Legislation proposed by Congressman Patrick McHenry that would create a regulatory framework for the industry is sorely needed, whatever its final shape.
Crypto Analyst Warns Bitcoin’s Impending Correction As Rally Falters: ‘We Are Bearish Risk Assets’
This adjustment, combined with persistent inflation and a robust labor market, has propelled the 10-year Treasury yield to its highest level since November 2023, thus diminishing the allure of riskier investments.
Bain Proposes IPO of Japan’s Kioxia to Clear Way for $5.8 Billion Loan Refinance, Source Says
Bain Capital has proposed an initial public offering (IPO) of Japan's Kioxia Holdings as part of a plan to allow the money-losing chipmaker to refinance a $5.8 billion loan coming due in June, ... ( read original story ...)
Japan’s Nissan bets on solid-state batteries, gigacasting for next-gen EVs
Japan's Nissan Motor will begin to produce solid-state batteries for electric vehicles at scale by early 2029 and use huge casting machines as it seeks to raise efficiency and drive down costs on ... ( read original story ...)
Schumer Carries Water for Crypto
When it comes to backdoor schemes to help the financial industry, the frequently progressive Senate majority leader is still the senator from Wall Street.
Japan stocks lower at close of trade; Nikkei 225 down 1.88%
Japan stocks were lower after the close on Tuesday, as losses in the Paper & Pulp, Retail and Chemical, Petroleum & Plastic sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 1.88% ...
Osaka court rejects inmates’ claim that same-day notice of execution violates Constitution
The Osaka District Court on April 15 dismissed a lawsuit filed by two death row inmates against the government claiming that notifying prison･･･ ... ( read original story ...)
Asia hedge funds benefit in Q1 from Japan rally, recovery in China
Asia-focused hedge funds started 2024 with a strong first quarter, cashing in on a prolonged rally in Japanese stocks, a tentative turnaround in Chinese equities, and a boom in artificial intelligence ... ( read original story ...)
Crypto executive makes $100,000 bitcoin price prediction amid institutional buying
In closing, Benjamin disclosed Kryotech's ongoing investments in crypto, including a project on the Solana blockchain. This venture, involving a liquidity pool and an NFT project, aims to secure value by linking it to physical gold and bitcoin, demonstrating a sophisticated strategy to harness and stabilize crypto assets across multiple dimensions.
Ripple CEO Predicts the Crypto Market Could Hit $5 Trillion. Here’s Why I Think That’s Possible
Let's unpack the bold predictions of Ripple CEO Brad Garlinghouse and why he thinks the crypto market could reach a $5 trillion valuation in 2024.
Japan’s Nikkei ends at 8-week low on US peers’ weakness
TOKYO, April 16 (Reuters) - Japan's Nikkei share average fell nearly 2% on Tuesday to close at an eight-week low as technology stocks tracked the overnight declines on Wall Street. The Nikkei fell ...
Japan’s Nikkei touches one-month low on US peers weakness
TOKYO: Japan’s Nikkei share average fell more than 2% to a one-month low on Tuesday as technology stocks tracked ...
Japan’s China Reckoning
Not long after the ink dried on the 2008 joint statement, Beijing dispatched vessels to patrol the waters around the Senkaku Islands (known in China as the Diaoyu Islands). To this day, Chinese ships ... ( read original story ...)
Crypto Exchange OKX’s Polygon-Powered Layer 2, ‘X Layer,’ Hits Public Mainnet
OKX's comes as other major cryptocurrency exchanges, like Coinbase and Kraken, have also pursued their own layer 2 networks over the last year.
Japan’s Nikkei touches one-month low on U.S. peers weakness
Japan's Nikkei share average fell more than 2% to a one-month low on Tuesday as technology stocks tracked the overnight declines on Wall Street. The Nikkei was down 2.11% to 38,405.58, its lowest ...
Japan’s Finance Minister Warns on Yen Ahead of IMF-G7 Meetings
“We are closely monitoring the latest developments,” Finance Minister Shunichi Suzuki said Tuesday before he departs to Washington for annual International Monetary Fund events and meetings of finance ...