The one constant in digital assets right now is fear and its latest object is Crypto.com, an exchange whose sponsorship of sports like Formula One racing and the soccer World Cup have popularized its ...
FTX’s bust and crypto crash come with two silver linings
Let's look at the bright side of the FTX-driven crypto crash to kick off what will likely be another long week for the industry. There are probably two positives worth considering here. First, the ...
Binance says ‘proof of reserves’ can restore trust in the crypto industry. What does that mean?
As the crypto industry faces a crisis of confidence, insiders argue over how to restore trust—and avoid a regulatory crackdown.
SoftBank won’t hasten exit from $1.8-billion holdings in Paytm, Policybazaar, Delhivery as lock-in expiry nears: Source
Japanese tech investor is sitting on net gains worth $160 million from venture investments worth $2.2 billion in the three unicorns; will look to pare stakes gradually over two years so as to not spar ...
Crypto.com says balance sheet strong, exchange not in trouble
Singapore-based crypto exchange Crypto.com's chief executive said the firm will prove all naysayers wrong on the platform being in trouble, and that it has a robust balance sheet and took no risks.
As regulators scrutinise FTX, investor focus swings to Crypto.com
The fallout from the collapse of crypto exchange FTX kept bitcoin and other cryptocurrencies under pressure on Monday, with market participants worrying about heavy withdrawals at Singapore-based ...
Crypto.com CEO Says Withdrawals Working, Will Continue to Work
Crypto.com Chief Executive Officer Kris Marszalek said withdrawals from the platform are working and will continue to work, moving to reassure markets unnerved by the sudden collapse of rival FTX.com.
US Treasury Secretary Yellen says the crypto market needs ‘very careful regulation’ amid FTX’s dramatic collapse
FTX filed for Chapter 11 bankruptcy on Friday and founder Sam Bankman-Fried resigned as CEO, capping a week of intense turmoil at the exchange.
Crypto.com CEO Dismisses Speculation of Financial Trouble, Says FTX Exposure Is Minimal
Expect a tough crypto winter, but Crypto.com isn’t going anywhere, CEO Kris Marszalek said during a live interview hosted on its YouTube ...
Softbank boss Masayoshi Son devotes himself to growing ARM for the next few years
Son next posed the question “how can we best use of ARM?” “In the coming few years, I only like to focus on this thing. So the next explosive growth of Arm is something that I would like to ...
Unicorn startup Darwinbox may go for IPO in next 3 years: Co-founder
The promoters of Darwinbox currently hold more than 30 per cent stake in the company while the rest is held by investors, including TCV, Salesforce Ventures, Sequoia, Lightspeed and Endiya Partners.
Unicorn startup Darwinbox may go for IPO in next 3 years: cofounder Rohit Chennamaneni
With the USD 72 million fundraising in January this year, Darwinbox's valuation crossed USD 1 billion thus placing it in the club of unicorns.
Japan’s Nikkei slides from 2-month highs; SoftBank drags
Japan's Nikkei index closed lower on Monday from a two-month high scaled in the previous session, as investors booked profits and market heavyweight SoftBank Group tumbled after its Vision Fund ...
Japan’s Biggest Bank Mitsubishi UFJ Reports 70.5% Slump in Q2 Profit
Mitsubishi UFJ Financial Group Inc, Japan's largest lender by assets, on Monday reported a 70.5% slide in second-quarter net profit because of another one-off loss related to the sale of U.S. unit ...
Hong Kong stocks rise 2% in mixed Asia session, Softbank shares drop 14%
Hong Kong's Hang Seng popped as Japan's benchmark index was dragged lower by tech giant SoftBank Group in a mixed Asia-Pacific session after closing the previous week with a big rally. The Hang Seng ...
How North Korea became a mastermind of crypto cyber crime
Cryptocurrency theft has become one of the regime’s main sources of revenue and underlines the lack of regulation of digital assets ...