Crypto.com Chief Executive Officer Kris Marszalek said withdrawals from the platform are working and will continue to work, moving to reassure markets unnerved by the sudden collapse of rival FTX.com.
US Treasury Secretary Yellen says the crypto market needs ‘very careful regulation’ amid FTX’s dramatic collapse
FTX filed for Chapter 11 bankruptcy on Friday and founder Sam Bankman-Fried resigned as CEO, capping a week of intense turmoil at the exchange.
Crypto.com CEO Dismisses Speculation of Financial Trouble, Says FTX Exposure Is Minimal
Expect a tough crypto winter, but Crypto.com isn’t going anywhere, CEO Kris Marszalek said during a live interview hosted on its YouTube ...
Softbank boss Masayoshi Son devotes himself to growing ARM for the next few years
Son next posed the question “how can we best use of ARM?” “In the coming few years, I only like to focus on this thing. So the next explosive growth of Arm is something that I would like to ...
Unicorn startup Darwinbox may go for IPO in next 3 years: Co-founder
The promoters of Darwinbox currently hold more than 30 per cent stake in the company while the rest is held by investors, including TCV, Salesforce Ventures, Sequoia, Lightspeed and Endiya Partners.
Unicorn startup Darwinbox may go for IPO in next 3 years: cofounder Rohit Chennamaneni
With the USD 72 million fundraising in January this year, Darwinbox's valuation crossed USD 1 billion thus placing it in the club of unicorns.
Japan’s Nikkei slides from 2-month highs; SoftBank drags
Japan's Nikkei index closed lower on Monday from a two-month high scaled in the previous session, as investors booked profits and market heavyweight SoftBank Group tumbled after its Vision Fund ...
Japan’s Biggest Bank Mitsubishi UFJ Reports 70.5% Slump in Q2 Profit
Mitsubishi UFJ Financial Group Inc, Japan's largest lender by assets, on Monday reported a 70.5% slide in second-quarter net profit because of another one-off loss related to the sale of U.S. unit ...
Japanese Inflation Shows Signs of Easing, Kuroda Says
NAGOYA, Japan—There are some signs of local inflation easing, Bank of Japan Gov. Haruhiko Kuroda said, a development that helps lower pressure on the bank to tighten its ultraloose monetary policy. ( read original story ...)
BOJ chief vows to maintain easing and watch impact of global tightening
Despite the headline inflation figure topping the 2% threshold in recent months, Kuroda has ruled out the possibility of a near-term interest rate hike. ( read original story ...)
Japanese investigators to visit Brazil over Osaka murder case
NHK has learned that police in Osaka, western Japan, plan to send officers to Brazil to pursue their search for a Brazilian man suspected of murdering his wife and daughter when they lived in Japan. ( read original story ...)
Japan’s Mizuho reports 29.3% increase in Q2 net profit
Mizuho Financial Group , Japan's third-largest lender by assets, on Monday reported a 29.3% increase in second-quarter net profit. ( read original story ...)
Hong Kong stocks rise 2% in mixed Asia session, Softbank shares drop 14%
Hong Kong's Hang Seng popped as Japan's benchmark index was dragged lower by tech giant SoftBank Group in a mixed Asia-Pacific session after closing the previous week with a big rally. The Hang Seng ...
How North Korea became a mastermind of crypto cyber crime
Cryptocurrency theft has become one of the regime’s main sources of revenue and underlines the lack of regulation of digital assets ...
Japan lender Sumitomo Mitsui reports 8% increase in Q2 net profit
Sumitomo Mitsui Financial Group Inc, Japan's second-largest bank, on Monday reported an 8.0% increase in second-quarter net profit and raised its profit outlook as improved economic conditions have ...
Bank of Japan chief vows to maintain easing, watch impact of global tightening
The Bank of Japan will maintain an ultralow rate policy amid heightened uncertainty over the global economy caused by policy tighteni ...