Japan Financial News

BEIJING — The Chinese government faces a growing shortfall of cash, analysts say, as they predict an increase of debt to fill the gap.

Glauber Contessoto, who once described himself as a "Doge Millionaire", soon lost his fortune

Bitcoin (BTC) is bouncing back this week as a sudden surge challenges weekly highs.

The Japanese Prime Minister has spoken to the nation’s parliament about Web 3, claiming that it will spark economic growth – a further indication that pro-business legal reform could be on the cards in the nation.

Ether's (ETH) performance over the past three months has been less than satisfying for holders and the 50% correction since April 3 caused the altcoin to test the $1,800 support for the first time since July 2021.

version of the U.S. dollar could help ensure financial system stability as crypo-assets and digital currencies developed by other countries become increasingly popular, Federal Reserve Vice Chair Lael Brainard said on Wednesday. «As we assess the future digital financial system, it is prudent to consider how to preserve ready public access to safe central bank money, perhaps through the digital analogue of the Federal Reserve's issuance of physical currency,» Brainard said in testimony released in advance of her appearance on the issue before the U.S. House of Representatives Financial Services Committee on Thursday. «We recognize there are risks of not acting, just as there are risks of acting,» she said.

Excitement for the Metaverse and virtual or augmented reality (VR/AR) is much greater in developing countries than in high-income countries according to a survey conducted for the World Economic Forum (WEF).

Bitcoin (BTC) price has been unable to close above $32,000 for the past fifteen days and is currently down 37% year-to-date. Although that might seem excessive, it does not stand out among some of the largest U.S.-listed tech companies which have also sustained notable losses recently. 

More regulatory scrutiny could be incoming for the crypto sector in South Korea in the wake of the terra (LUNA) and terraUSD (UST)  crash – with exchanges set to come under the same kind of scrutiny as Terraform Labs and its Founder and CEO Do Kwon.

In a new development for East Asia, Japanese crypto exchange Bitbank announced a partnership with financial holding company Sumitomo Mitsui Trust Holdings with the goal of establishing Japan Digital Asset Trust (JADAT). 

ADDX, a blockchain and smart contract-based digital securities platform from Singapore raised $58 million from mainstream financial institutions to fund its goal of reducing minimum private investment sizes via tokenization and fractionalization.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

It’s been two weeks since the shock of the TerraUSD (UST) depegging, but the long waves of this event are still coming in. The Congressional Research Service described the UST crash as a “run-like” scenario and claimed that the crypto industry has not reached the same level of “adequate regulating” as the traditional finance market. 

Japan could be set to overhaul its crypto tax system – with opposition leaders joining a chorus of MPs and business leaders calling for a change in tax law to stop an “outflow” of crypto-related talent and convince Japanese crypto firms not to relocate overseas.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Brad Garlinghouse, the CEO of cross-border payments company Ripple, spoke during a panel discussion Monday at the World Economic Forum in Davos, Switzerland.

President Joe Biden said Monday that the US would intervene militarily if China were to invade Taiwan, adding that the burden to protect Taiwan is "even stronger' following Russia's invasion of Ukraine.

Measures of consumer spending and inflation on Friday cap a full week of economic data.

Nomura is preparing to start a new company to help institutional clients diversify into cryptocurrency

Happy Bitcoin Pizza Day! Before you dial for a Margherita to commemorate the world’s first real-world Bitcoin transaction, here’s a slice of trivia:

Australia’s centre-left opposition party toppled the conservative government after almost a decade in power, and Prime Minister-elect Anthony Albanese in his Saturday election victory speech promised sharper reductions in greenhouse gas emissions while he faces an early foreign policy test.