Covid-19, crashing property values, inflation, Nancy Pelosi, you name it. But the Chinese president’s biggest problem might be in Tokyo. Something strange is going on amongst Chinese banks: a whole ...
No worries about U.S. demand for now, Japan’s Subaru says
Japan's Subaru Corp expects strong demand from U.S. car buyers to continue, a senior executive said on Wednesday, amid growing concern about a slowdown in the world's largest economy. Chief Financial ...
Japan’s Nikkei rises as investors pick up firms with positive earnings
Japan's Nikkei index ended higher on Wednesday, rebounding from the previous session's losses, as investors scooped up shares of Daikin Industries and other firms that reported robust earnings. The ...
New York regulators slap Robinhood’s crypto business with $30 million fine
In the latest in what seems to be a string of challenges the company has to grapple with, Robinhood's crypto division has been slapped with a $30 million fine by the New York State Department of ...
Are There Opportunities In Emerging Markets, Metaverse Or Crypto Right Now? What Legendary Investor Mark Mobius Thinks
Emerging markets expert and founder of Mobius Capital Partners, Mark Mobius, is not piqued by the metaverse but thinks the companies that are creating it could be an interesting opportunity. He also ...
Two Orange County men sentenced to federal prison for $1.9-million crypto scheme
The men conned more than 2,000 investors into buying a cryptocurrency called Drops and used the invested money to line their own pockets, prosecutors said.
The crypto crash is bad news for ransomware criminals
As the price of bitcoin and other crypto tokens has tumbled, even criminals have felt the pinch. Benjamin Pimentel ( @benpimentel) covers crypto and fintech from San Francisco. He has reported on many ...
Robinhood lays off 23% of its staff, blaming crypto meltdown and inflation.
Robinhood declined to comment on the layoffs. The announcement followed closely on the heels of cuts in April, when Robinhood laid off 340 workers, or about 9 percent of its employees at the time.
NY fines Robinhood Crypto $30M for skirting banking rules
An examination of operations found the company's compliance with banking regulations had not kept up with growth.
Japan’s Nomura Q1 Net Profit Slumps 96.5% on Market Headwinds
Nomura Holdings Inc, Japan's biggest brokerage and investment bank, on Wednesday reported a 96.5% drop in first-quarter net profit as financial market turbulence battered investment banking and asset ...
Global Deployment of Daigas Group’s Onsite Hydrogen Generation Technology with Hyundai Rotem Company
Daigas Gas and Power Solution Co., Ltd. ("DGPS"), a 100% subsidiary of Osaka Gas Co., Ltd. (TOKYO: 9532), has established an expanded business collaboration for onsite hydrogen generator technology ...
Japan’s Nikkei rises as investors hunt for firms reporting positive earnings
Japan's Nikkei index rose on Wednesday, recouping some of the previous session's losses, as investors scooped up shares of Daikin Industries and other firms that reported robust earnings. "Investors ...
Nomad Hack Allowed ‘Mob’ of Users to Drain Bridge of $190 Million in Crypto
An initial Monday hack led to a frenzied rush of hackers and regular users as they robbed the bridge of millions of dollars in several different crypto tokens.
Nomad said it was the crypto ‘gold standard.’ Hackers stole $190 million from it.
The cross-chain bridge just announced a fundraising round, claiming it would build "a safer crypto ecosystem." ...
Nomad Crypto Bridge Is Target of $200 Million Hack
Nomad, which enables crypto holders to swap their tokens among blockchains, was the target of hackers who pillaged about $200 million, reports say.
SEC: Crypto fraudsters raised $300M with “textbook pyramid and Ponzi scheme”
The US Securities and Exchange Commission yesterday filed a lawsuit against 11 people accused of creating and promoting a crypto pyramid and Ponzi scheme known as "Forsage." The fraudulent scheme ...