exec tried to tell a crowd of bankers that crypto is ‘the money of tomorrow’—and was immediately shot down by an ECB director on stage
The world according to Coinbase frames cryptocurrency in an unsurprisingly optimistic light: It's the "money of tomorrow", a form of payment that is more efficient, transparent and fair. The problem is some experts keep saying crypto isn't real money.
Japan to boost scrutiny over foreign investments in chips, batteries
Japan plans to add nine new fields, including semiconductors and storage batteries, to the list of "core" business sectors that require tougher pre-screening for foreign investors, the Finance ...
Mt. Gox customers will have to wait until November before any lost Bitcoin funds are returned
Almost a decade on, customers of collapsed crypto exchange Mt. Gox could see some of their Bitcoin funds returned by the end of the year.
Counting Crypto On An Exchange
Crypto exchange wallets and apps look and feel like banking products, so many investors just assume that these platforms must abide by the same types of laws and regulations. But that is not true. What’s more,