The Nikkei index surged Friday morning, briefly gaining over 2 percent, as the market was supported by some upbeat earnings from Japanese companies as well as bargain-hunting after the benchmark fell ... ( read original story ...)
Japan April Consumer Inflation Seen Exceeding Central Bank’s 2% Goal: Reuters Poll
TOKYO (Reuters) - Japan's core consumer inflation in April is expected be slightly higher than the central bank's 2% target, hitting a seven-year peak as sharp climbs in fuel and global commodity ... ( read original story ...)
Are we looking at a “crypto winter”? Cryptocurrency experts weigh in
The focus on cryptocurrency is intensifying after a week of volatility. Crypto, unlike government-issued dollars, is a decentralized digital currency, so the value can go up or down quickly. ( read original story ...)
We’re selling another loser. Crypto’s collapse is part the reason
One reason stocks have been sinking and unable to sustain any type of bounce has to do with the recent carnage in bitcoin and other crypto markets. ( read original story ...)
A Second Stablecoin Wobbles, Further Undermining Crypto Markets
Tether, a central pillar of the cryptocurrency market, is showing signs of weakness. That could have vast implications. ( read original story ...)
Crypto Billionaire Takes Big Stake in Meme-Related Company
The billionaire founder of cryptocurrency exchange FTX has taken a big stake in a company at the heart of the meme-stock mania in early 2021. Samuel Benjamin Bankman-Fried acquired the shares over a ... ( read original story ...)
Warnings From the Crypto Crash
As the Federal Reserve withdraws liquidity to fight inflation, stablecoins won’t be the last casualties. ( read original story ...)
Crypto meltdown prompts Yellen to call for new regulation
Treasury Secretary Janet Yellen, responding to the recent sharp decline in the value of cryptocurrencies, said Thursday that additional federal regulation was needed to respond to the wave of ... ( read original story ...)
Bill Miller says he sold some bitcoin to meet margin calls, but remains a long-term crypto bull
Bill Miller revealed Thursday that he sold some of his bitcoin holdings as the recent losses in the cryptocurrency triggered margin calls. ( read original story ...)
Japan Finance Minister Suzuki says it’s wrong to assume BOJ will buy bonds indefinitely
Japanese Finance Minister Shunichi Suzuki said on Friday it was inappropriate to guide fiscal policy on the assumption the central bank will keep buying government bonds indefinitely."The Bank of Japa ... ( read original story ...)
CEO of FTX crypto exchange buys big stake in Robinhood
The CEO of cryptocurrency exchange FTX has bought a 7.6% stake in Robinhood Markets, according to a filing with U.S. regulators on Thursday. Samuel Bankman-Fried said in the filing that he bought the ... ( read original story ...)
Crypto Meltdown Prompts Treasury Secretary to Call for New Regulation
We really need a regulatory framework to guard against the risks,” Yellen said of cryptocurrencies called stable coins. ( read original story ...)
Stablecoins are struggling to survive the crypto crash
Because of the way that algorithmic stablecoins operate, this caused a huge increase in the supply of the corresponding Luna cryptocurrency token, which is traded against UST in order to balance the ... ( read original story ...)
Chainalysis expands crypto fraud detection platform with $170M
Chainalysis raises $170 million to expand its crypto fraud detection platform and help enterprises combat financial crime. ( read original story ...)
Crypto Crash Explained—Why Bitcoin, Luna, Ethereum Prices Plummeting
Treasury Secretary Janet Yellen said that financial regulators would soon release a report on the risks of cryptocurrency and other digital assets. ( read original story ...)
Why the black sheep of the crypto world has investors in a panic
Within the often head-scratching world of cryptocurrencies, there's a small but growing sub-species known as "algorithmic stablecoins" that have some investors and regulators ringing alarm bells. ( read original story ...)