Japan Financial News

24.03 / 22:01

Provident Digital Platform Tomi Raises $40M for Decentralized Web Alternative

Tomi, a decentralized cloud computing network, has announced that it has raised $40 million in a funding round led by DWF Labs, Ticker Capital, and Piha Equities, as well as Japanese crypto investor Hirokado Kohji. Tomi aims to provide an alternative to the traditional internet by creating a decentralized autonomous organization (DAO) that governs a «surveillance-free alternative» to the internet. The funding will be used to attract publishers and further develop its network.

24.03 / 15:25

Provident Banking Strains, Inflation Threaten Global Economic Rebound

Large parts of the global economy continue to show signs of a modest rebound after a sharp slowdown at the end of last year, but the improved outlook is threatened by stubbornly high inflation and banking strains in the U.S. and Europe.

24.03 / 00:25

Crypto Presale Metaverse Game Explore a New Dimension of Gaming with This Exciting Metaverse Crypto – Here's How it Works

The metaverse, a term coined to describe a collective virtual reality where people can socialize, play, and work, is garnering significant attention as a key component of the future internet.

21.03 / 23:19

regulation SEC DAO SushiSwap Sushi sets up legal defense fund after SEC subpoenas head chef Jared Grey and DAO itself

Sushi DAO proposed the creation of a legal defense fund March 21 in response to the “recent” subpoena of Sushi head Jared Grey and the decentralized autonomous organization (DAO) itself by the United States Securities and Exchange Commission (SEC).

21.03 / 19:15

business Web3 Funding Venture Capital DAO Anonymous DAO tomi raises $40M for 'surveillance-free' internet

Alternative internet developer tomi has raised $40 million from venture capital firms as part of a broader effort to lure content creators to its decentralized World Wide Web alternative.

20.03 / 05:15

business Europe Banks Federal Reserve Central Bank Bank of England Bitcoin Fed, central banks enhance ‘swap lines’ to combat banking crisis

The United States Federal Reserve has announced a coordinated effort with five other central banks aimed at keeping the U.S. dollar flowing amid a series of banking blowups in the U.S. and in Europe.

19.03 / 16:41

Dogecoin Twitter Platform coinbase Reddit Bitcoin Doge Dogecoin (DOGE) Price Prediction 2025-2030: DOGE doesn’t need MUSK, here’s why

Although the pioneering memecoin Dogecoin (DOGE) is recording losses on multiple charts, its community still holds a bullish attitude and expects the digital asset to conclude the third month of 2023 with a significant increase to its current price.

17.03 / 18:09

Blockchain Provident Kucoin Digital Cooper Platform KuCoinLabs Supports TripleC in Building the Next-Generation GameFi Platform

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

17.03 / 08:55

Provident Target Digital Aware SVB Fitch says banks in Asia are resilient to risks seen in U.S. bank failures

Asia-Pacific banks are «resilient to risks» highlighted by failures seen in U.S. banking sector, Fitch Ratings said Thursday, adding the exposure to Silicon Valley Bank and Signature Bank is insignificant for regional banks the agency covers.

15.03 / 17:35

Honda Big Japanese Companies Plan Largest Wage Increase in Years

TOKYO—Major Japanese companies promised to raise wages at the fastest pace in years to help workers cope with inflation, an unusual situation in a country where wages and prices have generally been flat for three decades.

15.03 / 01:13

Stablecoin Adoption National Cross-border National Australia Bank made first-ever cross-border stablecoin transaction

National Australia Bank (NAB) announced March 14 that it had executed the first-ever cross-border stablecoin transfer on a layer 1 public blockchain. The intrabank transfer used the bank’s fully backed AUDN stablecoin tied to the Australian dollar (AUD).

14.03 / 14:11

Lowe's Low Japan Has a Low Risk of a Wage-Price Spiral and That’s a Mixed Blessing

SAKATA, Japan—Miki Iwai, 29, says she has never asked for a raise and isn’t about to start this year, even with inflation at a four-decade high.

14.03 / 12:23

Citi Lowe's Strategy SoftBank MSCI SVB index fall As global stocks fall, Asia-Pacific's benchmark index erases all of its gains for 2023

Asia-Pacific's leading index erased its year-to-date gains and is now flat in 2023 as bank stocks led declines Tuesday.

14.03 / 02:35

Stablecoin defi Banks Central Bank banking Silicon Valley NOT USDC depegged, but it's not going to default

Over the past week, investors understandably became concerned over the news that billions of dollars backing USD Coin (USDC) — the second-largest stablecoin — were locked up in the distressed Silicon Valley Bank (SVB). The market reacted violently, causing USDC to lose its dollar peg. But while the concern was understandable, it has become clear that USDC creator Circle will regain full access to its funds. The crypto community can breathe easily.

13.03 / 09:47

business NFT Web3 Metaverse Crypto Collectibles patents Nissan files 4 new web3 trademarks, trials sales in the metaverse

Japanese automotive brand Nissan has become the latest car manufacturer to ramp up its Web3 efforts, filing four new Web3-related trademarks filed in the United States, while its Japan unit is experimenting with auto sales in the metaverse.

12.03 / 15:13

business Blockchain Technology Stablecoin Adoption Tokens Decentralization Usd Coin How and why do stablecoins depeg?

Stablecoins are a type of cryptocurrency designed to have a stable value relative to a specific asset or a basket of assets, typically a fiat currency such as the U.S. dollar, euro or Japanese yen.

10.03 / 18:41

markets Banks Bitcoin Bitcoin Price Bitcoin battles $20K as trader calls bank chaos '2008 all over again'

Bitcoin (BTC) struggled to reclaim $20,000 support at the March 10 Wall Street open as fears mounted over Silicon Valley Bank (SVB) contagion.

10.03 / 06:55

Target Bank of Japan Keeps Rates Unchanged at Kuroda’s Final Meeting

TOKYO—The Bank of Japan kept its interest-rate targets unchanged Friday at Gov. Haruhiko Kuroda’s final meeting after 10 years on the job, but analysts expect policy to shift under his successor, Kazuo Ueda.

09.03 / 15:15

business FTX Bankruptcy Alameda Research to sell interest in Sequoia Capital for $45M to Abu Dhabi

The latest update in the FTX bankruptcy case comes as a new deal was struck between the defunct cryptocurrency exchange and Abu Dhabi.

09.03 / 14:49

regulation Tax Investment DAO compliance Crypto Payroll Firm Toku Raises $20 Million Amid Industry-Wide Shift Towards Compliance

Toku, a startup specializing in token-based payroll and tax compliance, has successfully raised $20 million in funding. The company's unique approach is designed to assist crypto businesses in maintaining regulatory compliance amidst increased scrutiny from regulators. With its innovative solutions, Toku aims to provide a much-needed helping hand to the crypto industry during these uncertain times.

09.03 / 13:33

UPS BTC Platform Strategy Bitcoin Largest Creditor of Bankrupt Mt. Gox Exchange to Hold Onto Returned Bitcoin – Huge Selling Pressure Averted?

In another installment of the bankruptcy proceedings related to defunct cryptocurrency exchange Mt. Gox, the Mt Gox Investment Fund, the largest creditor of the failed platform, is not planning to sell the tokens that it is to receive later this year.

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