Reports

Japan’s largest investment bank Nomura to launch crypto arm, FT reports

Japan’s largest investment bank Nomura to launch crypto arm, FT reports

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Quick Take Nomura plans to have around 100 people working for the new unit by the end of 2023. Last week the bank announced its first bitcoin futures and options trades.  advertisement Japanese investment bank Nomura will launch a new company focused on cryptocurrency, decentralized finance (DeFi) and non-fungible tokens (NFTs) for institutional clients, according …

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SBI Holdings to buy controlling stake in BITPoint for about $99 million, Cryptonews reports

SBI Holdings to buy controlling stake in BITPoint for about $99 million, Cryptonews reports

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Japanese securities and banking giant SBI Holdings will buy a controlling interest in BITPoint Japan, a crypto trading platform and domestic rival of SBI VC Trade, from its parent company, Cryptonews reported on Saturday, citing Nikkei’s Japanese news service. SBI will buy a 51% stake of BITpoint from Remixpoint for $98.6 million. BITPoint’s market value …

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Central African bank regulator reminds member states of crypto ban, Reuters reports

Central African bank regulator reminds member states of crypto ban, Reuters reports

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advertisement Central Africa’s regional banking regulator reminded member states on Friday of its ban on cryptocurrencies, just weeks after the Central African Republic (CAR) made bitcoin legal tender, Reuters said. The reminder came after a chaotic week for crypto when the linked meltdown of the algorithmic stablecoin UST and Terra’s native Luna asset resulted in …

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Buffett extols importance of cash over ‘new form of money’: reports

Buffett extols importance of cash over ‘new form of money’: reports

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advertisement Legendary investor Warren Buffett championed cash over “new forms of money” and said Berkshire Hathaway would “always have a lot of cash on hand,” as CNBC, CNN and others published live updates of him addressing the company’s annual shareholder meeting today in Omaha, Nebraska. Buffett, 91, didn’t specify bitcoin or other cryptocurrencies, though in …

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Meta Reports Loss of $10.2B on Augmented/Virtual Reality Operations in 2021

Meta Reports Loss of $10.2B on Augmented/Virtual Reality Operations in 2021

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Overall, Meta reported adjusted Q4 earnings per share of $3.67, falling short of the consensus analyst estimate of $3.85, according to FactSet, while revenue of $33.7 billion was just ahead of the consensus estimate of $33.4 billion. Meta’s guidance for first-quarter 2022 revenue also fell short, coming in at between $27 billion to $29 billion, …

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Genesis reports a downtrend in Bitcoin demand as institutions move on to Ethereum, DeFi

Genesis reports downtrend in BTC demand as institutions prefer ETH, DeFi

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‘Tis the season of releasing earnings reports, and the third-quarter growth has not so well for some companies directly engaged in cryptocurrencies. This has been largely thanks to the wild price fluctuations Bitcoin has experienced lately. For instance, Microstrategy, the world’s biggest corporate holder of Bitcoin, witnessed paper losses from holding the digital asset on …

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Ransomware Payments in 2021 Already Dwarf Last Year’s Total, FinCEN Reports

Ransomware Payments in 2021 Already Dwarf Last Year’s Total, FinCEN Reports

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“We have seen an aggressive sustained effort on ransomware the last few weeks from the administration that started even before the Suex designation,” Redbord, a former Treasury official, told CoinDesk in a statement. “We are rightfully seeing the most focus on hardening cyber defenses, and when it comes to crypto, we are seeing Treasury, DOJ, …

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Goldman Sachs reports nearly half of its rich family office clients want to get into crypto

Goldman Sachs reports nearly half of its rich family office clients want to get into crypto

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Family offices—the investment firms overseeing the wealth of the richest families in the world—are eyeing the crypto market, according to a survey by investment banking giant Goldman Sachs.  The firm—which recently has been making its own big moves in crypto–surveyed its family office clients and found that 15% of them have already invested in crypto, …

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