In response to “turbulent market conditions that are likely to persist for some time,” Gemini is downsizing 10% of their astronauts—their term for employees. In a company blog post, the twin ... ( read original story ...)
Crypto market has ‘more pain to come,’ expert warns
Head of Republic Crypto Andrew Durgee agrees with the Winklevoss twins' prediction that a "crypto winter is here" along with global markets. ( read original story ...)
The crypto-skeptics’ voices are getting louder
A growing number of tech and financial experts are worrying about cryptocurrency investments. What will their cries mean? ( read original story ...)
Japan passes bill to limit stablecoin issuance to banks and trust companies
Japan is moving forward with legislation regarding the issuance of stablecoins i.e. digital assets with their value pegged to fiat currencies or stabilized by an algorithm. On June 3, Japan’s ... ( read original story ...)
Japan to compile big extra budget for stimulus after summer election
Japan is planning to compile a supplementary budget worth more than 10 trillion yen ($77 billion) after this summer's upper house ele ... ( read original story ...)
FTX launches FSA-regulated spot and derivatives crypto trading in Japan
Headquartered in Tokyo, FTX Japan holds a licensed Japanese crypto-asset exchange services provider and Type 1 Financial Instruments Business license holder approved by the FSA. ( read original story ...)
Japan Introduces Legal Framework for Stablecoins Linked to Yen
Mitsubishi UFJ Trust and Banking Corp. have planned to issue their own stablecoin, dubbed Progmat Coin, once the regulation becomes active. ( read original story ...)
TOP NEWS SUMMARY: Slowing growth reported in Europe but Japan improves
"The Administrative Board is convinced that the chosen path of consistent digitization and platform growth is the right one," said Frank Gotthardt, company founder and chair of the Administrative ... ( read original story ...)
Crypto firms say thousands of digital currencies will collapse, compare market to early dotcom days
Several cryptocurrency industry players told CNBC that thousands of digital tokens are likely to collapse while the number of blockchains in existence will also fall over the coming years. Brad ... ( read original story ...)
Bitcoin Billionaires Lay Off 10% of Employees, Blame Market and ‘Crypto Winter’
Things aren’t necessarily looking great for the crypto world, with reports of popular coins tumbling in recent weeks as the market tanks valuation of many investors’ digital portfolios. The CEO and ... ( read original story ...)
Brazilian Crypto Unicorn 2TM Lays Off Over 80 Employees
TM, the holding company for Mercado Bitcoin, Brazil's largest crypto exchange by market valuation, laid off over 80 employees on Wednesday. ( read original story ...)
Japan introduces stablecoin bill to protect investors
Japan introduces stablecoin bill to protect investors after the latest Luna and UST crash that wiped off billions of dollars from investors. ( read original story ...)
Why Japan Is Getting Tough on Russia Now
One of the most remarkable outcomes to emerge from Russia’s invasion of Ukraine is Tokyo’s tough response. The Japanese government of Prime Minister Kishida Fumio has imposed an unprecedented level of ... ( read original story ...)
EXCLUSIVE: Ola IPO either later this year or early next year, says CEO Bhavish Aggarwal
Funding winter’ cycles come and go, we have to focus on value creation rather than valuation, Bhavish Aggarwal told Business Today. ( read original story ...)
Nikkei rises on Fast Retailing boost; U.S. jobs data in focus
Japan's Nikkei index rose on Friday, boosted by Fast Retailing after it reported robust domestic sales, while gains were limited on caution ahead of a key U.S. jobs report due later in the day. Uniqlo ... ( read original story ...)
Japan Passes Stablecoin Bill That Enshrines Investor Protection
Japan became one of the first major economies to introduce a legal framework around stablecoins, the cryptocurrencies thrust into the global spotlight by last month’s collapse of the TerraUSD token. ( read original story ...)