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US-BASED cryptocurrency exchange Coinbase Global is closing the bulk of its operations in Japan as part of a move to adjust international investment amid a slump in the digital-asset sector.

INDONESIA’S wealth fund is seeking to accelerate its timeline to hit its US$200 billion target by 2024 as it eyes more energy and digital investments, according to its chief executive officer.

VOYAGER Digital won court approval to sell its crypto platform to Binance.US for US$20 million as part of Voyager’s plan to liquidate in bankruptcy.

THE brother of a former Coinbase Global product manager was sentenced to 10 months behind bars for his role in a scheme to trade on inside information about when the cryptocurrency exchange was going to list new tokens.

WELLS Fargo & Co will slim down its home lending business by reducing its mortgage servicing portfolio and exiting the correspondent lending business, the company said on Tuesday. “We are making the decision to continue to reduce risk in the mortgage business by reducing its size and narrowing its focus,”...

BINANCE Holdings, the biggest cryptocurrency exchange, acknowledged past flaws in the management of its stablecoin’s reserves which at times led to more than US$1 billion in missing collateral, according to one analysis.

HACKERS have disrupted access to the websites of Denmark’s central bank and seven private banks in the country this week, according to the central bank and an IT firm that serves the industry.

COINBASE Global said on Tuesday (Jan 10) it will reduce its workforce by about 950 employees as part of a restructuring plan, in a third round of layoffs for the cryptocurrency exchange since last year.

TOP Japanese banks are targeting the end of this month to issue commitment letters for a loan that backs Japan Industrial Partners-led consortium’s takeover offer for Toshiba, according to people familiar with the matter.

CHINESE banks extended 1.4 trillion yuan (S$274.9 billion) in new yuan loans in December, up from November and beating analysts’ expectations.