Bankman-Fried appeared in court wearing leg restraints and a prison outfit and his lawyer, Mark Cohen, said his requirements as a vegan were not being met: "Because he's following his principles, he is literally now subsisting on bread and water, which are the only things he’s served that he can eat, and sometimes peanut butter."
Biden administration unveils new crypto tax reporting rules
Cryptocurrency brokers, including exchanges and payment processors, would have to report new details on users' sales and exchanges of digital assets to the IRS.
SoftBank seeks to build investment war chest on back of Arm IPO
Some investors believe Son has been preparing since last year to make a transformational, large-scale acquisition in a bid to regain his footing in the tech sector. The Arm listing comes at a critical ...
Japan’s Nikkei falls 2% as Advantest, Tokyo Electron slump
TOKYO, Aug 25 (Reuters) - Japan's Nikkei stock average ended 2% lower on Friday, as chip-related heavyweights Advantest and Tokyo Electron dropped after a rally in Nvidia's U.S.-listed shares fizzled ...
Arm Expected To Imminently File Paperwork To Go Public—What To Know About The U.S.’ Biggest IPO In Two Years
SoftBank’s Arm is set for the biggest IPO since Rivian. Arm designs semiconductors and other microtechnology for computing and is currently owned by Japan’s SoftBank, which recently purchased ...
Circle’s CEO on the future of crypto regulation after the crypto winter and FTX’s failure in 2022
"A lot of the ideas that we have about how money moves around are going to change," Jeremy Allaire says on this week's Leadership Next podcast.
PEPE price tanks as developers move to dump the crypto token
Investors in crypto token PEPE, which shot up in value earlier this year, noticed that the developers are preparing to sell their holdings.
Mastercard ends Binance card partnership in latest blow to crypto giant
Mastercard will no longer offer Binance-branded cards in Latin America and the Middle East, which let customers user their crypto to purchase goods.
Japan to draw up stimulus package as soon as September
TOKYO -- Japanese Prime Minister Fumio Kishida will direct his government to draft a set of economic stimulus measures as early as next month, aiming to boost the country's growth potential and ...
Sushi, Bans, And Business: Japan’s Radioactive Water Release Sparks Concerns For US Seafood Traders
Japan’s decision to release treated radioactive water from the Fukushima nuclear power plant has sent shockwaves through the global seafood market. While the International Atomic Energy Agency vouches ...
SoftBank-backed Neumora Therapeutics files paperwork for U.S. IPO
Aug 25 (Reuters) - Biopharmaceutical firm Neumora Therapeutics, which is backed by biotech Amgen (AMGN.O) and Japan's SoftBank (9984.T), filed for an initial public offering of its shares in New York ...
Klaviyo files to go public in latest sign of life for IPO market
Klaviyo got its start in the e-commerce industry, helping businesses better target their email and text message marketing to shoppers.
Downside risk in crypto market is ‘limited’ after August correction, says JPMorgan
After the recent correction, however, most downside risk is behind us, according to JPMorgan. Late last Thursday the price of bitcoin dropped as much as 9% , briefly dropping below $26,000, following ...
Dropbox Is Dropping Unlimited Storage, Blames Crypto Miners
The major cloud storage platform said unlimited was made for businesses, but folks were apparently ‘pooling’ or even ‘reselling’ storage space.
U.S. Tackles Crypto Tax Mess
Long-delayed regulations would treat crypto platforms more like brokers who handle stocks and mutual funds.
Crypto Exchanges to Report Customer Data Under Treasury Proposal
US-based cryptocurrency exchanges, such as Coinbase Global Inc. and Kraken, would have to disclose detailed information on their clients’ transactions to the IRS starting in 2026 under a new Treasury ...