Crypto is only a small part of a much bigger series of worries. Fed funds higher for longer, exposure to commercial real estate and higher deposit costs.
Bankrupt Crypto Exchange FTX to Sell Sequoia Stake to Abu Dhabi Firm for $45 Million
Liquidators for defunct crypto exchange FTX asked a judge to approve the sale of its interest in venture capital firm Sequoia Capital to an Abu Dhabi state-backed investment firm, in a deal that values the stake at $45 million.
Proven raises $15.8 million to rebuild trust in crypto with zero-knowledge proofs
The New York City-based company, which was founded in 2022, on Thursday announced a $15.8 million funding round led by Framework Ventures that will help it develop its product and grow its team to 12 or 15 people by the end of 2023.
Japanese lunar lander company ispace to go public
Japanese lunar exploration company ispace plans to list its shares on the Tokyo Stock Exchange next month, just before its first landing attempt.
The Bank of Japan Has Its Own Inflation Problem. It’s the Opposite of the Fed’s.
Americans have experienced the fastest inflation in a generation over the past year. Shoppers hoping for a world in which prices don’t go up should be careful what they wish for. Take a look at Japan, ...
Cheery blossom parties to return to Tokyo parks next week
According to Japan's public broadcaster NHK, the Tokyo metropolitan government plans to open its public parks for unrestricted cherry blossom viewing and parties from Monday. The move by the ... ( read original story ...)
Japan’s Seven & i to close Ito-Yokado stores, exit apparel business
Seven & i Holdings Co., the operator of the Seven-Eleven convenience store chain, said Thursday it will cut the number of its Ito-Yok ... ( read original story ...)
3 Arrested in Japan Over a Viral Stunt Branded ‘Sushi Terrorism’
A young man licked a soy sauce bottle in a restaurant, in one of several cases that have provoked a national wave of revulsion. ( read original story ...)
Crypto bank Silvergate collapses; UK house prices ‘on downward trajectory’; HS2 delays expected – business live
The turmoil in the crypto sector following the collapse of crypto exchange FTX has claimed crypto-focused bank Silvergate. Silvergate Capital Corp announced last night that it plans to wind down Silvergate Bank‘s operations and voluntarily liquidate it in an orderly fashion,
Crypto stocks slide after Silvergate decides to shut down
Shares of crypto-focused companies fell on Thursday in premarket trading after Silvergate Capital Corp disclosed plans to wind down operations and voluntarily liquidate, as the aftermath of FTX's implosion last year reverberates through the industry.
Bira 91 raises $10 million from Japan’s MUFG Bank
B9 Beverages, which owns Indian craft beer brand Bira 91, has raised $10 million from Japan's largest bank MUFG Bank, months after it secured $70 million in a Series-D funding round, which was led by ...
Arrests made after ‘sushi terror’ pranks outrage Japan and halt conveyor belts
A wave of pranks dubbed “sushi terrorism” has made Japanese diners think twice about the country’s iconic conveyor belt restaurants, driving changes to the way chains serve the signature dish and now ... ( read original story ...)
Japan’s largest union group clinches pay deal exceeding inflation ahead of ‘shunto’ day
Workers from Japan's largest group of trade unions have struck early agreements for hefty wage hikes with employers as cost of living pressures grow and businesses scramble to secure staff amid a labour crunch, ( read original story ...)
Credit Suisse cuts most Japan investment banking staff -sources
Credit Suisse Group has cut most of the 20-plus jobs at its investment banking division in Japan, three people familiar with the matter said, as the embattled Swiss bank revamps its business globally. ( read original story ...)
Yokohama Off-Highway Tires announces global leadership change
The company says with its expanding global footprint in over 120 countries and a growing product portfolio, Modi and Chincholikar will have the remit to lead and develop the finance and people ... ( read original story ...)
Silks Hotel Group Opens its First Overseas Hotel, Just Sleep Osaka Shinsaibashi, A Boutique Lifestyle Hotel Inspired by Local Culture
TAIPEI, March 9, 2023 /PRNewswire/ -- Silks Hotel Group (SHG) celebrated the grand opening of its first overseas hotel on March 1st, situated in Osaka's bustling Shinsaibashi district. The inaugural ... ( read original story ...)