Japan's Nikkei recorded its worst week since late November, as a surge in U.S. inflation and little progress in talks between Ukraine and Russia's foreign ministers soured risk sentiment. ( read original story ...)
Japan’s Nikkei falls 2% as shares in Asia decline; Chinese tech stocks in Hong Kong drop
The Nikkei 225 in Japan fell 2.05% on Friday, shedding some of its nearly 4% gain on Thursday, with shares of conglomerate SoftBank Group dropping 6.21%. ( read original story ...)
Stripe is supporting crypto, again
Payment giant Stripe is back in the cryptocurrency business with the launch of a suite of products to support crypto payments on its platform. "Stripe now supports crypto businesses: exchanges, ... ( read original story ...)
Crypto’s War Test Leaves Future of Money Debate Wide Open
The sector’s performance since Russia’s invasion has showcased digital assets’ uses and limitations, while reinforcing crypto’s divergent narratives. ( read original story ...)
Crypto Scams Growing Says Key Bank Regulator
He pointed out crypto theft hit $3.2 billion in 2021, a 516 percent increase over 2020 with the biggest threat coming from so-called rug pulls, where legitimate-looking crypto projects were used to ... ( read original story ...)
Coupang Lost Nearly Half Its Value in Year Since Its Mega IPO
South Korea’s e-commerce giant Coupang Inc. lost nearly half of its value since it’s mega listing in the U.S. one year ago, an anniversary heralding little cheer for holders including Softbank Group ... ( read original story ...)
Japan’s Nikkei dives back towards 16-month low as Ukraine worries weigh
TOKYO, March 11 (Reuters) - Japan's Nikkei stock index retreated towards a 16-month low on Friday, as risk sentiment soured after talks between Ukraine and Russia's foreign ministers made little ... ( read original story ...)
Bank of Japan in dilemma as Ukraine crisis raises specter of price hikes
Painful price hikes are in the offing in Japan, with consumers paying more for everything from gasoline and electricity to rice balls ... ( read original story ...)
Japan not considering new stimulus package, says Finance Minister Suzuki
Japan's government is not considering compiling a fresh economic stimulus package as it focuses on passing the fiscal 2022 budget through parliament, Finance Minister Shunichi Suzuki said on Friday. ( read original story ...)
Japan’s Household Spending Falls Amid Fears of Economic Setback
Japan’s household spending fell in January, as consumers held back on spending during the rapid spread of the omicron variant and renewed restrictions on activity, adding to the risk that the economy ... ( read original story ...)
Hedge Funds Are Finally Finding Love for Bitcoin and Crypto
Some of the largest hedge funds are reportedly increasing their holdings in cryptocurrencies. The list includes names like Brevan Howard Asset Management LLP and Tudor Investment ... ( read original story ...)
Crypto poses serious 401(k) risks, Biden administration warns
The U.S. Department of Labor warned employers that they could breach their legal duties by adding crypto investments to 401(k) plans. ( read original story ...)
Crypto tax software startup BearTax lands $3.2M
BearTax, a Seattle startup that helps cryptocurrency investors file taxes, raised a $3.2 million seed round led by Seattle VC firm Ascend. The company is led by Tela Andrews, a former product ... ( read original story ...)
Japan’s SBI Sumishin Net Bank to postpone $1.2 bln IPO
Japan's SBI Sumishin Net Bank Ltd said on Monday that it will postpone a planned $1.2 billion initial public offering (IPO) scheduled for this month due to the market downturn triggered by the war in ... ( read original story ...)
Japan’s Hitachi to suspend Russia operations after Ukraine request -Nikkei
Japan's Hitachi decided on Thursday to suspend operations in Russia following a request from the Ukrainian government to do so, the Nikkei newspaper said.The company said in a statement on Thursday it ... ( read original story ...)
What Biden’s Crypto Policy Directive Means to Small Business
The executive order had no new policies or regulations. Instead, it ordered a first-of-its-kind government-wide collaborative study to research crypto and form recommendations ... ( read original story ...)