The Bank of Japan will exempt regional banks from negative rates if they agree to merge or cut costs in a highly unusual use of monetary policy to reshape the financial sector. Regional banks with ... ( read original story ...)
Bank of Japan to Introduce Special Deposit Facility to Support Regional Banks
The Bank of Japan said that it would introduce a new deposit facility to support regional banks, whose profits have been hurt by Japan’s longtime low-interest-rate policy. ( read original story ...)
Crypto crime slows in 2020, but ‘DeFi’ hacks rise: CipherTrace report
Losses from cryptocurrency thefts, hacks, and fraud declined to $1.8 billion for the first 10 months of the year compared with last year, but crime in the hot "decentralized finance" sector rose, ... ( read original story ...)
Report: Crypto crimes declined in 2020, but DeFi hacks are on the rise
The recent surge in DeFi makes the industry is an attractive target for hackers. Cryptocurrency-related crimes have slowed down in 2020, but some sectors within the crypto industry have become a new ... ( read original story ...)
3 Ways Coinbase Could Lose Its Crypto Crown
Bigger rivals. New regulations. Culture conflicts. Coinbase is king of exchanges now, but can it chart the next stage of growth? ( read original story ...)
An Uber-like Chinese startup for trucks seeks to raise about $2 billion ahead of its 2021 IPO, report says
The Uber-style service, known as Full Truck Alliance, is valued at $10 billion ahead of the capital fundraising. ( read original story ...)
Nikon Is to Cut 20 Percent of Its Workforce Outside of Japan
Nikon has announced that it will lay off 20 percent of its workforce outside of Japan by March 2022, a sign that the company is seeking to cut costs in response to a declining market. According to ... ( read original story ...)
Crypto Gaming Pioneer Cloudbet Officially Launches in Argentina
Launch comes amid higher interest in crypto gaming. Operator pledges to launch more coins for Argentina market. Cloudbet, the pioneering crypto casino and sportsbook, has official ... ( read original story ...)
ZebPay To Launch Non-fungible Crypto Token In India
The token will give rewards to its userbase, such as lower fees on its platform as well as discounts from partners such as e-commerce retailers, streaming services and food deliveries, among others ... ( read original story ...)
China’s ‘Uber for Trucks’ Raising $1.7 Billion Ahead of IPO Next Year
Full Truck Alliance, a Chinese startup that provides an Uber-like service for the trucking industry, is being valued at $10 billion before the capital raise, according to people familiar with the ... ( read original story ...)
Nikkei gains as hospitality shares jump, stay-home winners lose footing
Japan's Nikkei share average rallied to a 29-year high on Tuesday as battered airlines, railway and department store operator shares jumped on news of progress in the development a COVID-19 vaccine. ( read original story ...)
Mizuho to Become First Japanese Bank to Sell Consumer Data
Mizuho Financial Group Inc. will start selling information on consumers’ spending habits and other aggregated data in a bid to expand beyond the traditional lending business. ( read original story ...)
UPDATE 1-Japan’s bank lending slows amid uneven corporate recovery
Big firms repaying loans, small firms still struggling (Recasts with breakdown on lending, context on recent trends) ... ( read original story ...)
Japan Overall Bank Lending Climbs 6.2% On Year
Overall bank lending in Japan was up 6.2 percent on year in October, the Bank of Japan said on Tuesday - coming in at 573.034 ... ( read original story ...)
Japanese Market Rises For Sixth Day
The Japanese stock market is rising for a sixth straight day on Tuesday, while the safe-haven yen weakened against the dollar after ... ( read original story ...)
Japan finmin Aso: Pace of recovery in private demand is fast
Japanese Finance Minister Taro Aso said on Tuesday that the pace of recovery in private demand was fast, as seen in the automotive sector. ( read original story ...)