Japan carried out "stealth" foreign exchange interventions twice in October with a record 5.62 trillion yen ($42 billion) spent on one of the days to stem the yen's rapid fall against the U.S. dollar, ...
Japan Stepped Into Forex Market Twice in October to Prop Up Yen
Japan stepped into the foreign exchange market three times in total last year, according to a fuller picture of the government’s latest intervention strategy to counter the yen’s historic fall.
Crypto exchange Binance will suspend U.S. dollar transfers
Binance will suspend U.S. dollar withdrawals and deposits for international customers beginning Feb. 8, the company said. Last month, Binance banking partner Signature Bank raised transaction minimums ...
Winklevoss twins’ crypto exchange Gemini to contribute $100 million to Genesis bankruptcy recovery
Gemini, the crypto exchange controlled by the Winklevoss twins, will contribute $100 million in cash to a recovery plan for bankrupt crypto lender Genesis.
Bank of Japan’s yield targeting suppresses speculation in JGB futures
The Bank of Japan's aggressive market operations to defend its policy band for yields has not only sapped liquidity in the government bond market but also drastically limited scope for speculation in ...
Yen hits 1-month low vs. dollar on report over new Bank of Japan governor
The yen hit a one-month low around the mid-132 range against the U.S. dollar on Monday after a report over the next Bank of Japan chi ...
Crypto layoffs rose 8 to 13 times above average following fallouts
The crypto sector posted layoff numbers ranging 8-13 times above average following the collapses of Terra and FTX, according to a recent CoinGecko study.
Idorsia shares sink on ‘unexpected’ failure of drug study
The Actelion spinout’s drug clazosentan, which is approved for use in Japan, didn’t significantly outperform a placebo in a Phase 3 study of patients with a particular type of stroke.
Bitcoin struggles around $23,000 level as new-year rally loses steam
The price of bitcoin dipped below $23,000 over the weekend as investors digested the latest U.S. employment numbers and looked toward a batch of Federal Reserve member speeches. Bitcoin fell as low as ...
Crypto Market Sentiment Improves as Investors Await the Fed’s Next Move
This is different to the end of last year and the start of 2023, when investors were pulling money out of exchange-traded products and similar crypto investment vehicles, mainly down to a brutal bear ...
Crypto Ads Are Out at This Year’s Super Bowl
Busch, gave up its deal to be the exclusive alcohol shilled during the football game’s coveted commercial time, helping usher in a banner year for booze advertising. While the 2022 Super Bowl saw ...
Crypto industry will ‘come up with new things’ and national digital currencies are moving ahead despite recent turmoil, BIS says
"I would assume that the industry will learn from these failures and they will come up with new things," head of the BIS Innovation Hub told Reuters.
FTX has chased politicians like Nancy Pelosi to return donations given before the crypto giant’s collapse. They now have a deadline of February 28 to pay.
FTX previously asked for the money to be returned in December; donor recipients now have until the end of February to return funds.
Crypto firms face big penalties, including jail time, for unauthorized ads following the FTX disaster, UK financial regulator says
Breaches of the new financial promotions guidelines can lead up to a two-year prison sentence, according to the UK regulator.
How Investors Can Improve Crypto Due Diligence
In the aftermath of FTX, whose management team and structure allegedly managed to deceive some of the largest venture capital firms in the world, the importance of due diligence in the crypto space ...
Crypto’s 2023 Job Cuts Run Into Thousands After Just Five Weeks
Crypto companies are continuing to shed workers around the world in the aftermath of last year’s bear market, taking job losses in just the first five weeks of the year into the thousands.