Gary Gensler warned that crypto investors are "likely to get hurt" if the digital asset space does not have rules in place. The SEC chair also said crypto platforms that ask users to invest money for ... ( read original story ...)
Bitcoin and ether could hit record highs by year-end if the SEC approves a crypto ETF, Fundstrat says
"Any near-term selling is an opportunity to buy as we anticipate a risk-on environment through the end of the year," Fundstrat said. ( read original story ...)
Crypto tax: ‘MiamiCoin’ has made the city $7 million so far, a potential game-changer for revenue collection
MiamiCoin has generated roughly $7 million for the city since its August launch, and Mayor Francis Suarez said cryptocurrency contributions could one day replace city taxes. ( read original story ...)
Central bank digital currencies may not replace crypto, BIS says
Central banks are jostling with private-sector operators of stablecoins to dominate digital money and protect consumers, the global body for policymakers has said. Private digital assets could coexist ... ( read original story ...)
Crypto-friendly senator Cynthia Lummis warns stablecoins must be fully cash-backed and regulated
Some stablecoins have generated controversy over whether their cash reserves are safe enough for a cryptocurrency supposedly equivalent to a dollar. ( read original story ...)
Billionaire investor Orlando Bravo says he’s very bullish about bitcoin – and asks ‘How could you not love crypto?’
Private equity billionaire Orlando Bravo said: "Crypto is just a great system. It's frictionless. It's decentralized." ... ( read original story ...)
Crypto Firms Beef Up Compliance Hiring as Regulatory Scrutiny Mounts
The hunt for crypto-focused compliance executives has intensified in recent months as the industry faces growing regulatory pressure, both in the U.S. and abroad. ( read original story ...)
Affirm’s ‘super-app’ ambitions win praise as company plots debit, crypto moves
Affirm Holdings Inc. is joining the ranks of fintech companies vying for "super-app" status as the company plans a series of feature introductions that ... ( read original story ...)
Japanese smart lock developer Photosynth files for IPO
Takeshi Hiano Tokyo-based Photosynth, the Japanese startup developing and offering smart lock Akerun as well as cloud-based room-entry access control ... ( read original story ...)
Japan’s Nikkei extends falls, but marks best month in 10
Japan's Nikkei share average wrapped up on Thursday its best month since November 2020 even as markets fell for a fourth straight session on concerns over China's economic growth due to a worsening ... ( read original story ...)
Japan’s Kishida moves to retain Aso as deputy PM, finance minister – Jiji
Japan's presumptive next prime minister, Fumio Kishida, has started making arrangements to retain Taro Aso as deputy premier and finance minister in the new cabinet, Jiji news agency reported on ... ( read original story ...)
Crypto Isn’t ‘The Second Coming’—Tesla’s Elon Musk Issues Serious Bitcoin Warning After China Crashed The Price
Tesla chief executive Elon Musk has warned he doesn't think crypto is "the second coming of the Messiah," adding it's "possible for governments to slow down [bitcoin and crypto's] ... ( read original story ...)
The US network of bitcoin ATMs is vulnerable to hacks, according to crypto exchange Kraken
Bitcoin ATMs may seem like a safe proposition, but a report by crypto exchange Kraken showed the network in the United States is vulnerable to hacks. ( read original story ...)
Japan’s Rakuten Group to Start Preparing for Bank Unit IPO
TOKYO (Reuters) -Japanese mobile phone services and online shopping mall operator Rakuten Group Inc said it will start preparing for an initial public offering of the group's online banking unit, as ... ( read original story ...)
Japan’s Rakuten prepares to take online banking unit public
Rakuten Group on Thursday said it is preparing to publicly list shares in online banking subsidiary Rakuten Bank in a move that would raise funds for its fastest-growing segment as the wider group ... ( read original story ...)
Japan e-commerce giant Rakuten to list online bank
Japanese e-commerce firm Rakuten Group Inc said on Thursday it is preparing to list its online banking unit, raising funds as it soaks up losses incurred from building its low-cost mobile ... ( read original story ...)