Japanese shares extended gains to a third session on Tuesday, as a strong Wall Street finish overnight and expectations of robust corporate earnings lifted sentiment, and as investors snapped up ... ( read original story ...)
Japan’s top currency diplomat says weak yen has merits and demerits for economy
The boost a weak yen gives to Japan's export volumes has declined compared with the past, as manufacturers target shipments to high-end, state-of-the-art products overseas rather than compete with ... ( read original story ...)
Tom Brady’s Favorite Crypto Firm Sees Its Valuation Soaring to $32B
The news will no doubt revive questions about the formation of a bubble in the cryptosphere: FTX Trading, one of the largest cryptocurrency exchanges, saw its valuation gain $7 billion in just over ... ( read original story ...)
Wealth Inequality Drives the Appeal of Crypto
While I was preparing this week’s newsletter about the cultural economics of cryptocurrency and blockchain, crypto trading tanked. Suddenly, my concerns about how different groups of people have ... ( read original story ...)
Here’s Why Crypto Is Drawing Parallels to 2008 Financial Crisis
Lennon’s son mints Beatles NFT’s, Portnoy buys the dip in Bitcoin and an economist draws parallels to cryptocurrency and the housing crisis. Watch the Crypto Minute Monday. ( read original story ...)
Expectations for Tokyo as a Global Financial City
What are the keys to ensuring Tokyo's growth as a leading global financial city? Hideto Fujino, representative director, chairman, president, CEO and chief investment officer of Rheos Capital Works ... ( read original story ...)
Former Bank Of Japan Official Says CBDC Is A Threat To Country’s Financial Stability
Bank of Japan’s (BOJ) former head of financial settlements has changed his mind about creating a central bank digital currency (CBDC). What happened: According to a Japan Times report, Hiromi Yamaoka ... ( read original story ...)
CBDC’s Could Damage the Economy, says Ex-Bank of Japan Official
Hiromi Yamaoka believes that applying interest raytes to CBDCs could end up triggering fears over the stability of Yen’s value ... ( read original story ...)
FTX valued at $32bn as blue-chip investors pile into crypto groups
Cryptocurrency exchange FTX has been valued at $32bn in a new funding round announced on Monday, as blue-chip investors continue to pile into the hype-fuelled sector. Japan’s SoftBank and Canada’s ... ( read original story ...)
7 Crypto Projects That Were Total Scams (January 2022 Edition)
We’re taking a look at the biggest crypto scams of the month. And it should probably be noted this isn’t necessarily a comprehensive list. These are just the largest scams we came across. Be careful ... ( read original story ...)
Ukraine is going all-in on becoming the world’s premier crypto superpower. Now the Russia crisis is scaring investors
Ukraine was hoping to be the main DeFi hub of the world, but will rising border tensions stop their ambitious crypto plans from coming true? ( read original story ...)
Binance is reportedly building a $1 billion insurance fund to counter crypto hacks
Binance on January 29 also restricted 281 personal Nigerian accounts, with approximately 38% of these at the request of international law enforcement. ( read original story ...)
Fireblocks raises $550 million amid surging crypto infrastructure funding
US-based crypto as a service platform Fireblocks raised $550 million in Series E funding, quadrupling its valuation to $8 billion from six months ago. ( read original story ...)
January Selloff Wiped $500 Billion Off Crypto Market Cap
Since the beginning of the year, the market value of cryptocurrencies has decreased by approximately $500 billion, plummeting from $2.2 trillion to $1.68 trillion. ( read original story ...)
Billionaire Bankman-Fried’s Crypto Exchange FTX Lands $32 Billion Valuation And $400 Million In New Funding
In its third funding round in six months, FTX Trading, one of the world's busiest cryptocurrency exchanges, has raised another $400 million in new investments, the firm announced Monday morning, ... ( read original story ...)
Terra’s luna crypto coin slides 10% after DeFi project Wonderland collapses in controversy
Terraform Labs' luna coin fell sharply on Monday as controversy enveloped DeFi platform Wonderland, denting related tokens in the ecosystem. ( read original story ...)