The selloff in Asia was led by South Korea, where the blue-chip Kospi dropped 3.6% and the small-cap Kosdaq fell 2%. Japan was also sharply lower by 1.6%, while losses in Australia, Hong Kong and ...
David Sacks says his time as Trump’s crypto and AI czar has ended
The venture capitalist said he will still be a part of the White House's Technology committee and will help push Trump's AI plan forward.
Bank of Japan Sees Natural Rate Gradually Rising, Signaling Room for Hikes
TOKYO—The Bank of Japan said the nation’s natural interest rate is gradually rising, suggesting there is still room for the central bank to pursue further monetary tightening.
Japan finance minister warns of oil-driven FX speculation, vows decisive action
TOKYO, March 27 (Reuters) - Japanese Finance Minister Satsuki Katayama said on Friday that the government was ready to take decisive steps on foreign exchange, warning against speculative trading ...
Housing giant Fannie Mae to accept crypto-backed mortgages for the first time
Digital assets are making a jump to the mainstream during a troubled time for the sector.
Rohm, Toshiba, Mitsubishi Electric to begin power chip integration talks, Nikkei says
Japan's Rohm , Toshiba and Mitsubishi Electric will start talks to integrate their power semiconductor businesses to form the world's second-biggest power chip group after Germany's Infineon , the ...
Taiwan’s Turing Drive targets Japan expansion to scale self-driving tech
Turing Drive, a Taiwanese startup specialising in autonomous driving technology for specialised uses, plans to expand further in Japan as a step towards wider commercial deployment, Nikkei Asia has ...
Exclusive: Megapot raises $5 million to create a crypto-powered global lottery
The founder says he hopes the online jackpots, which cost $1 to enter, will bring a billion people onto blockchain networks.
Fannie Mae accepts first crypto-backed mortgage product
Better Home and Finance is partnering with Coinbase on a crypto-backed mortgage that conforms to Fannie Mae guidelines.
Crypto for a home? Coinbase brings token-backed down payments to housing market
March 26 (Reuters) - Coinbase is teaming up with Better Home & Finance to let homebuyers pledge their crypto holdings as collateral for down payments, marking one of the most ambitious attempts yet to ...
Nvidia faces lawsuit over $1 billion in undisclosed crypto mining revenue
On March 25, a California federal judge certified an investor class in a securities lawsuit against Nvidia Corporation (Nasdaq: NVDA) and its founder and CEO, Jensen Huang. The lawsuit accuses the ...
Elon Musk welcomes crypto veteran to X
Elon Musk’s X has hired Benji Taylor, a product designer with over five years of experience in the crypto industry, as the design head at the social media platform. In August 2020, Taylor founded a ...
Fannie Mae to accept crypto-backed mortgages for the first time
The move allows home buyers to pledge bitcoin and other cryptocurrencies when making a down payment.
Chinese Firms Charged in Crypto-Linked Fentanyl Trafficking Scheme — FBI Says
Chinese firms tied to alleged fentanyl supply chain. Criminals are increasingly using digital assets in illicit supply chains. Crypto crime is expanding beyond finance into ...
Coinbase, Fannie Mae bring crypto-backed mortgages to homebuyers
The crypto exchange is working with financial technology mortgage firm Better, a Fannie Mae-approved mortgage seller.
Japan to temporarily lift coal power plant curbs over Hormuz crisis
TOKYO -- The Japanese government will temporarily lift restrictions on the operation of coal-fired power plants to lower the risk of an energy shortage as the war in the Middle East chokes off ...