The start date brings to a close a year-long process since Yahoo! Japan closed the 40% percent equity deal in the exchange, then called BitARG, in April 2018.
The company paid a rumored 2 billion yen for the stake, which comes amid increasing interest in the Japanese exchange sector.
Taotao had originally planned a market debut in mid-May, but postponed the move at the last minute without stating its motivation.
As Cointelegraph reported, the ongoing cryptocurrency bull market that began in April has fuelled a surge in popularity among new Japanese traders. Last week, several domestic platforms reported up to threefold increases in new account openings.
Regulators, meanwhile, continue to tightly control the market following several highly-publicized hacks last year, the largest of which saw losses in excess of half a billion dollars from Coincheck.
Japan’s Financial Services Agency has announced it will review exchanges’ Anti-Money Laundering (AML) activities ahead of an international inspection by the Financial Action Task Force.
Within the international exchange sector, market heavyweight Binance — which was also recently hacked — last week further hinted it would soon launch margin trading as part of a major update.
Shares of Apple (NASDAQ: AAPL) climbed higher on Monday, adding as much as 4.1%. The catalysts that sent shares higher were several reports that were good news for Apple shareholders. A report over the weekend suggested that the iPhone maker is looking to increase its production outside China, according to The Wall Street Journal.
Catalyst Biosciences Inc (NASDAQ: CBIO) has agreed to sell its portfolio of protease medicines that regulate complement to Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) for $60 million. "This sale is part of the ongoing strategic process that we announced in February to explore alternatives and create value for shareholders. We have significantly reduced our cash burn and continue to work with our advisors to evaluate additional strategic alternatives for Catalyst," said Nassim Usman, CEO o
On an otherwise good day for financial stocks and the markets generally, shares of Upstart (NASDAQ: UPST), a fintech lending platform based on artificial intelligence (AI), were falling today, and were down around 7.2% as of 3:40 p.m. ET. On Friday, Wedbush analyst David Chiaverini, who already had an underperform rating on Upstart, lowered his price target even further, from $20 to $15. Chiaverini cited a Kroll rating of a recent Upstart securitization, or rather a lack thereof, as indicating Upstart's class B and C notes were showing increased delinquencies and credit deterioration.
Last week, the S&P 500 finished Friday’s session with a rally that gave the index a small gain of 0.15% for the day. It was a good thing, too, since the index flirted with a net-20% loss during the session. That’s bear market territory, the kind of market move that will further spook investors after a springtime of headwinds. Inflation is running at 40-year high levels, Q1 showed a net economic contraction, Russia’s war on Ukraine promises to further damage supplies and prices in the food, cooki
In this article, we discuss the 10 stocks to buy when everyone is selling. If you want to read about some more stocks to buy when everyone is selling, go directly to 5 Stocks to Buy When Everyone is Selling. On May 20, the benchmark S&P 500 Index fell 20% from a recent high in […]
Shares of oil tanker stock Nordic American Tankers (NYSE: NAT) fell as much as 21.3% in trading today after the company gave the market an update on operations. In a press release before the market opened, Nordic American Tankers' management said that they will announce first-quarter 2022 results before the market opens on May 31, 2022. Shares of Nordic American Tankers are up about 70% from their lows before Russia invaded Ukraine, which was a big driver of recent demand.
Shares of the electric vehicle maker Rivian Automotive (NASDAQ: RIVN) fell this morning, likely because investors were processing news about growing frustration about wait times for customers who've pre-ordered Rivian vehicles. This morning Reuters reported that there's growing frustration among people who have pre-ordered Rivian vehicles -- some orders date back to 2019 -- and are waiting longer to receive their vehicles than people who ordered after them. The report comes just weeks after Rivian said that it would focus some of its production on vehicles with certain colors and wheel accessories in order to maximize production.
(Bloomberg) -- Asian stocks look set for a mixed start Tuesday as traders digest an early selloff in US equity futures and more Chinese measures to boost the world’s second-largest economy.Most Read from BloombergBroadcom in Talks to Acquire Cloud Company VMwareStocks Climb in Risk-On Day While Bonds Decline: Markets WrapBiden Misspeaks on Taiwan, Says US Military Would InterveneWalmart’s Troubles Should Have Everyone on High AlertGoldman’s Solomon Says Subway Shooting of Employee a ‘Senseless T
The Russian ruble has emerged as the best-performing currency in 2022, despite wide-ranging sanctions imposed for its invasion of Ukraine. How did the Russian currency make a dramatic recovery from its record low of 143 rubles to the dollar on March 7? The rally, experts say, is largely artificial, the result of capital controls imposed by Moscow in the wake of Western sanctions.