Banks across the globe have decreased their exposure to certain cryptocurrencies by as much as 43.6% in 2022, according to a new report by the Bank for International Settlements (BIS).
Three Japanese Banks Start Stablecoin Experiment
Three Japanese banks are to experiment with stablecoin payments as they work to implement a system that meets legal requirements, according to a Thursday press release. Tokyo Kiraboshi Financial Group ...
Latest Crypto News: Former FTX Director of Engineering Pleads Guilty, 83% Of Japanese Traders To HODL Cryptos
HODL remains relevant in 2023 amidst Bitcoin's latest bout of volatility. Zero Accel surveyed 330 crypto holders in 47 Japanese provinces in January 2023, and 82.7 per cent of them said they “intend ...
Who is Monkey? The notorious crypto scammer, who drained over $24 million and inspired a legion of copycats, has disappeared
Fortune Crypto provides smart and timely news about Bitcoin, Ethereum and how startups and big companies are using blockchain to transform finance and investing.
Japan stocks lower at close of trade; Nikkei 225 down 0.06%
Investing.com – Japan stocks were lower after the close on Thursday, as losses in the Retail, Pharmaceutical Industry and Gas&Water sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell ...
Ex-BOJ chief sees “modest” effect in Japan’s massive monetary easing
Former Bank of Japan Governor Masaaki Shirakawa has criticized the powerful monetary easing undertaken by his successor and current chief Haruhiko Kuroda, saying its impact on inflation and economic ...
Inflation’s direction will drive crypto’s action in March now that the 2023 rally has faded
If we're right and more upside lies ahead in the near term, it's tough to think crypto isn't a major beneficiary." What to watch Though industry developments accounted for much of the trading action ...
Silvergate’s Worsening Crypto Losses Feed Watchdogs’ Worst Fears
For months, US authorities have been racing to sever ties between banks and risky crypto ventures, worried the financial system could someday suffer serious losses. They may have been too late.
Binance to revive bid for Singapore crypto permit -Nikkei
Crypto exchange Binance will have its custodial arm apply for a permit to offer cryptocurrency services in Singapore "in due course", Nikkei Asia reported on Thursday, citing executives from the unit.
Analysis: Australia’s DIY pension funds lose millions on crypto bets, investors not sweating it
Thousands of Australians who used do-it-yourself (DIY) pension funds to bet on cryptocurrencies face hundreds of millions of dollars in losses, jeopardising their savings in a scheme originally set up ...
Ditching bond yield cap will be tricky task for new Bank of Japan governor
Kazuo Ueda has hinted that ‘yield curve control’ is unlikely to survive in its existing form once he takes the helm ...
Coinbase Blockchain Plan Gets Warm Reception; Success Hinges On Converting Crypto Diehards
The company has been trying to move beyond its core exchange business. It’s latest effort is to build a new Ethereum network called Base to become a hub of blockchain activity.
Japan’s Nikkei erases early gain as Tesla, Fed worries weigh
Japan's Nikkei share average flipped to a small loss in morning trading on Thursday, weighed down by a disappointing Tesla investor day and the risk of a more hawkish Federal Reserve. The Nikkei lost ...
Japan firms add to spending despite global slowdown, weak yen
JAPAN’S businesses continued to increase spending for five straight quarters despite headwinds including a global economic slowdown, an outcome that may nudge up last quarter’s economic growth figures ...
Japan firms’ pretax profits drop in Oct.-Dec. for 1st time in 8 qtrs
Pretax profits at Japanese companies in October to December fell 2.8 percent from a year earlier, marking the first decline in eight ...
Softbank-Backed Arm Rules Out UK Listing for Now to Focus on US IPO
Arm Ltd. has decided against selling shares on the London Stock Exchange for now, dealing a blow to UK politicians who were lobbying the home-grown technology giant ahead of its initial public ...