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Tag: finance

Posted on 01/02/2022

Binance is reportedly building a $1 billion insurance fund to counter crypto hacks

Binance on January 29 also restricted 281 personal Nigerian accounts, with approximately 38% of these at the request of international law enforcement. ( read original story ...)

Posted on 01/02/2022

Fireblocks raises $550 million amid surging crypto infrastructure funding

US-based crypto as a service platform Fireblocks raised $550 million in Series E funding, quadrupling its valuation to $8 billion from six months ago. ( read original story ...)

Posted on 01/02/2022

January Selloff Wiped $500 Billion Off Crypto Market Cap

Since the beginning of the year, the market value of cryptocurrencies has decreased by approximately $500 billion, plummeting from $2.2 trillion to $1.68 trillion. ( read original story ...)

Posted on 01/02/2022

Billionaire Bankman-Fried’s Crypto Exchange FTX Lands $32 Billion Valuation And $400 Million In New Funding

In its third funding round in six months, FTX Trading, one of the world's busiest cryptocurrency exchanges, has raised another $400 million in new investments, the firm announced Monday morning, ... ( read original story ...)

Posted on 31/01/2022

Terra’s luna crypto coin slides 10% after DeFi project Wonderland collapses in controversy

Terraform Labs' luna coin fell sharply on Monday as controversy enveloped DeFi platform Wonderland, denting related tokens in the ecosystem. ( read original story ...)

Posted on 31/01/2022

As crypto floods Texas, high energy use draw Congressional scrutiny

To beat out other miners doing exactly the same thing requires not only fleets of increasingly fast computers but huge amounts of energy to run them. From wind farms in West Texas to an old coal plant ... ( read original story ...)

Posted on 31/01/2022

Northern Data Bets On Crypto To Bankroll Its Cloud Ambitions

Investment in high-end, sustainable computing power gives Northern Data an edge in the cryptocurrency mining sector, but the bigger opportunity lies in cloud computing services ... ( read original story ...)

Posted on 31/01/2022

Binance Builds Up $1 Billion Insurance Fund Amid Crypto Hacks

Binance Holdings Ltd. has built up a $1 billion insurance fund for its users amid a barrage of hacks on cryptocurrency trading platforms, according to a memo. ( read original story ...)

Posted on 31/01/2022

Japan Nikkei extends gain on upbeat offshore lead, sold earnings

At closing bell, the 225-issue Nikkei Stock Average advanced 284.64 points, or 1.07%, to 27,001.98. The broader Topix index of all First Section issues on the Tokyo Stock Exchange gained 19.04 points, ... ( read original story ...)

Posted on 31/01/2022

Japan – Skadden Advises The Underwriters In JBIC’s US$500 Million Government-Guaranteed Green Bonds Offering.

Skadden advised J.P. Morgan, Crédit Agricole CIB, Daiwa Capital Markets Europe and Morgan Stanley as the underwriters in the US$500,000,000 offering of 1.625% government guaranteed bonds due January ... ( read original story ...)

Posted on 31/01/2022

Crypto risks ‘destabilising’ emerging markets, says senior IMF official

Sharp price swings in cryptocurrencies are causing “destabilising” capital flows in emerging markets, and the use of crypto in place of traditional currencies poses “immediate and acute risks”, ... ( read original story ...)

Posted on 31/01/2022

Crypto Exchange BitMEX Airdrops 1.5M BMEX Tokens to Users

Crypto exchange BitMEX airdropped 1.5 million BMEX, its first native tokens, to users as it looks to revive retail interest. The tokens were airdropped based on a user’s previous activity on the ... ( read original story ...)

Posted on 31/01/2022

Nikkei extends gains after Japan premier says he is not considering lockdowns

Japan's Nikkei share average extended its tech-driven rally in afternoon trade after the country's premier said he is not currently considering issuing a new state of emergency. Chipmakers, Sony and ... ( read original story ...)

Posted on 31/01/2022

China and Japan are Citi’s top picks for Asia markets

Asian markets are well placed compared to the U.S., and Japan and China are the top picks, according to an investment strategist from Citi Private Bank. ( read original story ...)

Posted on 31/01/2022

Japan’s factory output dips more than expected as risks emerge

While the ECB is expected to maintain the status quo, the BoE is likely to raise rates by 25bps to 0.5%. Markets will also keep an eye on US-Russia tensions around Ukraine. The risk sentiment that had ... ( read original story ...)

Posted on 31/01/2022

Buyback Regulation Concerns Are Overblown, Tokyo Stock Exchange Chief Says

Japanese Prime Minister Fumio Kishida sent a chill through local markets late last year with talk of introducing restrictions on share buybacks, but the head of the Tokyo Stock Exchange says investors ... ( read original story ...)

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