Tag - cryptocurrencies

 
 

CRYPTOCURRENCIES

A BitBase cryptocurrency exchange in Barcelona on Monday. Bitcoin’s record-breaking rally took the digital asset past $89,000 as traders bet on a boom under President-elect Donald Trump.
BUSINESS / Tech
Nov 13, 2024
Swagger returns to cryptocurrency as bitcoin soars
Crypto is in the grip of a market mania the likes of which it hasn’t seen since 2021.
An Athena Bitcoin ATM in Phoenix, Arizona, on Wednesday. Crypto advocates are taking a victory lap as the vast amounts of money they poured into the U.S. elections yielded huge dividends, from Donald Trump's reelection to downballot wins for politicians friendly to the sector.
BUSINESS / Markets
Nov 11, 2024
Bitcoin breaks $81,000 as token becomes totem for new Trump era
Trump's decisive victory in the presidential election has prompted celebratory chest-thumping from the digital-asset industry.
Komainu, the cryptocurrency custodian backed by Nomura Holdings, is buying Singaporean rival Propine Holdings.
BUSINESS / Companies
Oct 22, 2024
Nomura-backed crypto custodian Komainu makes first acquisition
Komainu will also apply for a so-called Major Payment Institution license in Singapore, which will allow the firm to fully offer payment services.
A sculpture representing Satoshi Nakamoto, the pseudonymous creator of Bitcoin, located on the grounds of a park in Budapest
COMMENTARY / World
Oct 22, 2024
Who was Bitcoin’s Satoshi? I need to know and so do you.
It’s only natural, and even healthy, to be curious about who could have created more than $1 trillion in market capitalization.
Mark Karpeles, the former CEO of Mt. Gox, speaks at the Foreign Correspondents' Club of Japan on Oct. 11.
BUSINESS / Markets
Oct 21, 2024
The unsinkable Mark Karpeles is willing to give Tokyo another shot
The former CEO of Mt. Gox, which once processed the majority of bitcoin transactions globally before it blew up in 2014, is looking to set up shop in Japan again.
The Financial Services Agency is set to begin a review of cryptocurrency rules, opening up the possibility of lower taxes on digital assets.
BUSINESS / Markets
Oct 1, 2024
Japan crypto review may open door to lower taxes and dedicated ETFs
The Financial Services Agency in coming months will assess whether the current approach of regulating crypto under the payments law is adequate.
Sony last month officially unveiled a digital ledger, Soneium, while other Japanese firms like Toyota explore various blockchain-related initiatives.
BUSINESS / Companies
Sep 18, 2024
Sony joins a crypto push in Japan as calls grow for looser rules
The question for the government is whether to heed requests from the crypto industry for less onerous rules to lower costs and spur growth.
A man walks in the Hong Kong's Central Financial District on March 15.
BUSINESS / Tech
Sep 17, 2024
Hong Kong preparing policy statement for artificial intelligence in finance
The guidelines are intended to signal support for the technology, while local regulators try to address its use amid the U.S.-Chinese technology conflict.
The icon for the Telegram messenger app. Toncoin, a digital asset from a blockchain project linked to Telegram Messenger LLP, has lost about $2.7 billion in market value, reflecting the uncertainty sparked by the detention of the messaging app's co-founder.
BUSINESS / Markets
Aug 29, 2024
Telegram ‘black swan event’ exposes risk in popular crypto deals
The detention of Telegram founder Pavel Durov is reverberating through the crypto venture capital sector.
Hideki Ito, commissioner of the Financial Services Agency, says Japan needs to be cautious about approving crypto-linked exchange-traded funds.
BUSINESS / Markets
Aug 8, 2024
Japan’s top finance regulator hesitant on crypto ETF approvals
Whether to follow the likes of Hong Kong and the U.S. by approving crypto-linked exchange-traded funds requires "cautious consideration,” he said.
Republican presidential nominee and former U.S. President Donald Trump speaks at the Bitcoin 2024 event in Nashville, Tennessee, on July 27.
BUSINESS / Markets
Aug 6, 2024
Cryptoverse: Trump's bitcoin stockpile plan stirs debate
A strategic reserve would be one use for the massive amount of bitcoin held by the U.S. government, but the jury's out on whether it's feasible.
China's official app for digital yuan is seen on a mobile phone next to 100-yuan banknotes
BUSINESS / Tech / FOCUS
Jul 20, 2024
Trump’s disdain for digital dollar risks ‘Cold War era’ in money
His vow to never allow the dollar to be digitized may turn money into a new front in Trump's trade war with China.
Electronic waste — also known as e-waste — from computers in a junk shop in Metro Manila, Philippines
BUSINESS / Tech
Jul 11, 2024
U.N. warns digital economy drive is damaging the environment
The U.N. agency called for sustainable strategies to counter the growing environmental toll digitalization creates, particularly in developing countries.
DMM Bitcoin said it would replace customers' lost bitcoin deposits with the help of other group companies.
BUSINESS / Tech
Jun 1, 2024
Japan's DMM Bitcoin says over ¥48 billion of cryptocurrency lost
It gave no details of how the incident occurred or whether an outside party had been involved, but said that it was investigating.
Wang YunHe's residence in Singapore, overlooking the country's premier shopping belt.
ASIA PACIFIC / Crime & Legal
Jun 1, 2024
Singapore wealth flows face new scrutiny in superhacker case
The case is a reminder of the difficult balancing act faced by Singapore and other financial hubs as they push to attract the world’s ultra rich.
Job-seekers line up for interviews at a job fair in Chinchwad, India, in 2019.
BUSINESS
May 16, 2024
After Cambodia crypto scam, Indians demand more jobs at home
Unemployment is a leading concern in the ongoing general election that ends on June 1.
North Korea's Ambassador to the United Nations Kim Song speaks during a meeting of the U.N. General Assembly at U.N. headquarters in New York on June 8, 2022.
ASIA PACIFIC / Crime & Legal
May 15, 2024
U.N. experts: North Korea laundered $147.5 million in stolen crypto
The money was stolen from the HTX cryptocurrency exchange before being laundered in March this year, the experts said.
A Lamborghini Diablo SL automobile displayed at the company's event to mark the automaker’s 60th anniversary in Seoul in September 2023. While the boost in wealth among crypto investors was mostly poured into discretionary spending, a significant portion spilled into local housing markets, the researchers found.
BUSINESS / Markets
May 6, 2024
Lamborghini bros no more: Crypto is creating a new wealth effect
Study suggests that household spending out of crypto gains is more like the patterns from traditional equity investments, such as on home purchases.
Former Binance CEO Changpeng "CZ" Zhao arrives at federal court in Seattle, Washington, on Tuesday. Zhao, the founder and former chief executive of Binance, the world's largest cryptocurrency exchange, was sentenced today to four months in prison after he pleaded guilty to violating laws against money laundering.
BUSINESS / Companies
May 1, 2024
Binance crypto founder Zhao sentenced to four months in prison
Once considered the most powerful crypto industry figure, Zhao, known as "CZ," is the second major crypto boss to be sentenced to prison.
While some publicly traded bitcoin mining companies release details of their energy use, there is no reliable data on exactly how much electricity the industry as a whole consumes.
BUSINESS / Tech / ANALYSIS
Apr 25, 2024
Bitcoin miner environmental battles heat up in U.S.
As cryptocurrency groups work to shield mines from local regulations, U.S. President Joe Biden proposed an excise tax on bitcoin energy use.

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Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?