Do Kwon, the founder of Terraform Labs, the ecosystem behind the Luna and UST cryptocurrencies which collapsed last May, has been arrested in Montenegro, according to local authorities.
Coinbase execs weigh in on the crypto’s future in US amid regulatory scrutiny
Coinbase was issued a Wells notice from the U.S. Securities and Exchange Commission on Wednesday, and executives from the company took to Twitter Spaces to discuss the decision and what Coinbase’s ...
Why Japanese banks are well placed to withstand banking crisis
Yet regulators and industry heads have been quick to say Japan’s financial system is sound, while analysts have been busy reassuring worried bank investors. Below are four reasons why fears of a ...
Asian shares falter on banking concerns, bonds bet on last rate hikes
Asian shares were lower on Friday as lingering banking stability concerns gripped Wall Street, while bonds bet the recent slew of rate hikes by central banks will be among the last of the cycle, ...
Osaka Pref. employee hit with salary cut for smoking 4,512 times during work over 14 yrs
OSAKA -- An Osaka Prefectural Government employee received ... The prefectural government announced on March 20 that three male employees who belong to the finance department have been disciplined ...
Scandal-plagued Japan tech giant Toshiba gets tender offer
The move comes while the world’s financial sector is in turmoil over the ripple effects from the recent collapse of banks in the U.S. The critical point is that the latest offer, if successful, will ... ( read original story ...)
Alleged $40 billion crypto fraudster Do Kwon said to be arrested in Montenegro
Do Kwon, the founder of Terraform Labs and creator of the collapsed stablecoin Terra, has been arrested in Montenegro, which was first reported through social media posts by Montenegro Minister of the Interior Filip Adzic on Twitter (where he’s ...
Crypto is banned in China, but Binance employees and support volunteers tell people how to bypass the ban
Binance founder Changpeng "CZ" Zhao has touted the exchange's know-your-customer systems, known as KYC, as a billion-dollar effort. Among other functions, they are supposed to stop customers that aren't supposed to be on the platform,
Crypto rebounds from post-Fed sell-off as investors shake off regulatory concerns
Investors studied the outlook for the Federal Reserve's rate hiking campaign and the continued crisis in parts of the banking system.
Japan firms see global inflation risk as major headwind for fiscal 2023 – Reuters poll
Japanese firms see inflation and the chance of worldwide recession as the primary risks they face in fiscal 2023, a Reuters monthly poll showed. Inflation in Japan has rocketed to a four-decade high, ...
Asia markets set to fall over Yellen remarks on banks; Japan core inflation slows
In Australia, the S&P/ASX 200 was 0.59% lower, while in Japan, the Nikkei futures contract in Chicago was at 27,120, and its counterpart in Osaka was at 27,110 against the Nikkei 225's last close at ...
Toyota Camry Axed In Japan, Will Continue Global Production: Report
In Japan, Toyota struggles to move even one percent of the ... Toyota is currently planning the launch of the next-generation Camry which will be unveiled in 2024. Source: Nikkei Asia ...
The current banking crisis is a ‘worldwide phenomenon’ that started long before SVB failed, Harvard professor and former IMF economist says
"I didn't know it would [start] in the US banking sector," he said, adding that issues could've taken place in Japan or Italy before SVB was seized by regulators. "It's a worldwide phenomenon." Since ...
Improved ties with Japan to boost exports, consumption: finance minister
South Korea and Japan's latest efforts to restore bilateral ties will give a "significant positive spillover" to Asia's No. 4 economy, the finance minister said Friday. On Thursday, South Korea ...
Lawyers advise elite Osaka high school to improve hairstyle inspection practices
A boy is seen with a "Seifu cut" in this photo provided by a student. OSAKA -- A bar association here has advised an elite boys' high school to rethink its method of checking whether the students have ... ( read original story ...)
Japan’s consumer inflation off 41-year high but cost pressure persists
Japan's core consumer inflation slowed in February but an index stripping away energy costs hit a four-decade high, data showed on Friday, suggesting cost-push pressures may persist longer than ... ( read original story ...)