Japan drops nearly 2% in mixed Asia trading; New Zealand dollar falls after central bank announces rate hike

SINGAPORE — Shares in Asia-Pacific were mixed in Wednesday trade, with Japanese stocks leading losses regionally. The Nikkei 225 in Japan fell 1.79% while the Topix index declined 1.32%. Markets in Japan were closed on Tuesday for a holiday. South Korea’s Kospi dipped 0.44%. Hong Kong’s Hang Seng index sat fractionally lower while mainland Chinese […]

Ripple seeing ‘good progress’ in SEC case over XRP, outcome expected next year

Fintech company Ripple is making great strides in its legal feud with the U.S. Securities and Exchange Commission, CEO Brad Garlinghouse told CNBC on Monday. Garlinghouse said he expects the case, which centers on XRP, the world’s seventh-biggest cryptocurrency, will likely reach a conclusion next year. “We’re seeing pretty good progress despite a slow-moving judicial […]

Long-term Bitcoin holders at multi-year high: Glassnode

Glassnode’s latest weekly on-chain report indicated that long-term holders of Bitcoin (BTC) are at a multi-year high and markets are not yet saturated with profit-taking. These long-term holders (LTH) appear to be reducing their spending while continuing to add to their positions, according to the Nov. 22 report by analytics provider Glassnode. The analysis delved into Spent […]