Indian cryptocurrency exchange CoinSwitch Kuber said on Wednesday it had raised over $260 million at a valuation of $1.9 billion, underscoring the rise in popularity of crypto trading in the country ... ( read original story ...)
Gary Gensler says the SEC won’t bring in a China-style crypto ban, but Congress could
Many of these tokens do meet the tests of being an investment contract or a note or some other form of security,' Gensler said Tuesday. ( read original story ...)
Bank of Japan’s Kuroda says country’s labour practices keep wage pressures under control
Japanese firms have no pressing need to raise wages because they retained jobs during last year's pandemic-induced economic slump, and thus do not need to fill job vacancies as quickly as US companies ... ( read original story ...)
Japan’s Shinsei Bank forms independent panel to respond to SBI takeover bid
Japan's Shinsei Bank Ltd is forming a panel of independent directors to weigh its response to a takeover bid from SBI Holdings, so as to ensure the "fairness and objectivity of the evaluation," it ... ( read original story ...)
Shiba Inu Crypto Up 216% in a Week (With Some Help From Musk)
The Shiba Inu cryptocurrency is now the world’s 20th-biggest by market value and has more than tripled in the past week, partly fueled by Elon Musk’s latest tweet about his own puppy. ( read original story ...)
SmartRyde helps travelers book airport cabs in 150 countries, nabs series A round
SmartRyde, the Japanese startup behind a global airport transfer marketplace under the same name, announced that it has secured approximately 180 million yen (about $1.6 million) in a Series A ... ( read original story ...)
Nikkei hits over six-week low; low support ratings for new PM weigh
Japan's Nikkei reversed course on Wednesday to close at a more than six-week low, dragged down by concerns over higher interest rates, China's slowdown and modest approval ratings for the country's ... ( read original story ...)
U.S. Won’t Follow China in Banning Crypto, SEC Chief Says
Securities and Exchange Commission Chair Gary Gensler said a ban on cryptocurrencies would be left up to Congress. ( read original story ...)
Takeda Provides Update on TAK-994 Clinical Program
Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) ("Takeda") today announced that a safety signal has emerged in Phase 2 studies of TAK-994, an investigational oral orexin agonist. As an ... ( read original story ...)
A bill proposed by a Republican lawmaker would give crypto developers legal protection to raise money through token sales
The Clarity for Digital Tokens Act of 2021 from Rep. Patrick McHenry supports a 'safe-harbor' proposal by SEC Commission Hester Peirce. ( read original story ...)
Crypto- and stock-trading moguls have crashed Forbes’ Youngest Billionaires list. Here are the 4 that made the top tier this year.
An explosion in crypto and meme stock trading propelled several fresh faces to the top of this year's Forbes Youngest Billionaires list. The richest newcomer is FTX CEO Sam Bankman-Fried, who at just ... ( read original story ...)
US Bank launches crypto custody services for fund managers amid growing demand for digital assets
Institutional managers with private funds in the US or Cayman Islands can use the safekeeping service for bitcoin. Other coins will soon be explored. ( read original story ...)
Shiba Inu Price Rise Sees Crypto’s Fans Vow to ‘Hodl’
It is unclear why Shiba Inu has increased in price so sharply. Cryptocurrencies are notoriously volatile and can rise and fall in price rapidly. Experts have previously warned Newsweek about the ... ( read original story ...)
Japan Nikkei extends losses to seventh session
At closing bell, the 225-issue Nikkei Stock Average stumbled 622.77 points, or 2.19%, to 27,822.12. The broader Topix index of all First Section issues on the Tokyo Stock Exchange retreated 26.17 ... ( read original story ...)
Japan’s Nikkei 225 Falls, Dropping 10% From September High
The gauge is set for its longest losing streak since May 2019, amid a global selloff in technology shares on the threat of persistently high inflation. A fading of initial investor hopes for Japan’s ... ( read original story ...)
Is Institutional Crypto Adoption Still In The ‘Early Stages’?
Close to one-third of institutions have invested in digital assets, according to a Fidelity survey. However, according to analysts, this is only the beginning, as more organizations will flock to this ... ( read original story ...)