Digital assets' recent plunge in value underscores the need for risk management and regulation. Bit by bit, the pieces are coming together. ( read original story ...)
Littlewoods owner Very Group fuels IPO speculation as it names ex-Walmart exec Dirk Van den Berghe as chair
Dirk Van den Berghe helped run Walmart’s businesses in Canada, China, India and Japan, and oversaw the retail giant’s global sourcing ... ( read original story ...)
Bitcoin’s Near 40% Slide Weighs on Crypto Stocks While Coinbase Outperforms
Shares of crypto exchange Coinbase (COIN) have been an outlier, losing less than bitcoin. CoinDesk data show bitcoin, the largest cryptocurrency by market cap, has lost over 39% of its value since ... ( read original story ...)
Costa Rica hydro plant gets new lease on life from crypto mining
A small river in the middle of coffee plantations, sugar cane fields and a forest provides energy to a hydroelectric power plant in Costa Rica that feeds hundreds of computers wired up to the ... ( read original story ...)
SoftBank Makes $146M Bet on AI Firm Qraft
One of the largest tech investors globally, SoftBank, is investing $146 million in the South Korean AI company Qraft Technologies to help it expand into the U.S. ( read original story ...)
Daily Markets: Investors Once Again Take Advantage of Latest Dip
While the market open looks positive, investors will want to take note of Fed Chairman Jerome Powell’s testimony in front of the Senate Banking Committee at 10 AM ET this morning. While Powell's ... ( read original story ...)
Japan’s Sumitomo Mitsui Trust Bank, others invest $47 mn in DMI Finance
SuMi joins existing investors New Investment Solutions and NXC Corporation in the equity round, taking DMI Finance’s total equity base to $500 million (approximately ₹3,700 crore) ... ( read original story ...)
Japan Mobile Battery Market to Reach $1.43 Billion by 2030: Allied Market Research
Rise in demand for smartphones, tablets, and other electronic devices drives the growth of the Japan mobile battery market. However, the offline segment held the largest share in 2020, accounting for ... ( read original story ...)
Crypto Can’t Beat Gold as an Inflation Hedge, Says Barrick Boss
The world’s second-biggest gold miner is confident prices will hold firm this year, if not rise, as investors use the metal rather than cryptocurrencies to hedge against inflation and jewelry demand ... ( read original story ...)
Crypto CEO becomes one of the world’s richest billionaires
A cryptocurrency CEO has become one of the richest people on Earth. Changpeng "CZ" Zhao, who runs the crypto exchange Binance, has joined the ranks of the world's top billionaires, with an estimated ... ( read original story ...)
ATEO LAUNCHES A NEW SET OF GATEWAYS FOR CRYPTO EXCHANGES, YIELD AND CUSTODIAN PLATFORMS
ATEO, a leading provider of post trade solutions for financial markets, now offers connectivity to several crypto exchanges, yield and custodian platforms. The ever-increasing interest in ... ( read original story ...)
Asia-Pacific markets mixed; Japan’s Nikkei 225 down 0.85%, Hong Kong’s Hang Seng index up 0.37%
Tuesday's session in Asia followed overnight declines in the U.S. where the Dow Jones Industrial Average and S&P 500 fell. ( read original story ...)
Japan’s Inflation Expectations Jump to Highest Since 2008
Inflation expectations for Japanese households jumped to the highest in 13 years, showing how costlier energy is influencing sentiment even as overall price gains remain far below the Bank of Japan’s ... ( read original story ...)
NBFC DMI Finance Raises $47 Mn From 97-Year-Old Japanese Trust Sumitomo Mitsui
DMI Finance, the NBFC arm of the DMI Group has raised $47 Mn in an equity round led by Sumitomo Mitsui Trust Bank. ( read original story ...)
DMI Finance raises $47 mn in equity investment from Sumitomo Mitsui, others
Delhi-based DMI Finance Private Ltd (DMI Finance) has raised $47 million (Rs 352 crore) in equity investment from Sumitomo Mitsui Trust Bank Ltd and others to support business growth plans. DMI ... ( read original story ...)
Crypto, remote work set to fuel luxury house boom: report
Remote work and a surge of wealth created by cryptocurrency are fueling demand for luxury homes, according to a report. ( read original story ...)