Japan's holdings of U.S. Treasuries fell further in April to their lowest level since January 2020, data from the U.S. Treasury Department showed on Wednesday, amid a persistent decline in the yen's ... ( read original story ...)
Bill Gates Has Harsh Words for NFTs, Crypto as Bitcoin Sells Off
Bitcoin continues to face pressure, but Bill Gates doesn't see any buying opportunities in cryptocurrencies or NFTs. President Joe Biden has some thoughts for Big Oil companies as Americans face $5 a ... ( read original story ...)
Global trend of monetary tightening puts pressure on Bank of Japan
Investors borrow from Japan with very low rates, invest in US bonds, lowering value of yen, expert says - Anadolu Agency ... ( read original story ...)
Here’s why crypto experts are shrugging off the bitcoin crash
More concerning are the structural problems rendering it impossible for investors to withdraw their money from crypto exchanges. Binance, the world's biggest cryptocurrency exchan ... ( read original story ...)
How crypto lender Celsius stumbled on risky bank-like investments
Celsius Network, the retail crypto lending platform whose liquidity problems have sent cryptocurrencies plunging, stumbled on complex investments in the wholesale digital asset market in what analysts ... ( read original story ...)
Shorting crypto stocks has led to ‘substantial’ paper gains, but it’s getting harder to join in on the trend
The short selling of cryptocurrency-related stocks has yielded "substantial" mark-to-market profits this year, but those looking to get in on the action ... ( read original story ...)
Bitcoin plunges toward $20,000 as crypto meltdown continues
Charlie Morris, founder of digital asset management firm ByteTree, said $20,000 was close to the peak of bitcoin's last major bull run in 2017 and so "might prove to be a support ... ( read original story ...)
Matt Damon Mocked Anew for ‘Fortune Favors the Brave’ Crypto Ad as Virtual Currency Values Crash
Just a few short months ago, Matt Damon exhorted us to fearlessly buy into cryptocurrencies — in a slick CGI ad for Crypto.com hyping the tagline, “Fortune Favors the Brave.” Now, with ... ( read original story ...)
Roundup: Japan’s Nikkei drops for 4th straight session, yen tumbles to 24-year low against USD
Japan's Nikkei extended its losing streak for a fourth straight session Wednesday, with the yen plunging to a 24-year low versus the U.S. dollar on expectations the U.S. Federal Reserve will further ... ( read original story ...)
Cabinet Approves Receipt Of Additional USD 500 Million Soft Loan From Japan
The Cabinet of Ministers has adopted the regulations necessary to obtain an additional JPY 65 billion (about USD 500 million) of soft loan from Japan within the previously signed agreement. This is ... ( read original story ...)
Amid market turmoil, crypto exchange Kraken says it’s filling 500+ roles
While several major crypto trading platforms are making large-scale layoffs and freezing hiring, some of their rivals have rushed to reassure their staff and the public that they are sticking to their ... ( read original story ...)
As Crypto Tanks, Tech Veterans Question Blockchain’s Promise of Economic Salvation
Crypto fans say the technology promotes financial inclusion. Critics contend that the space is rife with predators putting unwary investors at risk. ( read original story ...)
Bitcoin Drops to $20,000 as Crypto Crash Continues
The descent into hell or the return to earth of cryptocurrencies unfortunately continues for many investors who continue to see the value of their portfolio melt. Bitcoin, the most popular digital ... ( read original story ...)
Bitcoin crashes further as crypto market losses top £300 billion in a week
The huge sell-off in the cryptocurrency markets sent the price of Bitcoin plummeting a further 10% overnight, taking it down to £16,653, while Ethereum dropped 16% to £846. The crypto crash has now ... ( read original story ...)
FirstFT: Crypto exchanges slash jobs amid market turmoil
The market value of the world’s 500 biggest crypto tokens has slumped from a high of $3.2tn in November to less than $1tn this week. Bitcoin, the most popular digital coin, has ... ( read original story ...)
Bitcoin slides again as crypto sell-off ramps up
Bitcoin tumbled on Wednesday to a new 18-month low, dragging smaller tokens down with it and spurring a sharp fall in crypto markets sparked by crypto lender Celsius freezing customer withdrawals. ( read original story ...)