Crypto conglomerate Digital Currency Group used funds it borrowed from its struggling Genesis unit to invest in another subsidiary’s products, highlighting the delicate links across billionaire Barry ...
MUFG’s consumer finance deals show southeast Asia is Japan’s banking future
Danamon in Indonesia and the Bank of Ayudhya purchase, alongside an entry into and exit from CIMB in Malaysia, and alliances in Myanmar and Cambodia. The logic has always been very clear. Japan has an ...
What the Latest Crypto Crash Means for ETFs
The crypto market may not be dead, but it’s arguably in a temporary coma thanks to the spectacular implosion of Sam Bankman-Fried’s FTX. The bankrupt crypto exchange, with billions of dollars of ...
$740M in crypto assets recovered in FTX bankruptcy so far
The numbers were disclosed on Wednesday in court filings by FTX, which hired the cryptocurrency custodial company BitGo hours after FTX filed for bankruptcy on Nov. 11. The biggest worry for many of ...
Japan stocks higher at close of trade; Nikkei 225 up 0.95%
Japan stocks were higher after the close on Thursday, as gains in the Gas & Water, Pharmaceutical Industry and Insurance sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 0.95% to ...
Shionogi seeks Japan approval for COVID-19 vaccine
Shionogi & Co Ltd said on Thursday it had filed for approval in Japan of its experimental COVID-19 vaccine. The move comes two days after Japanese regula ...
Global Risks to Keep BOJ From Adjusting Yield Cap Next Year – Ex-Central Bank Executive
Growing risks of a global economic slowdown will likely prevent the Bank of Japan (BOJ) from phasing out its stimulus programme, at least until 2024, former BOJ executive Kazuo Momma told Reuters on ...
Japan’s Mitsubishi UFJ to buy two Asia units of Home Credit for $620 mln
Japan's Mitsubishi UFJ Financial Group Inc said on Thursday it would buy the Philippines and Indonesian units of Dutch consumer finance company Home Credit BV (HC) for about 596 million euros ($621 ...
Latest Crypto News: Bank of Japan Plans Digital Yen In 2023, Estonian Duo Accused of $575 Million Crypto Scam
Sanjay Nirupam reminisces about the week he was part of Rahul Gandhi’s ambitious yatra, while giving us blow-by-blow account of the journey he took on foot with hundreds of party members and ...
Global Regulators to Target Crypto Platforms After FTX Crash
Crypto 'conglomerates' like FTX have emerged ... market watchdogs like the Securities and Exchange Commission in the United States, Bafin in Germany, Japan's Financial Services Agency, and the UK ...
Crypto’s bad incentives are dying
However, these catastrophes have not been a result of the underlying technology being fundamentally bad or broken or evil. Rather, they are the result of another Munger maxim: “Show me the incentive ...
Japanese founder-led employee benefit platform Venteny files for IPO in Indonesia
Tokyo-headquartered AnyMind Group, running its business mainly in Japan and other Asian countries, announced on Tuessday that its IPO application to list on the Tokyo Stock Exchange had been approved.
Nikkei ends at 2.5-month high on prospects of slowing U.S. rate hikes
Tokyo's Nikkei index ended at a two-and-a-half month high Thursday on prospects of slowing interest rate hikes in the United States, while World Cup-related issues were sought after Japan's surprise ...
DCG’s Barry Silbert reveals crypto firm has $2 billion in debt as he tries to calm investors after FTX
Barry Silbert, the founder of crypto conglomerate DCG, said his company is on pace to generate $800 million in revenue this year as he tries to calm investors.
The Future Of Crypto In Australia
Unsurprisingly, regulation of crypto has long been on the agenda. But it has been slow to take shape, as regulators grapple with understanding the market and establishing controls without stifling innovation.
Nikkei hits 2.5-month high in morning on slower U.S. rate hike views
Tokyo's Nikkei index hit a two-and-a-half month high Thursday morning on prospects of slower interest rate hikes in the United States, with World Cup-related issues also drawing buying after Japan's ...