Do Kwon, the founder of Terraform Labs and creator of the collapsed stablecoin Terra, has been arrested in Montenegro, which was first reported through social media posts by Montenegro Minister of the Interior Filip Adzic on Twitter (where he’s ...
Crypto is banned in China, but Binance employees and support volunteers tell people how to bypass the ban
Binance founder Changpeng "CZ" Zhao has touted the exchange's know-your-customer systems, known as KYC, as a billion-dollar effort. Among other functions, they are supposed to stop customers that aren't supposed to be on the platform,
Crypto rebounds from post-Fed sell-off as investors shake off regulatory concerns
Investors studied the outlook for the Federal Reserve's rate hiking campaign and the continued crisis in parts of the banking system.
Japan firms see global inflation risk as major headwind for fiscal 2023 – Reuters poll
Japanese firms see inflation and the chance of worldwide recession as the primary risks they face in fiscal 2023, a Reuters monthly poll showed. Inflation in Japan has rocketed to a four-decade high, ...
Asia markets set to fall over Yellen remarks on banks; Japan core inflation slows
In Australia, the S&P/ASX 200 was 0.59% lower, while in Japan, the Nikkei futures contract in Chicago was at 27,120, and its counterpart in Osaka was at 27,110 against the Nikkei 225's last close at ...
Toyota Camry Axed In Japan, Will Continue Global Production: Report
In Japan, Toyota struggles to move even one percent of the ... Toyota is currently planning the launch of the next-generation Camry which will be unveiled in 2024. Source: Nikkei Asia ...
The current banking crisis is a ‘worldwide phenomenon’ that started long before SVB failed, Harvard professor and former IMF economist says
"I didn't know it would [start] in the US banking sector," he said, adding that issues could've taken place in Japan or Italy before SVB was seized by regulators. "It's a worldwide phenomenon." Since ...
Improved ties with Japan to boost exports, consumption: finance minister
South Korea and Japan's latest efforts to restore bilateral ties will give a "significant positive spillover" to Asia's No. 4 economy, the finance minister said Friday. On Thursday, South Korea ...
Lindsay Lohan, other celebs settle with SEC over crypto case
Actress Lindsay Lohan, rapper Akon and several other celebrities have agreed to pay tens of thousands of dollars to settle claims they promoted crypto investments to their millions of social media ...
Fugitive Crypto Executive Found Hiding in Balkans
Do Kwon, the founder of Terraform Labs, the ecosystem behind the Luna and UST cryptocurrencies which collapsed last May, has been arrested in Montenegro, according to local authorities.
Crypto Promoter Justin Sun Draws the Spotlight, This Time From Regulators
The Securities and Exchange Commisson recently brought civil charges related to crypto tokens against eight celebrities and Mr. Sun, who is known for once paying millions to have lunch with Warren ...
US SEC warns investors about risks of purchasing crypto asset securities
The U.S. Securities and Exchange Commission on Thursday issued an investor alert urging caution around crypto asset securities, warning that firms offering crypto investments may not be complying with ...
President’s Economic Report Blasts Crypto For Having No Fundamental Value
The Economic Report of the President is an annual publication by the Council of Economic Advisers that provides an in-depth analysis of the state of the U.S. economy, along with policy recommendations for addressing economic challenges.
Crypto price: Market fears crackdown amid ‘legal threats’ to Coinbase
Cryptocurrency exchange boss says firm is ‘right on the law, confident in the facts, and welcomes the opportunity to get before a court’
Coinbase falls after US SEC threatens to sue over some crypto products
Shares of Coinbase Global Inc fell 13% in premarket trading on Thursday after the U.S. Securities and Exchange Commission issued a notice declaring its intent to recommend an enforcement action against the crypto exchange's products.
Crypto fugitive Do Kwon arrested in Montenegro, says interior minister
We’ll send you a myFT Daily Digest email rounding up the latest Do Kwon news every morning. Authorities in Montenegro have arrested an individual believed to be South Korean fugitive Do Kwon, the crypto entrepreneur behind the $40bn implosion of the terraUSD and luna digital tokens last year.