The European Union Agency for Law Enforcement Cooperation or Europol, the law enforcement agency of the European Union (EU), supported law enforcement authorities from Switzerland and Germany in ...
Crypto mogul Do Kwon sentenced to 15 years in prison for $40 billion stablecoin fraud
Onetime cryptocurrency mogul Do Kwon was sentenced Thursday to 15 years in prison after a $40 billion crash revealed his crypto ecosystem to be a fraud.
Crypto founder Do Kwon sentenced to 15 years in prison over $40 billion collapse
Kwon, who co-founded Terraform Labs and developed the TerraUSD and Luna currencies, pleaded guilty and admitted misleading investors.
Analyst downgrades crypto’s most subscribed IPO as stock sinks
Circle Internet Group (NYSE: CRCL) went public on June 5 on the New York Stock Exchange in what became crypto’s most oversubscribed IPO in decades.
Crypto Entrepreneur Do Kwon Gets 15-Year Prison Sentence
The $40 billion crash of Kwon’s TerraUSD and Luna coins triggered a cascade of company failures across the crypto sector.
Crypto speculation at 2024 lows as TradFi leveraged ETFs hit record $239B
Memecoin dominance is at a 2024 low amid low crypto investor risk appetite, while speculative appetite in traditional finance is bolstering leveraged ETFs to new all-time highs of $239 billion.
Japan, Central Asia to partner on AI mining tech at maiden summit
TOKYO -- Japan will soon establish a framework with Central Asian countries where Japanese artificial intelligence technology will help develop the region's mining sector, Nikkei has learned, as Tokyo ...
Japan central bank may raise key interest rates first time since January to highest level in 30 years. Check factors that are driving Bank of Japan’s likely big bold step
Central banks use the neutral rate as a benchmark in setting policy. But it is not directly observable and hard to estimate as factors affecting it, like productivity, change over time.
Kalshi Challenges Polymarket’s Crypto Connections, Launching Tokenized Event Trading Via Phantom Wallet
As Kalshi’s trading volume surpasses Polymarket’s, it will now offer prediction market access to Phantom’s 15 million users on Solana.
Crypto tax notices: File revised return before assessment, update later
A revised return can be filed before assessment or notice, while an updated return may be filed thereafter. “Once proceedings like search or survey begin, an updated return may not be allowed, and specialised tax or legal advice becomes essential,” says Panjiar.
Bank of Japan set for first rate hike in 11 months
TOKYO -- The Bank of Japan is moving to raise its policy rate at the Dec. 18-19 monetary policy meeting with a 25-basis-point increase from 0.5% to 0.75% emerging as the leading option, Nikkei has ...
Crypto fraudster sentenced for 15 years prison for $40 billion fraud
A South Korean national and former crypto entrepreneur had been had been sentenced to jail for an ‘epic’ fraud.Do Kwon, was co-founder of Singapore-based Terraform Labs, which
Klarna Partners With Privy to Explore Crypto Wallet Use Within its Ecosystem
The project aims to make crypto more accessible to everyday users, building on Klarna's recent launch of KlarnaUSD, a dollar-backed stablecoin.
The rebirth of the Nikkei: why investors are turning their eyes to Japan
The Japanese stock market has made a strong comeback and is once again on investors’ radar after years of being overlooked due to a weak economy and a deflationary backdrop.
Japans Nikkei climbs after relief rally on Wall Street; tech shares slide
The Nikkei 225 Index rose 0.9% to 50,610.04 as of the midday break, set to eke out a 0.2% gain on the week. The broader Topix was up 1.6% after reaching a record intraday high of 3,420.57.
Kyocera and Canon to invest in Japanese chipmaker Rapidus
TOKYO -- Over 20 Japanese companies including Kyocera, Canon and Honda Motor are making fresh investments in chipmaker Rapidus, which aims to domestically produce cutting-edge semiconductors, Nikkei ...