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Posted on 07/06/2024

A crypto wunderkind’s $200 million fund had the backing of investors like Bill Ackman and Galaxy. Then everything went south

A crypto boy wonder rises through the ranks of blue-chip institutions, with credentials from MIT, Morgan Stanley, and the Forbes 30 under 30 list. He gains the trust and support of leading investors ...

Posted on 07/06/2024

Hulk Hogan warns followers about crypto token, implies he was hacked

That seems to be the takeaway from $HULK, a new crypto memecoin that was launched on Thursday night and promoted by Hulk Hogan's official X (formerly Twitter) account. The coin pumped in value before ...

Posted on 07/06/2024

These Entrepreneurs Went All In On A Crypto Casino—And Became Billionaires

Ed Craven and Bijan Tehrani parlayed Stake’s success into launching a streaming platform, sponsoring an F1 team—and billion-dollar fortunes.

Posted on 07/06/2024

Semler Scientific To Raise $150M To Buy More Bitcoin

Medical device maker Semler Scientific acquired 247 more Bitcoin and plans to raise $150 million to further expand its Bitcoin treasury holdings, following MicroStrategy's lead.

Posted on 07/06/2024

Japan Runs on Vending Machines. It’s About to Break Millions of Them.

New yen notes set to be introduced this summer won’t be compatible with many machines that businesses like ramen shops rely on.

Posted on 07/06/2024

Japan’s Nikkei edges down ahead of key US data, central bank meetings

TOKYO: Japan’s Nikkei share average edged lower on Friday, dragged down by technology stocks, as investors sought further direction from a key US jobs report due later in the day and central bank ...

Posted on 07/06/2024

Why Crypto Crime In Asia Is Becoming More Problematic

Despite strides to reign in crypto-enabled crime in Asia, more remains to be done and central banks and regulators are moving forward to make it happen.

Posted on 07/06/2024

‘Jesus was the best affiliate marketer in the world’: How a ‘Reverend CEO’ allegedly stole $1 billion in a crypto scam

Over three years, investigators say Cynthia Petion and her husband, Eddy, brought in $1 billion worth of cryptocurrency investments. But it was all

Posted on 07/06/2024

Japan’s Rapidus raises sales target on upbeat outlook for AI devices

TOKYO -- Japanese government-backed chipmaker Rapidus is aiming for higher sales for its cutting-edge semiconductors than previously anticipated as it expects strong demand for AI in PCs and ...

Posted on 07/06/2024

Japan’s Nikkei rises as chip-related shares track US peers higher

TOKYO: Japan’s Nikkei share average ended higher on Thursday as Tokyo Electron and other chip-related stocks tracked their US peers higher, but gains were capped amid caution ahead of global central ...

Posted on 07/06/2024

Japan household spending sees first rise in 14 months

Japan's household spending rose in April for the first time in 14 months, official data showed Friday, as wages grow at the fastest pace in three decades.The figure was up 0.5 percent on-year with ...

Posted on 07/06/2024

Japan finance minister says forex intervention should be done in restrained manner

Japan's Finance Minister Shunichi Suzuki said on Friday that foreign exchange intervention should be done in a restrained manner, after data suggested Tokyo tapped a vast pool of foreign reserves for ...

Posted on 07/06/2024

Japan Likely Sold Treasuries to Fund Record Yen Intervention

Japan’s holdings of foreign securities dropped sharply in May, indicating that the government likely financed most of its recent record currency market intervention by selling securities including ...

Posted on 07/06/2024

New York sues over $1 billion crypto frauds targeting immigrants

New York Attorney General Letitia James sued two cryptocurrency companies and their promoters, saying they defrauded hundreds of thousands of victims out of more than $1 billion by preying on the religious faith of people from Haitian and other immigrant communities.

Posted on 07/06/2024

Scoop: Ex-federal agents and prosecutors ask White House to help imprisoned crypto exec

A group of over 100 former federal prosecutors and federal agents on Thursday sent a letter to Secretary of State Tony Blinken, asking that the U.S. government "step up its efforts" to secure the release of crypto executive Tigran Gambaryan from a Nigerian prison, Axios has learned.

Posted on 07/06/2024

Asia markets are set for mixed open as investors await China trade numbers and Japan pay data

Asia-Pacific stocks were set for a mixed open on Friday as investors awaited key economic data from China and Japan, with markets also assessing the European Central Bank's rate cut. China's May ...

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