Softbank . (japan) Stock News

Highlights Decentralands virtual piece of land has recently sold for millions of dollars The Sandbox has drawn the attention of major players like SoftBank and Adidas Virtual real estate rush is dwarfing the inflation that has seeped into the actual world real estate sector Call it FOMO, or Facebooks metaverse move, or anything else you want, but the metaverse -NFT combo is ruling the crypto universe. Two recent developments confirm this fact. Adidas yes, the sportswear giant has purchased land in the virtual reality world of The Sandbox, a blockchain-based fantasy game. Second, people who have bought some virtual assets like gas stations and banks in the virtual reality space of Polka City are making a fortune out of their assets. Though it is true that the high valuation of digital assets like NFTs and metaverse real estate is a subject-matter of hot debates, lets at least know a little about five projects in this space. Also read : 5 breakout altcoins with metaverse underpinning 1.

Endowus is the latest investment app in Southeast Asia to raise follow-on funding, adding $35 million SGD (about $25.6 million US) to its war chest. The round was led by Prosus Ventures, the venture firm majority-owned by Naspers, and EDBI. Participants included SoftBank Corp.-owned Japanese tech conglomerate Z Holdings. Returning investors included UBS, Singtel Innov8 []

Endowus is the latest investment app in Southeast Asia to raise follow-on funding, adding $35 million SGD (about $25.6 million US) to its war chest. The round was led by Prosus Ventures, the venture firm majority-owned by Naspers, and EDBI. Participants included SoftBank Corp.-owned Japanese tech conglomerate Z Holdings. Returning investors included UBS, Singtel Innov8 []

The $3.5 million funding round included SoftBank and DeFiance Capital.

Shares of Chinas Didi sank sharply on Friday after Bloomberg reported that Chinese regulators have asked the firms executives to formulate a plan to delist from the U.S. Didi shares closed down 2.59% in the U.S. amid a wider sell-off. SoftBank shares in Japan closed down by 5%. SoftBanks Vision Fund owned more than 20% of Didi []

Paytm, which counts China''s Ant Group and Japan''s SoftBank among its backers, raised $2.5 billion this month in India''s biggest IPO.

Highlight Can cryptos make you rich? At least these five altcoins did this with over 10,000 per cent returns Three are gaming crypto tokens, while one is a blockchain network and other a blockchain-based streaming service All have returned much more than the heavyweights like Bitcoin and Dogecoin Is it possible to become rich in less than a year by investing a little sum in cryptos? A few cryptos made this an achievable feat in 2021. Before we jump to the list of these assets, heres a word of caution. Crypto assets, no matter how high the market cap is, are vulnerable to wild swings in prices. And hence, the timing of investment and profit booking is the key to wealth creation. Below are the cryptocurrencies that returned more than 10,000 per cent over the value invested at the start of the year. Read more : 5 low-priced cryptos that may script a SHIB-like surge story in 2022 1. Cocos-BCX (COCOS) Cocos-BCX is a platform that allows developers to create and deploy games, decentralized finance (DeFi) apps and other distributed ledger-based projects.

Highlights Metaverse can be a new space where people can hold assets like hotels and service stations Demand by other users of the metaverse can help generate revenue from these holdings and even capital gains Some users have already purchased these NFT assets and are said to be earning a steady revenue A lot many of us may not be reading the metaverse right. There is a buzz about the subject ever since tech giant, Facebook, announced a name change. The buzz is about a virtual reality-based world that will be immersive and can add new dimensions to life, all in a fictional sphere. But that is not all. Metaverse can be more than this it can harness the potential of distributed ledger (blockchain) and linked elements like non-fungible tokens (NFTs) to allow participants earn money from the shared virtual world. A few users of blockchain-based games like Polka City are said to be earning a fortune out of their assets like gas stations and hotels, everything that exists in virtual reality.

In India''s digital payments market, WhatsApp competes with Alphabet Inc''s Google Pay, SoftBank and Ant Group-backed Paytm, and Walmart''s PhonePe.

Black Friday Turns Red On "Terrible News" - Global Markets Crater On "Nu Variant" Panic The Friday after thanksgiving is called black Friday because that''s when retailers finally turn profitable for the year. Not so much for market, however, because this morning it''s red as far as the eye can see. The culprit: the same one we discussed late last night - the emergence of a new coronavirus strain detected in South Africa, known as B.1.1.529, which reportedly carries an "extremely high number" of mutations and is “clearly very different” from previous incarnations, which may drive further waves of disease by evading the body’s defenses according to South African scientists, and soon, Anthony Fauci. British authorities think it is the most significant variant to date and have hurried to impose travel restrictions on southern Africa, as did Japan, the Czech Republic and Italy on Friday. The European Union also said it aimed to halt air travel from the region. "Markets have been quite complacent about the pandemic for a while, partly because economies have been able to withstand the impact of selective lockdown measures.

Future Fund appoints Toby Johnston as chief economist; GIC hires tech head from Credit Suisse; MAS adds Alvin Tan and Ng Wai King as board members; SoftBank promotes four managing partners; Mercer appoints Helen Leung and Kevin Jeffrey to the Hong Kong office; Haitong appoints head of investment strategy from UBS; and more

General trend Commodity currencies decline on the lower oil and iron ore prices; ZAR drops over 1%; Gold FUTs rise. Equity markets have generally extended declines. US equity FUTs reversed gain, DOW FUTs lag; US markets to return from holiday. Nikkei has declined by over 2.8%; Stronger yen weighs on automakers, Softbank Group declines amid [] The post Big Equity Losses Seen In Asia appeared first on Action Forex .

Shares of SoftBank plunged about 5% in Tokyo on Friday after Chinese regulators reportedly asked Didi to delist from the United States because of concerns about data security.

TOKYO: Japan''s Nikkei slumped on Friday to its lowest level in a month, on worries that a new coronavirus variant found in South Africa could hinder a global economic recovery. By 0205 GMT, the Nikkei share average dropped 2.3% to 28,829.95, its lowest since Oct. 29, while the broader Topix fell 1.81% to 1,989.03. For the week, the Nikkei is set to lose 3%, while the Topix is on track to fall 2.7%. "The market''s fundamentals have been weak as investors kept selling when the Nikkei got closer to 30,000," said Kazuharu Konishi, head of equities at Mitsubishi UFJ Kokusai Asset management. "So, it easily got damaged by negative news, such as the one about new virus variant. Although it might be too rough to conclude that today''s declines were only due to the virus." The variant, detected by scientists in South Africa, may be able to evade immune responses and has prompted Britain to hurriedly introduce travel restrictions on South Africa. In Japan, heavyweights declined, with Uniqlo clothing store operator Fast Retailing losing 3.13%, technology investor SoftBank Group falling 5.04% and chip-making equipment maker Tokyo Electron slipping 2.62%.

SoftBank Vision Fund 2 has invested $300 million in global influencer marketing platform LTK while Japanese e-commerce aggregator Forest Co., Ltd has raised $8 million in a seed funding round.