Digital currency exchange Kraken will shut down its operations in Japan next month. In a blogpost on Wednesday, Kraken said it would stop crypto trading services through its Japanese subsidiary, ...
Sam Bankman-Fried offered lenders 20% returns in a scramble to rescue his crypto empire from an earlier crisis in 2018, report says
Troubles at FTX and its sister company Alameda Research predated events of 2022 leading to their total collapse, The Wall Street Journal reported.
Report: Baby Boomers Are Better than Younger Generations At Buying Crypto
Baby boomers are better at buying and trading crypto than millennials or Gen Z generations, according to a new report from Bybit and market research company Toluna. Specifically, baby boomers are 50% ...
Crypto collapses, Mone’s masks and golden goodbyes: the 2022 Observer business awards
The Conservative peer’s peerless public service work, Sam Bankman-Fried’s strange love life and Elon Musk, as usual, feature highly in this year’s prestigious honours list ...
Kraken Remains Committed to Accelerating Crypto Adoption, Despite Layoffs, Exiting Japan
Digital asset firm Kraken says it is still committed to accelerating cryptocurrency adoption, despite layoffs, and recent exit from Japan.
From TerraUSD’s meltdown to the collapse of a $32 billion crypto empire, here is a full timeline of the crypto market’s year in 2022
The industry endured a series of collapses, including FTX, algorithmic stablecoin UST, and centralized lender Celsius, to name just a few.
Much Crypto Trading On Unregulated Platforms Could Be Phony, New Research Shows
Up to four fifths of crypto trading on unregulated crypto exchanges may be phony, new research shows. “ [...] most major unregulated crypto exchanges feature excessive wash trading,” states the report ...
Charts of the year: the big moments for gilts, crypto and the dollar
Flinty hedge funds able to bet on the dollar and against government debt are among the few celebrating a good year. It has also been a year pockmarked by truly extraordinary events, in areas as staid ...
Troubles at Sam Bankman-Fried’s Alameda Began Well Before Crypto Crash
The trading firm took big gambles, winning some and losing plenty. Mr. Bankman-Fried remained deeply involved even after stepping down as CEO. There was a ‘complete lack of a risk-management framework ...
FTX Collapse Puts Crypto Industry on the Defensive in Congress
Prospects have faded for industry-backed legislation, and pressure is rising to tighten enforcement.
Bank of Japan considering raising inflation forecasts to near 2% target, Nikkei reports
The Bank of Japan (BOJ) is considering raising its inflation forecasts in January to show price growth close to its 2% target in fiscal 2023 and 2024, Nikkei reported on Saturday.
FTX’s Japanese users will be able to start withdrawing funds from February
FTX Japan says it is developing a system to resume withdrawals through the website of Liquid Japan, a crypto exchange it acquired earlier this year.
Bank of Japan may raise inflation forecasts to near 2% target, report says
The BOJ is considering raising its inflation forecasts in January to show price growth close to its 2% target in fiscal 2023 and 2024, Nikkei reported.
Japan’s Nikkei Stock Index Drops 9% in 2022 for 1st Yearly Fall in 4 Years
The benchmark Nikkei stock index finished the year down 9.4 percent on Friday, its first yearly fall in four years, as the result of aggressive monetary tightening by central banks offset the impact ...
Japanese blockchain developer EarlyWorks files for $16M US IPO
Japanese blockchain developer EarlyWorks (ELWS) has filed for a $16M US initial public offering. EarlyWorks didn't specify in its filing the number or price of the American Depositary Shares it ...
Uncertainty over Bank of Japan casts a shadow over markets
Lack of clarity on the successor to governor Haruhiko Kuroda adds to questions over yield control policy change ...