Sumitomo Mitsui Financial Group Inc, Japan's second-largest bank, on Monday reported an 8.0% increase in second-quarter net profit and raised its profit outlook as improved economic conditions have ...
Bank of Japan chief vows to maintain easing, watch impact of global tightening
The Bank of Japan will maintain an ultralow rate policy amid heightened uncertainty over the global economy caused by policy tighteni ...
Binance CEO says crypto industry needs clarity of regulations
Dominant cryptocurrency exchange Binance's chief executive Changpeng Zhao called for new but stable and clear regulations for the industry, in light of recent developments and participants "cutting ...
Japan’s Nikkei falls from 2-month high as SoftBank tumbles
Japan's Nikkei share average fell on Monday from a two-month high hit in the previous session, as investors chose to book profits and market heavyweight SoftBank Group tumbled after its Vision Fund ...
Bank of Japan’s Kuroda again cautions against sharp yen weakness
Bank of Japan Gov. Haruhiko Kuroda on Monday reiterated his caution about rapid yen weakness and promised to maintain close coordination with the government.
Japan working on arranging summit meeting with China’s Xi
Japan is working on arranging a summit meeting between Prime Minister Fumio Kishida and Chinese leader Xi Jinping, Japan's top government spokesperson said on Monday, without elaborating.
‘It all fell apart’: How a ‘crypto saviour’ lost $16bn in just one day
An ‘altruistic’ crypto billionaire who promised to give away his $16bn to charity saw 90 per cent of his fortune wiped out in a single day and his companies forced into bankruptcy, in the process ...
Crypto.com’s errant $405M transaction triggers investors after FTX fiasco
Some crypto watchers scrutinizing the transaction speculated it was an attempt to fluff trading volumes. Complicating the hoopla, the analyst who first caught the transaction turned out to be an ...
EXPLAINER: What’s happening at bankrupt crypto exchange FTX?
The imploding cryptocurrency trading firm FTX is now short billions of dollars after experiencing the crypto equivalent of a bank run. The exchange, formerly one of the world's largest, sought ...
Crypto Exchange FTX’s Collapse Now Being Investigated by Bahamas Police
The platform’s new chief executive, John J. Ray III, said in a statement that FTX was working with law enforcement and “making every effort to secure all assets, wherever located.” ...
FTX saga unravels more after the crypto exchange’s bankruptcy filing
Since the filing that included 135 affiliated companies, millions of dollars in crypto have been stolen from the company.
USDJPY traces firmer yields to print mild gains around 139.50, focus on G20, Japan GDP
USDJPY snaps two-day downtrend at the lowest levels since late August. Yields prints corrective pullback from monthly low but talks of Fed pivot test bond sellers. BOJ’s defense of easy-money policy, ...
Crypto.com sent $400 million to the wrong recipient, but got it back this time
While Gate.io published its asset audit snapshot on October 19th and, clarified that “Crypto.com’s deposit was not included,” Crypto.com provided partial proof of reserves o ...
Crypto Crisis: Billionaire Mark Cuban Attacks the System
The financial woes of the company, which was valued at $32 billion in February, surprised many, as the firm and its CEO and founder Sam Bankman-Fried, had emerged as the saviors of many struggling ...
Crypto Crisis: At Least $1 Billion of FTX Customers’ Money Vanishes
Fried, FTX CEO and founder, also had a secret "back door" to transfer billions, Reuters reports.The secrets of cryptocurrency exchange FTX, which filed for Chapter 11 bankruptcy on November 11, ...
Crypto.com Withdrawals Rise After CEO Admits Transaction Problem
Customers pulled funds from Crypto.com after the company’s chief executive said the cryptocurrency exchange mishandled a roughly $400 million transaction.