A California man pleaded guilty to a cryptocurrency mining fraud of at least $722 million that prosecutors said amounted to a “high-tech Ponzi scheme.” ... ( read original story ...)
The Crypto-Dollar Surge and the American Opportunity
The U.S. has much to gain from being the steward of a politically neutral payments technology, even if it means giving up power over the financial system. ( read original story ...)
Davey Day Trader Portnoy says crypto is boring right now
He then proceeded to beg crypto traders to switch to the stock market instead. "I’m begging my crypto friends to get involved in the stock market," Portnoy, also known as Davey Day Trader, said in a ... ( read original story ...)
Japan’s Nikkei closes at 6.5-month high on hopes for continued monetary policy
The benchmark Nikkei stock index ended at a six-and-a-half month high on Thursday, with figures back to levels seen before the pandemic, as a solid lead from Wall Street overnight lifted sentiment ... ( read original story ...)
This former Japanese central banker stood alone against QE — here’s what worries him now
A former Japanese central banker shared his thoughts on the risks around inflation targeting, high debt levels and low interest rates ... ( read original story ...)
Japan’s Hottest Tech IPO in 5 Years Shows Retail Trading Fever
A little known company specialized in artificial intelligence has gained more than sevenfold since its listing in Japan last month, underscoring the insatiable demand for technology stocks from the ... ( read original story ...)
Nikkei hits 30-year high in dollar terms as stimulus hopes spur sentiment
TOKYO, Sept 3 (Reuters) - Japan’s Nikkei share average hit a six-month high on Thursday and reached its highest level in three decades in dollar terms, as hopes of more global and domestic ... ( read original story ...)
NZ livestock ship missing in storm off Japan
Japan's coastguard has rescued one person in the search for a cargo ship carrying nearly 6,000 cattle and dozens of crew members that went missing in the East China Sea. That's according to a ... ( read original story ...)
Cargo ship with 43 crew and 6,000 cows sank off Japan in typhoon: survivor
A cargo ship carrying 43 crew and about 6,000 cows sank at sea after transmitting a distress signal during a typhoon off Japan, according to a survivor rescued by the country's coast guard. ( read original story ...)
Ant’s huge IPO sets up Jack Ma to escalate war with Tencent
Ant Group’s late-summer IPO filing drove home why the business — backed by 711 million active users that spent $17 trillion through its platform — is headed for potentially the world’s largest stock ... ( read original story ...)
Nikkei hits 30-year high in dollar terms on stimulus hopes
Japan's Nikkei share average hit a six-month high on Thursday and reached its highest level in three decades in dollar terms, as hopes of more global and domestic economic stimulus boosted sentiment. ( read original story ...)
Rest of Asia Will Miss Abe More Than Japan Will
A month before he ended his first stint as Japan’s prime minister in 2007, Shinzo Abe addressed the Indian Parliament in New Delhi. Quoting the Mughal scholar-prince Dara Shikoh ... ( read original story ...)
Crypto Conversation: USDC Gets an Upgrade
What’s hot in crypto this week? USDC -- or USD Coin -- which is a "stablecoin" set to the U.S. dollar. It is issued by Coinbase and Circle, through a joint venture called the Ce ... ( read original story ...)
Senate Banking Committee chairman seeks clarity from OCC on crypto payments rules
The Chairman of the U.S. Senate Committee on Banking is advocating the Office of the Comptroller of the Currency (OCC) craft policy on crypto payments.The post Senate Banking Committee chairman seeks ... ( read original story ...)
Widow-Maker Trade Is Back After Rising Yields Spur Bets in Japan
For years, betting against Japanese government bonds was known as a loss-making trade. Now, there could be a window of opportunity.Japan’s long-dated yields are hovering near 16-month highs after the ... ( read original story ...)
Japan’s Suga signals readiness to prod BOJ to ease more
Japan's Chief Cabinet Secretary Yoshihide Suga on Wednesday voiced his readiness to have the central bank take additional monetary easing steps to protect jobs, if he were to become prime minister. ( read original story ...)