Japan's economy shrank an annualised 2.2% in January-March, unchanged after a second revision, data from the Cabinet Office showed on Monday. The additional revision for gross domestic product (GDP) ... ( read original story ...)
Venture Firm Electric Capital Announces $110 Million Fund For Crypto Networks & Blockchain Businesses
Electric Capital, a venture firm that invests in cryptocurrencies, blockchain-based businesses, fintech companies, and marketplaces, announced on Monday the closing of its second fund, a $110 million ... ( read original story ...)
Teen Crypto Entrepreneurs May Be The Real Adults In The Room
These teen crypto entrepreneurs are building a business based on transparency with users and a thoughtful approach to risk. In crypto, that may just make them the real adults in the room. ( read original story ...)
Crypto Venture Fund Raises $110 Million From Universities
Electric Capital, a San Francisco-based venture fund, said it will use $110 million raised from university endowments and other nonprofits to invest in cryptocurrencies and related businesses. ( read original story ...)
The Financial Action Task Force published a 12-month review of crypto standards
The FATF's review measured the progress from jurisdictions and the private crypto sector in implementing the intergovernmental revised standards. ( read original story ...)
Japan’s Mitsubishi UFJ Trust to bolster testament business with will-making app
The trust banking arm of Mitsubishi UFJ Financial Group Inc plans to strengthen its testament business with a new app in September aimed at giving Japan's aging population experience in crafting a ... ( read original story ...)
Crypto Firm Hacked for $1.4M Admits It Will Struggle to Reimburse Users
Madrid-based payment app and card issuer 2gether said it can only reimburse investors with its native tokens following Friday’s hack. ( read original story ...)
Where FATF Crypto Compliance Gets Interesting: Africa
Crypto businesses seeing strong growth across the 54-country continent are working hard to meet the FATF's anti-money laundering standards. ( read original story ...)
New York Times move shows Seoul ready to rival Tokyo as Asia hub
The Wall Street Journal, for example, is "considering" Tokyo as an option for some of its Hong Kong-based staff, according to two employees familiar with the matter. Japanese Finance Minister Taro ... ( read original story ...)
Japan’s Economy Shrinks at Same Pace in Q1 as Capex Holds Up
Japan’s economy shrank at the same pace as previously estimated in the first quarter, according to a further revision of data that continued to show the country was in a recession before the pandemic ... ( read original story ...)
Japan First Quarter GDP Unchanged at 2.2% Annualised Contraction After Second Revision
The additional revision for gross domestic product (GDP) compared with economists' median forecast for a 2.8% contraction in a Reuters poll. On a quarter-on-quarter basis GDP shrank 0.6%, also ... ( read original story ...)
Japan Q1 GDP unchanged at 2.2% annualised contraction after 2nd revision
Japan's economy shrank an annualised 2.2% in January-March, unchanged after a second revision, data from the Cabinet Office showed on Monday. The additional revision for gross domestic product (GDP) ... ( read original story ...)
Crypto Long & Short: Does Decentralization Create Value or Destroy It?
This week, bitcoin rallied past $11,000 and value in DeFi climbed toward $4 billion. But what's the point of crypto if regular markets are just as volatile? ( read original story ...)
Japan’s Finance Ministry: Govt, BOJ to work together as needed while examining market moves
Bank of Japan (BOJ) and Financial Services Agency (FSA), a top currency official Okamura said that the govt and BOJ ... ( read original story ...)
A Massive Bitcoin Flash Crash Just Created $1 Billion Of Crypto Chaos
The bitcoin price has now bounced back to trade at around $11,300—but not before more than $1 billion of bitcoin positions were liquidated across various crypto ... ( read original story ...)
New leader of Japan’s FSA well versed in global affairs
TOKYO -- Ryozo Himino is set to take the initiative in updating the administration and regulation of Japanese finance in line with global trends as new chief of the Financial Services Agency. ( read original story ...)