Ray Dalio warned that investors shouldn’t become too reliant on cash and that while he owns some Bitcoin there’s a danger that governments could destroy the crypto market. ( read original story ...)
The SEC is ‘short staffed’ and it needs more help to tackle everything from crypto to China, Gensler says
SEC Chairman Gary Gensler says that Wall Street's top regulator is trying to juggle an long list of challenges with a smaller staff. ( read original story ...)
BOJ’s Kuroda: Japan Inflation to Reach 2% Goal, but Not Before 2023
Bank of Japan Governor Haruhiko Kuroda told an online seminar on Wednesday that he expected Japan's inflation rate to rise steadily although it would not hit the central bank's 2% target before 2023. ( read original story ...)
Exclusive: Crypto wealth management startup Abra raises $55 million in heat of digital asset boom
Led by IGNIA and Blockchain Capital, Abra, a crypto wealth management company, has raised $55 million in new funding. ( read original story ...)
Crypto needs clear, predictable guidance: Chamber of Digital Commerce president
Kavita Gupta, Fintech.TV co-founder and Delta Blockchain Fund founder, and Perianne Boring, Chamber of Digital Commerce founder and president, discuss SEC chair Gary Gensler's comments on Capitol Hill ... ( read original story ...)
Sen. Pat Toomey on the need for clarity on crypto regulations
Sen. Pat Toomey (R-Penn.) joins "Squawk Box" discuss his questioning of SEC chair Gary Gensler on crypto regulation. ( read original story ...)
Crypto billionaire Mike Novogratz says he wasn’t quick enough to short litecoin on the fake Walmart news that made no sense to him
Made no sense to me. But I wasn't quick enough to short it, and that, of course, turned out to be fraud,' Novogratz said at the SALT Conference Tuesday. ( read original story ...)
Japan’s securities industry group to review IPO price-setting process
A Japanese brokerage industry group said on Wednesday it would review the process for setting the price of initial public offerings (IPO), responding to criticism from startups that IPO prices have ... ( read original story ...)
Nikkei slips from 3-decade high on profit-taking, SoftBank drag
Japanese shares on Wednesday retreated from three-decade peaks hit in the previous session, as investors took profits after a strong rally over the last two weeks and Chinese regulatory concerns ... ( read original story ...)
Shinsei Bank says it is still considering response to SBI’s bid
Japan's Shinsei Bank said on Wednesday no decision has been made on its response to an unsolicited $1.1 billion bid by SBI Holdings following a media report that it plans to introduce a poison-pill ... ( read original story ...)
SoftBank CEO Son says smart robots can revitalise Japan growth, competitiveness
SoftBank Group Corp Chief Executive Masayoshi Son on Wednesday said so-called smart robots can revitalise Japan's economy and competitiveness, doubling down on robotics just as the company's ... ( read original story ...)
Next-Generation Japan Lawmakers Cheer ‘Chaotic’ Premier Fight
(Bloomberg) --Japan’s Liberal Democratic Party has kept a lock on power ... The powerful faction bosses who control the ruling party, such as Finance Minister Taro Aso, quickly lined up behind Abe’s ... ( read original story ...)
New Data Reveals Bitcoin Could Be Nearing A Sudden Price Shock After $300 Billion Crypto Crash
Data has revealed bitcoin exchange reserves have dropped to lower than they were in November last year—when the bitcoin price began its huge run that peaked at almost $65,000 in ... ( read original story ...)
Hedge funder, Mets owner Steven Cohen invests in crypto-trading firm
Cohen is backing Radkl, a new quantitative trading firm that will invest in cryptocurrencies, digital assets, and the “decentralized finance” (DeFi) sector. ( read original story ...)
Cramer believes in both gold and crypto — but says they play different roles in portfolio
The "Mad Money" host said bitcoin and ether are speculative trades, while he sees gold as an insurance policy. ( read original story ...)
Jump Capital Raises $350 Million And Doubles Down On Crypto
The Chicago-based firm has seen multiple exits and unicorns within its crypto strategy and plans to put 40% of its latest fund toward that market. ( read original story ...)