Japan's Nikkei index rose on Wednesday as investors scooped up companies with an upbeat outlook, although the gains were capped by concerns around the U.S. consumer data. "Investors tried to look for ... ( read original story ...)
First Mover Asia: Crypto Market Decline Underlines Its Unpredictability; Bitcoin Holds at $31K
Here’s what’s happening: Prices: Bitcoin holds; other cryptos are mixed. Insights: Crypto prices are unpredictable. Technician's take: BTC's volume uptick is an initial sign of capitulation ... ( read original story ...)
Why crypto wants $500 million worth of Twitter
The crypto industry doesn’t want to be part of the conversation anymore. It wants to own it. That’s one way to read the latest bit of Twitter financing news, at least. When Elon Musk announced the ... ( read original story ...)
Dish’s upcoming wireless plan might let you buy an iPhone with crypto
Or imagine if you could turn your unused data into a real digital currency. Digital currency doesn’t necessarily imply crypto, but Stokols continues: “Imagine if you could leverage decentralized ... ( read original story ...)
How a crypto bank run in Terra’s UST could rock cryptocurrencies
Whether the stablecoin fully recovers or collapses, the ongoing battle could have a lasting impact on the crypto market. “Besides the obvious, real money and people’s livelihoods are at stake ... ( read original story ...)
Unstable Stablecoin: How Crypto’s Crash Broke The Buck For TerraUSD
Crypto critics who believe that the industry is nothing more than a series of intricate ponzi schemes are puffing their chests today. TerraUSD (UST), a digital token with a $16 billion market ... ( read original story ...)
Republic’s venture arm reportedly raising $700 million for crypto-focused funds
Private investment platform Republic’s ~$1 billion venture arm is reportedly in talks to raise $700 million for two new crypto-focused funds, according to Axios. The funds include a $200 million ... ( read original story ...)
Crypto exchange Coinbase revenue drops 35% as retail interest slows
Coinbase Global Inc reported a 35% drop in revenue for the first quarter on Tuesday as extreme market volatility drove investors to scale back their exposure to risky assets, crimping trading volumes. ( read original story ...)
Today’s Top 3 Crypto Gainers: Flow Surges on $725 Million Ecosystem Fund
Flow, Maker, and Polygon are all up today. The company behind Flow announced a fund to incentivize development. Find out what's driving today's other top gainers. ( read original story ...)
Japanese government debt hits record ¥1 quadrillion as leaders struggle to correct course on spending
The build up of debt is a symptom of the increased pressure on the Japanese social security system and expensive COVID-19 spending during the height of the pandemic, as well as aggressive banking ... ( read original story ...)
Japan FY2021 long-term debt hits new high above ¥1,000 tril
The balance of long-term Japanese government debt surpassed 1,000 trillion yen ($7.7 trillion) for the first time in fiscal 2021 ended in March to reach its highest-ever level, the Finance Ministry ... ( read original story ...)
Japan’s long-term debt hits fresh high above 7.7 trillion USD in fiscal 2021
The balance of long-term Japanese government debt exceeded 1,000 trillion yen (7.7 trillion U.S. dollars) for the first time in the fiscal year of 2021 to reach its highest-ever level, the Finance ... ( read original story ...)
Bitcoin: Where’s the Bottom for the Key Crypto?
The crypto market has lost almost $1.5 trillion since November. How long will the correction continue? ( read original story ...)
Crypto assets shed $800 billion in market value in a month
May 10 (Reuters) - Crypto assets bled nearly $800 billion in market value over the past month, touching a low of $1.4 trillion on Tuesday, according to data site CoinMarketCap, as the end of easy ... ( read original story ...)
More than $700M worth of crypto liquidated during the past 24 hours
The Bitcoin plunge does not show any signs of cooling down. On May 9, Bitcoin created a 6th consecutive red weekly candle. ( read original story ...)
Crypto can be a driver for racial equity
While it’s clear they are driving mainstream adoption, there is a lot of speculation about why Black and Latino people are so interested and involved in the crypto industry, which includes bitcoin, ... ( read original story ...)