Crypto company Celsius has started the process of filing for Chapter 11 bankruptcy protection. Earlier, CNBC reported the company's lawyers were notifying individual U.S. state regulators of those ... ( read original story ...)
Japan Concerned by Rapid Yen Weakening, Closely Monitoring FX With BOJ – Govt Spokesperson
Japan's government is concerned about the yen's recent sharp falls and will monitor the currency market even more closely while working with the Bank of Japan, Chief Cabinet Secretary Hirokazu Matsuno ... ( read original story ...)
Crypto lender Celsius files for bankruptcy
Crypto lender Celsius Network said on Wednesday it has filed for bankruptcy, becoming the latest victim of a dramatic plunge in prices that has shaken the cryptocurrency sector. ( read original story ...)
Tokyo’s Nikkei share average opens down 0.46 pct
Japan's benchmark Nikkei average opened down 0.46 percent at 26,357.32 on Thursday, while the broader Topix shed 0.60 percent at 1,877.43. T Reuters, the news and media division of Thomson Reuters, is ... ( read original story ...)
More Japan Firms to Pass on Costs of Rising Commodity Prices, Weak Yen Reuters Poll
Four out of five large Japanese firms are passing on higher commodity costs to customers or intend to do so, a Reuters poll found, a sharp rise from the previous survey six months ago as surging input ... ( read original story ...)
Texas’s power grid operator is asking crypto miners to power down as the state’s electricity system grapples with sky-high temperatures
Texas' power grid operator, ERCOT, is paying businesses that eat up lots of energy to shut down — which includes the state's crypto mining companies. ( read original story ...)
Soaring Inflation Could Dampen Crypto, Analysts Say
Soaring inflation will make investors less inclined to buy cryptocurrencies, some analysts say, while others see a silver lining amid the high numbers. ( read original story ...)
5 investors explain why Latin America is poised to weather the crypto winter
From high poverty rates to low financial inclusion, there are common threads throughout LatAm that explain why trends such as play-to-earn crypto gaming have seen widespread adoption. ( read original story ...)
Why Abe is much more highly praised abroad than in Japan
Views held about the influence and contribution made by Shinzo Abe during his lifetime in politics, and especially his more than eight years as prime minister, are strikingly different inside and ... ( read original story ...)
Crypto compliance provider TRM Labs is helping top Wall Street firms like JPMorgan wade into digital assets
TRM Labs is seeing increased interest in crypto compliance, fraud detection, and risk-management tools despite the market downturn. ( read original story ...)
Longtime Bitcoin bull Anthony Pompliano launches crypto hiring firm Inflection Points with $12.6M raise
Inflection Points has been working in stealth mode to build out a crypto-focused employment and corporate training business and just secured $12.6 million in funding. The firm was founded by Colton ... ( read original story ...)
Japan’s MUFG Said to Consider Bid for Indonesia’s Panin Bank
Mitsubishi UFJ Financial Group Inc. is considering a bid for PT Bank Pan Indonesia, people familiar with the matter said, as the Japanese banking giant seeks to bolster its presence in Southeast ... ( read original story ...)
‘A Massive Opportunity’—When The $2 Trillion Bitcoin, Ethereum And Crypto Price Crash Could End
One influential crypto investor has predicted the bitcoin price will top its previous all-time high of almost $70,000 before ... ( read original story ...)
Crypto lender Celsius is ‘deeply insolvent’ and does not have the ability to meet obligations to creditors or account holders, state regulator warns
Vermont regulators warned this week that crypto firm Celsius is "deeply insolvent". The crypto lender is being investigated by multiple state authorities after halting customer withdrawals in June. A ... ( read original story ...)
Snap Becomes Latest Giant To Roll Out NFTs—Just As Market Cools Amid Crypto Winter
The feature in question would allow creators to showcase NFTs on Snapchat, which follows similar moves by Meta and Reddit. ( read original story ...)
Crypto: In Regulation We Trust
The crash of the digital asset markets, accelerated by the failure of two multi-billion-dollar DeFi initiatives, has once again left users questioning whether crypto can be trusted. ( read original story ...)