Cryptocurrency hedge fund Three Arrows Capital said on Wednesday it was committed to working things out, seemingly addressing social media chatter that it is facing liquidation issues. "We are in the ... ( read original story ...)
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 ...)
Social Media Blamed For $1 Billion Lost In Crypto Scams
The United States Federal Trade Commission (FTC) has laid the blame for $1 billion being lost through crypto scams at the feet of social media platforms such as Instagram, Facebook, WhatsApp, and ... ( read original story ...)
Bitcoin tumbles as crypto sell-off accelerates
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 ...)
Binance and FTX Continue to Hire Despite Employment Freezes at Crypto Firms
A looming recession has spooked crypto firms, along with dips in virtual asset prices. Binance, the world's largest cryptocurrency trading platform by volume, announced that it was “expanding hiring ... ( read original story ...)
The SEC’s Crypto Bait And Switch And Investors’ Loss Of $15 Billion
Hinman outlined a vision of decentralized tokens being free from registration; then the SEC hammered them for failing to register. ( read original story ...)
Bitcoin news – live: Crypto exchange Coinbase sacks staff amid price collapse
Bitcoin has crashed below $24,000, reaching its lowest levels since the end of 2020. More than $200 billion has been wiped off the entire cryptocurrency market on Monday morning. It is the latest in a ... ( read original story ...)
Softbank seals jumbo pre-IPO loan ahead of Arm’s listing
Allocations have been unveiled for a jumbo loan raised by SoftBank, ahead of the Japanese investment conglomerate's plans to list UK chip designer Arm before the end of March 2023. “The deal size was ... ( read original story ...)
Japan’s Nikkei hits one-month low on caution ahead of Fed rate decision
Japan's Nikkei index ended at a more than one-month low on Wednesday, extending losses for a fourth straight session, as investors awaited a U.S. Federal Reserve policy decision later in the day that ... ( read original story ...)
Yen slump may open scope for Japan’s central bank to tweak policy
The Bank of Japan's resolve to defend its yield cap faces attack from investors betting the central bank could give in to global market forces, opening up a slim chance for a near-term tweak in its ... ( read original story ...)
As yen tumbles, Japan’s automakers take cost burden off their suppliers
For decades, Japan's powerful automakers had a playbook to deal with deflation: press suppliers for lower prices on everything from seat belts to wire harnesses and promise volume. Now, with inflation ... ( read original story ...)
Japan govt bond futures collapse, yields test band despite BOJ heavy hand
Japanese government bond futures plunged the most in years and yields clung to the upper limit of the central bank's policy band on Wednesday as traders bet the Bank of Japan's ultra-easy policy was ... ( read original story ...)
Crypto exchanges slash jobs as market turmoil triggers trading downturn
Major digital asset exchanges are shedding hundreds of workers in an abrupt reversal from the industry’s breakneck expansion as a two-year hot streak gives way to a crypto chill. US-listed Coinbase on ... ( read original story ...)
SoftBank plans additional London listing for Arm IPO: sources
SOFTBANK Group is planning to list some of its stake in chip designer Arm on the London Stock Exchange, switching from an earlier plan to only use the US market, according to people familiar with the ... ( read original story ...)
Japan’s Nikkei sinks for fourth day amid Fed decision jitters
Japan's Nikkei index headed for a fourth straight session of loss on Wednesday amid nerves ahead of a Federal Reserve policy decision later in the day that could see a much more hawkish shift and ... ( read original story ...)
Japan: core machinery orders rose unexpectedly in April
The seasonally-adjusted core machinery orders growth accelerated to 10.8% month-on-month in April, from 7.1% in March. The April outcome was surprisingly higher than the market consensus of a -1.3% ... ( read original story ...)