Aaron Davis, co-founder of the digital wallet MetaMask, told Vice it's "extremely dangerous" to say that today's crypto is the future of finance. ( read original story ...)
Polygon’s MATIC Soars After Disney Deal As Crypto Moves Higher
Ether, the second-largest crypto gained 10% to roughly $1,200. MATIC, the native token to Polygon, an Ethereum scaling tool, is today’s top performer according to the Forbes Digital Assets leaderboard ... ( read original story ...)
Crypto lender Celsius Network reveals $1.19 billion hole in bankruptcy filing
Celsius Network listed a $1.19 billion hole in its balance sheet in a Thursday filing in a Manhattan bankruptcy court, a day after the cryptocurrency lender filed for Chapter 11 bankruptcy. ( read original story ...)
Plaid Weaves Crypto Exchanges Into Finance Data Platform
With our new feature, consumers can also link their crypto accounts to relevant apps,” says Alain Meier, head of identity at Plaid. “To date, crypto assets are acquired and held separate from other ... ( read original story ...)
Top Indian tech advocacy group drops crypto over regulatory uncertainty
The leading influential technology lobby group in India is turning its back on advocating for crypto in a major setback for the local ecosystem in the South Asian nation. Internet and Mobile ... ( read original story ...)
Celsius touted itself as better than a bank. Now the crypto firm is filing for bankruptcy.
The crypto firm said most account activity is still "paused." It's unclear whether depositors will get their money back. ( read original story ...)
Fed’s Bullard Favors 75 Basis Point Hike in July Over 100 for Now – Nikkei
"So far, we've framed this mostly as 50 versus 75 at this meeting," Bullard said. "I think 75 has a lot of virtue to it, because the long-run neutral that the committee has, according to the Summary ... ( read original story ...)
Japan Nikkei rises as yen hits fresh 24-year low
The yen depreciated to a fresh 24-year low at the 139 level against greenback on Thursday, as a stronger than expected US consumer price index raised prospects of aggressive rate hikes by the US ... ( read original story ...)
The legacy of Abe Shinzo will shape Japan’s economy for years
The current prime minister, Kishida Fumio, secured a big majority of seats in the upper house of Japan’s legislature in the election on July 10th. His greater focus on equality and redistribution, ... ( read original story ...)
Another Prominent Crypto Lender Goes Down
Celsius Network was one of the first crypto lenders to prevent its customers from withdrawing their money last month. ( read original story ...)
This ‘crypto winter’ is different from the last. Here’s why
Cryptocurrency prices have crashed in the last few months as the industry enters a new "crypto winter." Crypto has seen this before, most recently in 2018. But things are different this time. CNBC's ... ( read original story ...)
Japan’s Kishida Orders Restart of Up to Nine Nuclear Reactors
“We must prevent this situation.” Japan is struggling with tight electricity supplies due to extreme weather, the retirement of older power plants, and delays to restarting nuclear reactors ... ( read original story ...)
Crypto lending giant Celsius files for bankruptcy
Celsius has filed for bankruptcy protection a month after it paused all customer withdrawals and transfers, according to The Wall Street Journal. The crypto lending giant left almost two million users ... ( read original story ...)
Celsius, one of crypto’s biggest lenders, files for bankruptcy
Celsius Network, one of the world’s largest cryptocurrency lenders, has filed for bankruptcy protection, a month after freezing customer assets in the wake of a sharp turbulence in the crypto market ... ( read original story ...)
Japan shares higher at close of trade; Nikkei 225 up 0.62%
Japan equities were higher at the close on Thursday, as gains in the Fishery, Mining and Textile sectors propelled shares higher. At the close in Tokyo, the Nikkei 225 rose 0.62%. The biggest gainers ... ( read original story ...)
This ‘crypto winter’ is unlike any downturn in the history of digital currencies. Here’s why
A price crash, the collapse of key crypto projects, interconnected loans and the inability to repay debt have been key features of the latest downturn. ( read original story ...)