The bank sold assets at a loss to cover withdrawals and cut 40% of its staff but remains committed to crypto.
SEC intervenes on Binance US bid to buy assets of bankrupt crypto lender
The Securities and Exchange Commission has intervened in a deal that would see Binance US buy the assets of a bankrupt crypto lender, in a sign of how US authorities are stepping up their scrutiny of ...
Silvergate Capital’s crypto-related deposits plunge in fourth quarter
Silvergate Capital Corp's crypto-related deposits plummeted in the fourth quarter, according to a preliminary earnings report on Thursday, as souring crypto sentiment following the collapse of FTX ...
NJPW, NOAH joint show set for January 21 Wrestle Kingdom 17 event
This follows an angle that took place backstage at Wrestle Kingdom 17 on Saturday where members of NOAH stable KONGO (Kenoh, Katsuhiko Nakajima, Tadasuke, Hajime Ohara, and Hi69) ... ( read original story ...)
Negative-yielding debt wiped out by Japan central bank’s policy shift
The global stock of negative-yielding bonds has dwindled to zero after last month’s unexpected policy shift by the Bank of Japan undermined the last bastion of sub-zero yields. Negative yields — which occur when bond prices climb so high that buyers holding them to maturity are guaranteed to lose money — engulfed a broad swath ...
NJPW And Pro Wrestling NOAH Joint Show Announced For January 21
Wrestle Kingdom 17 Part Two will be a joint show. New Japan Pro-Wrestling and Pro Wrestling NOAH announced that Wrestle Kingdom 17 Part Two on January 21 will be a joint show between the two ... ( read original story ...)
People in Tokyo wait in line 3 hours for a taste of these Japanese rice balls
Onigiri Bongo has served the humble onigiri, or rice ball, for 60 years. The current owner is the widow of the original owner, whom she married after discovering the restaurant as a newcomer to Tokyo. ( read original story ...)
Japan PM Kishida urges faster wage hikes to avoid stagflation
By Yoshifumi Takemoto and Tetsushi Kajimoto TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida called on Thursday for business leaders to accelerate wage rises, warning that the economy risked ... ( read original story ...)
Shigeru Ban designs Odin Hills alpine luxury chalets in Japan
The upcoming Odin Hills in Niseko features eco-conscious Nordic-Japanese designs conceived by Pritzker-prize winning architect Shigeru Ban. ( read original story ...)
Roundup: Japan’s Nikkei rebounds as exporters, chip issues find favor
Japan's benchmark Nikkei stock index rebounded on Thursday from its 10-month closing low, as a weaker yen lifted exporter shares, while chip-oriented issues also found favor. The 225-issue Nikkei ...
Bank Of Japan Should Study Paul Volcker Era
Yet written between the lines in bold font here is that Tokyo needs to be studying up on the Paul Volcker era. As Federal Reserve chairman from 1979 to 1987, Volcker came to personify the idea of the ...
Japan lifts coupon rate on 10-year JGBs to 0.5%, highest since 2014
Japan's Ministry of Finance raised the coupon rate on the 10-year Japanese government bonds (JGBs) in an auction held on Thursday, the highest since December 2014, it said. The coupon-rate on 10-year ...
Japan’s MOF lifts coupon rate on 10-year JGBs to 8-year high after BOJ move
While a higher coupon rate could squeeze public finances, it will benefit investors as it brings higher return on their bond investment.
Japan lifts coupon rate for 10-yr gov’t bond to 0.5%, highest in 8 yrs
The Japanese government on Thursday more than doubled the coupon rate for new 10-year government bonds to 0.5 percent, the highest in ...
Japan stocks higher at close of trade; Nikkei 225 up 0.40%
Japan stocks were higher after the close on Thursday, as gains in the Banking, Insurance and Finance & Investment sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 0.40%. The ...
9 sent to hospital in Tokyo after choking on New Year’s rice cake, 1 dead
One person in Tokyo has choked to death on rice cake, one of nine people rushed to hospital in the first three days of January with the Japan ( read original story ...)