Japanese Finance Minister Shunichi Suzuki said on Thursday he called on his G7 counterparts to reaffirm the group's agreement on exchange-rate policy."I explained how recent currency moves have been ... ( read original story ...)
There’s more crypto destruction to come: Blockchain.com CEO
Blockchain.com CEO Peter Smith says the ripple effect from the past few brutal weeks in crypto will take time and there's more "creative destruction" coming. ( read original story ...)
Crypto Exchange FTX Digs Into Stock Trading Alongside Its Coin Game
It joins the likes of Robinhood in the online stock trading scene, but the announcement couldn’t have come at a stranger time in a hemorrhaging market. ( read original story ...)
The Goldilocks crisis may have arrived for crypto
Sadly, back then, that crisis never occurred; instead credit derivatives and subprime mortgage lending continued to explode until they sparked the 2008 crisis that almost did “burn” the financial ... ( read original story ...)
Crypto exchange FTX U.S. gets into stock trading
The U.S. affiliate of crypto exchange FTX plans to roll out zero-commission stock trading. The new service was limited to a small number of U.S. users Thursday. FTX U.S. will offer no-fee brokerage ... ( read original story ...)
U.S. crypto lobbyists in push to contain fallout from stablecoin meltdown
The cryptocurrency industry is scrambling to respond to U.S. lawmakers' concerns about stablecoins following the collapse of TerraUSD, which wiped billions off the cryptocurrency market. The ... ( read original story ...)
Crypto market seeing ‘classic, risk-off’ response: Bitwise CIO
Bitwise chief investment officer Matt Hougan argues the crypto market is seeing a "classic, risk-off" response to macro news of SEC's Gensler predicting cryptocurrency turmoil isn't over. ( read original story ...)
Crypto crash ‘will not affect Bitcoin mining’s climate cost’
The computing power required to support Bitcoin’s underlying network requires nearly as much energy as the entire country of Argentina ... ( read original story ...)
Japan stocks lower at close of trade; Nikkei 225 down 1.89%
Japan stocks were lower after the close on Thursday, as losses in the Finance & Investment, Fishery and Rubber sectors led shares lower. At the close in Tokyo, the Nikkei 225 lost 1.89%. Falling ... ( read original story ...)
Japan’s Nikkei news says Singapore unit hit with ransomware attack
Japanese business news group Nikkei Inc. said on Thursday its Singapore unit had been hit with a ransomware attack. TOKYO, May 19 (Reuters) - Japanese business news group Nikkei Inc. said on Thursday ... ( read original story ...)
Softbank Reports Record Loss As Tech Shares Tank
Japanese investment giant SoftBank Group on Thursday logged a record annual net loss after a bruising year that saw its assets hit by a U ... ( read original story ...)
Japan shares lower at close of trade; Nikkei 225 down 1.89%
Japan equities were lower at the close on Thursday, as losses in the Finance & Investment, Fishery and Rubber sectors propelled shares lower. At the close in Tokyo, the Nikkei 225 fell 1.89%. The ... ( read original story ...)
The 5 best crypto apps: Trade with the pros The 5 best crypto apps: Trade with the pros
What is the best crypto app? Coinbase. With it, you can maximize your earnings. We looked at the types of currency supported, fees, funding methods, and security before choosing Coinbase, but we also ... ( read original story ...)
Analysis: Crypto crash leaves El Salvador with no easy exit from worsening crisis
El Salvador's big bet on bitcoin, which the Central American nation has been buying since September, has soured in recent weeks as a cryptocurrency rout shaved over a third of the value of the ... ( read original story ...)
Nikkei snaps four-day rally as inflation jitters return
Japan's Nikkei share average snapped a four-session rally on Thursday after Wall Street plunged overnight on fears that surging inflation would eat into corporate profits and usher in an economic ... ( read original story ...)
Gensler warns as crypto crashes: ‘The public is not protected’
The SEC chair had sounded alarms about crypto’s risks, and now those risks are in plain sight Benjamin Pimentel ( @benpimentel) covers crypto and fintech from San Francisco. He has reported on many of ... ( read original story ...)