Signature Bank is one of the last remaining on-ramps between fiat currency and cryptocurrency after the liquidation of competitor Silvergate.
Top Fed official compares crypto assets to tulip frenzy
In his address, Barr remarked that crypto assets weren't just used by people with ample money for speculation but also by people with limited savings, citing that one-fifth of Ame
Seven & i to close additional 14 Ito-Yokado stores, exit apparel business
Japan's Seven & i Holdings Co Ltd said on Thursday it will close an additional 14 Ito-Yokado supermarket stores in Japan and fully exit from the apparel business as part of its structural reform plan. ( read original story ...)
Crypto bank Silvergate collapses; HS2 delayed; US jobless claims jump – as it happened
Rolling coverage of the latest economic and financial news, as crypto turmoil leads to an “‘orderly wind down’ and ‘voluntary liquidation’ of Silvergate bank
Bitcoin, ether fall after go-to crypto bank Silvergate announces liquidation
Crypto prices fell Thursday after Silvergate announced its decision to wind down operations and voluntarily liquidate.
Crypto bank Silvergate’s ‘collywobbles’ could add to industry’s woes
Crypto bank Silvergate bit the dust this week, leading some analysts to forecast bigger problems for the overall ecosystem
A Coinbase exec tried to tell a crowd of bankers that crypto is ‘the money of tomorrow’—and was immediately shot down by an ECB director on stage
The world according to Coinbase frames cryptocurrency in an unsurprisingly optimistic light: It's the "money of tomorrow", a form of payment that is more efficient, transparent and fair. The problem is some experts keep saying crypto isn't real money.
Japan to boost scrutiny over foreign investments in chips, batteries
Japan plans to add nine new fields, including semiconductors and storage batteries, to the list of "core" business sectors that require tougher pre-screening for foreign investors, the Finance ...
‘Sushi terrorist’ and 2 accomplices arrested in Japan after viral prank
Viral videos showed 21-year-old Yoshino Ryoga putting his saliva on utensils and sushi and licking the spout of soy sauce bottles at a conveyor-belt sushi restaurant in Nagoya City. ( read original story ...)
Japan must lose its Showa mentality
Showa is the name given to the reign of Japanese emperor Hirohito (1926-1989). Today the word is also used to describe, with a certain amount of exasperation, the attitude of those in Japan who cannot let go of the country’s high-growth era after the second world war. ( read original story ...)
Mt. Gox customers will have to wait until November before any lost Bitcoin funds are returned
Almost a decade on, customers of collapsed crypto exchange Mt. Gox could see some of their Bitcoin funds returned by the end of the year.
Counting Crypto On An Exchange
Crypto exchange wallets and apps look and feel like banking products, so many investors just assume that these platforms must abide by the same types of laws and regulations. But that is not true. What’s more,
Banks are under severe pressure this week, and it ain’t from crypto
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.