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Tag: finance

Posted on 26/01/2023

Asia-Pacific markets set to climb as region awaits slew of economic data

Asia-Pacific shares are set to climb/drop, taking the lead from losses on Wall Street while investors also looked ahead to some economic data in the region.

Posted on 26/01/2023

Elizabeth Warren: Crypto giants are ‘collapsing under the weight of their own fraud’

"For all their talk of innovation and financial inclusion, crypto industry giants — from FTX to Celsius to Voyager — are collapsing under the weight of their own fraud, deceit and gross mismanagement, ...

Posted on 26/01/2023

The First Nuclear-Powered Bitcoin Mine Is Here. Maybe It Can Clean Up Crypto.

A new nuclear-powered data center in Pennsylvania will host bitcoin mining. This is the first nuclear-powered bitcoin mine in the United States. Bitcoin mining is a historically pollution-filled ...

Posted on 26/01/2023

Japan stocks higher at close of trade; Nikkei 225 up 0.35%

Japan stocks were higher after the close on Wednesday, as gains in the Communication, Machinery and Transportation Equipment sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 0.35% ...

Posted on 26/01/2023

A buzzy NFT startup from Decentraland’s founder was supposed to be the future of crypto gaming. His $20M gamble on Genesis could cost the company its future

For a brief moment in 2021, it looked like crypto had finally found its killer application: video games. The “play-to-earn" game Axie Infinity had notched millions of users and platforms like Sandbox raked in venture funding.

Posted on 26/01/2023

Bitcoin, ether slip as crypto rally falters after regaining $1 trillion market cap

Bitcoin is taking a breather after leading a broader crypto rebound in January. The digital coin remains up by nearly 40% in January.

Posted on 26/01/2023

3 Stable Stocks to Buy This Week for Under $50

Despite the headline inflation cooling down, the Fed will likely continue raising interest rates to meet its inflation target. Moreover, S&P 500 earnings are estimated to have declined in ...

Posted on 25/01/2023

France Gives Crypto Firms More Time to Comply

Instead of rushing to implement a stringent licensing regime, a new amendment means France will wait on EU-wide ruling to arrive.

Posted on 25/01/2023

Crypto Is Worth Fixing. Regulators Should Get Moving

The once-burgeoning realm of crypto and decentralized finance keeps imploding, presenting policy makers with a quandary: Should they just let it burn, or step in to address its now-obvious flaws? The ...

Posted on 25/01/2023

Bankrupt crypto lender BlockFi accidentally reveals it had over $1.2 billion in assets tied up with FTX

Bankrupt crypto lender BlockFi accidentally revealed it had over $1.2 billion in assets tied to FTX and its sister trading arm Alameda Research, according to CNBC. The redacted sections include "trade ...

Posted on 25/01/2023

Sam Bankman-Fried gave $400 million to an obscure crypto-trading firm cofounded by a Jane Street trader just 2 years out of college, report says

Modulo Capital operated out of the same luxury Bahamas resort where Sam Bankman-Fried lived. Like SBF, its cofounders used to work at Jane Street.

Posted on 25/01/2023

Roundup: Japan’s Nikkei ends higher for 4th straight day amid concerns of overheating

Japan's benchmark Nikkei stock index extended its rally to a fourth session Wednesday as cyclical stocks outperformed although gains were subdued amid concerns the market may be overheating. The ...

Posted on 25/01/2023

Elderly Tokyo woman swindled out of over 700,000 dollars in cryptocurrency

An elderly woman in Tokyo has been swindled out of 97 million yen, or about 744,000 dollars, in cryptocurrency after receiving a fraudulent phone call warning her that her bank account was being used ...

Posted on 25/01/2023

BlockFi secret financials show a $1.2 billion relationship with Sam Bankman-Fried’s crypto empire

Financial documents that were mistakenly uploaded from bankrupt crypto firm BlockFi show a $1.2 billion relationship with FTX and Alameda Research.

Posted on 25/01/2023

The Crypto Industry’s Favorite Bank Is in Deep Trouble

Sam Bankman-Fried once lauded the tiny Silvergate Bank for being a key part of the crypto revolution. Will it survive his scandal?

Posted on 25/01/2023

Japan’s Nikkei rallies for fourth day, Dai Nippon Printing tops gains

Automotive battery component supplier Dai Nippon Printing soared 13% to top the leaderboard, following media reports that activist investor Elliott Management had taken a large stake. Suzuki Motor was ...

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