There are "strong indications" that North Korea-run hacking group Lazarus orchestrated the attack, according to blockchain analytics firm Elliptic. ( read original story ...)
How North Korea Used Crypto to Hack Its Way Through the Pandemic
The isolated country continues to find ways to evade sanctions and generate income while operating on the fringes of the global financial system. ( read original story ...)
Japan shares lower at close of trade; Nikkei 225 down 1.54%
Japan equities were lower at the close on Thursday, as losses in the Rubber, Transportation Equipment and Machinery sectors propelled shares lower. At the close in Tokyo, the Nikkei 225 lost 1.54%. ( read original story ...)
Japanese stocks drop 1.5% as production data fans slowdown fears
Japanese stocks dropped on Thursday, losing more than 1.5% after data showed that monthly industrial production fell the most in two years and the yen weakened to a 24-year low overnight, stoking ... ( read original story ...)
Japan: industrial production records biggest fall in two years
The sharp decline in industrial production indicates that Japan’s second-quarter GDP rebound should be limited, and it is clear that the Bank of ... ( read original story ...)
Shoei Kisen taps Tokyo for mega container ship funding
Shoei Kisen is taking advantage of a Japanese government-backed overseas infrastructure development scheme to finance two 24,000-teu container ship newbuildings. The funding is being sourced from the ... ( read original story ...)
Crypto Crash: A First Big Domino Falls. Who’s Next?
Hedge fund Three Arrows Capital (3AC), which bet big on failing crypto Luna and UST, has just fallen into liquidation. ( read original story ...)
Japan stocks drop as lacklustre production data dents sentiment
Japanese stocks lost nearly 1% on Thursday, after data showed that monthly industrial production fell the most in two years and the yen hit a 24-year low overnight, stoking fears of an economic ... ( read original story ...)
Crypto Crash Exposes Robinhood and Coinbase To Predators
On June 29, 2021, Coinbase Global - Get Coinbase Global Inc Report and Voyager Digital - Get Voyager Digital Ltd Report both had thei ... ( read original story ...)
YTD 2022 saw dramatic slowdown in global IPO activity from a record year in 2021
IPO momentum continued to slow from Q1 into Q2, resulting in a considerable decline in both deal numbers and proceeds. Heightened ... ( read original story ...)
Asia-Pacific markets set to open lower; China PMI data ahead
Shares in the Asia Pacific look set to open lower as investors await data from China. Japan is set to report its preliminary industrial production data on Thursday. In corporate news, Toyota Motor ... ( read original story ...)
Crypto crisis: how digital currencies went from boom to collapse
Savers talk of devastating losses as assets such as bitcoin and ‘stablecoins’ like terra fell sharply ... ( read original story ...)
Crypto Loves Its Shadow Banks
Now, just as crypto disrupted the concept of value, decentralized finance is poised to disrupt finance itself. The populist movement promises huge returns for daring investors. But with DeFi’s promise ... ( read original story ...)
Crypto hedge fund Three Arrows falls into liquidation
Crypto hedge fund Three Arrows Capital has fallen into liquidation, becoming the latest high-profile victim of the credit crisis sweeping through the digital asset market. Teneo was appointed this ... ( read original story ...)
The Young Billionaire Who Wants to Save Crypto From Chaos
Since the cryptocurrency crash, embattled firms have turned to one name to avoid their collapse: Sam Bankman-Fried. ( read original story ...)
Crypto billionaire Sam Bankman-Fried says more exchanges will fail as the industry faces a brutal downturn
Crypto exchange FTX has lent money to floundering players in the industry, but its CEO says that many others lack a "business left to be saved." ... ( read original story ...)