2 / 9 Relevant items tagged with #Japan

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Largest Japanese Banks to Use SWIFT-Linked Stablecoin System for Cross-Border Payments

[Sep 7 4:30 AM] The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology, linking it to SWIFT to…

Japans Financial Regulator Mulls Taxing Crypto as a Financial Asset

[Sep 4 2:12 PM] A change in the regime could result in lower taxes for some crypto investors.

Japan’s Sakana AI partners Nvidia for research, raises $100M

[Sep 4 1:48 PM] The Tokyo-based startup raised $100 million in a Series A funding round led by New Enterprise Associates, Khosla Ventures and Lux Capital, with participation from Nvidia.

SBI VC Trade and Metaplanet Team Up for Advanced Bitcoin Trading Solutions

[Sep 3 1:30 AM] Metaplanet and SBI VC Trade have formed a strategic partnership to enhance bitcoin trading, storage, and management. This alliance aligns with Metaplanet’s “bitcoin first, bitcoin only” strategy, emphasizing BTC’s…

Metaplanet Teams Up With SBI VC Trade for Bitcoin Custody

[Sep 2 2:48 PM] Metaplanet said it was adopting bitcoin as a reserve asset to hedge against the volatility of the yen in May and had accumulated a total of 360 BTC by mid-August.

Japanese Bitcoin investor Metaplanet works with Ripple’s partner SBI

[Sep 2 8:48 AM] SBI Group’s fully-owned crypto exchange, SBI VC Trade, will assist Metaplanet in its Bitcoin strategy by providing various support in trading, storage and operation.

What Web3 Games Need to Do to Break into the Japanese Market – IVC Partner Ann Chien

[Sep 1 3:00 PM] IVC is a Web3 venture capital fund backed by leading Japanese gaming studios. They focus on Web3 gaming, digital entertainment, AI, DeFi, and infrastructure, and have invested in over 200 projects. They also host Japan’s largest Web3 conference…

Oasys partners with financial giant to boost Web3 gaming in Japan

[Aug 29 10:53 AM] The partnership strengthens SBI’s position in the Web3 gaming sector while enhancing Oasys’ token liquidity.

‘Overly optimistic’ Bitcoin traders washed out as BTC futures turn ‘neutral’

[Aug 28 6:30 PM] The Bitcoin futures premium plunged to its lowest levels in 10 months, but traders have refused to turn bearish.

Japan eyes Web3 growth with startup-focused tax reforms

[Aug 28 1:12 PM] Japanese minister Takeru Saito hopes to create an environment to lure businesses and developers worldwide.

Metaplanet Buys Additional ¥500 Million Worth of Bitcoin

[Aug 20 8:50 AM] Metaplanet, a publicly traded Japanese company, has purchased another ¥500 million ($3.7 million) worth of bitcoin. This latest buy comes after the firm secured a ¥1 billion loan last week to acquire Bitcoin.JUST IN: Japanese public company…

Bitcoin pinned below $60K — Is BTC consolidating or preparing for more downside?

[Aug 19 8:20 PM] Institutional spot Bitcoin ETF outflows and lowered Bitcoin miner profitability could be driving the current price drop

Attention Bitcoin Traders, the Japanese Yen Is Strengthening Again

[Aug 19 8:59 AM] A similar yen outperformance early this month, triggered carry unwind and rocked risk assets, including cryptocurrencies.

Bitcoin buyers wait below $58K as Japan wipes out record stocks crash

[Aug 13 2:55 PM] Bitcoin appears in no mood to celebrate despite Japanese stocks fully recovering from a historic drop.

Metaplanet Buys Another ¥500 Million Worth of Bitcoin

[Aug 13 9:08 AM] Metaplanet, a publicly listed Japanese investment firm, purchased an additional ¥500 million ($3.4 million) worth of bitcoin. This brings the company's total Bitcoin holdings to 303, acquired for ¥2.95 billion ($20 million).JUST IN: Metaplanet�

Japan's Top Regulator Says Crypto-ETF Approvals Need 'Cautious Consideration:' Report

[Aug 8 10:22 AM] The boss of Japan's Financial Services Agency (FSA) has said “cautious consideration” needs to be given to the decision of approving crypto-related exchange-traded funds.

Metaplanet Arranges Loan to Buy $6.8M of BTC

[Aug 8 10:03 AM] The Japanese company announced its plan to adopt bitcoin as a reserve asset to hedge against the volatility of the yen in May.

Metaplanet Secures ¥1 Billion Loan to Buy More Bitcoin

[Aug 8 9:36 AM] Metaplanet, a publicly listed Japanese investment firm, has secured a ¥1 billion ($6.8 million) loan to purchase additional Bitcoin. This comes just days after announcing plans to raise ¥10.08 billion through a stock rights offering, mostly for…

Goldman Sachs CEO: Fed Unlikely to Cut Rates Before September

[Aug 8 8:30 AM] Goldman Sachs CEO David Solomon expects the Federal Reserve to delay any emergency rate cuts until at least September despite weak job data, believing the U.S. economy will avoid a recession. Speaking on “The David Rubenstein Show,”…

Diamond hands: Mt. Gox creditors hodl Bitcoin despite 10-year wait

[Aug 7 1:15 PM] Mt. Gox creditors defy expectations by holding onto their Bitcoin despite a decade-long wait to get their hands on it.

Metaplanet To Raise $70 Million To Buy More Bitcoin

[Aug 6 1:13 PM] Metaplanet, a publicly listed Japanese company, has announced plans to raise up to ¥10.08 billion ($70 million) through a gratis allotment of stock acquisition rights to existing shareholders. The majority of funds raised will be used to purchase…

Bitcoin Keeps Weekly Loss as 'Anti-Risk' Yen Strengthens After BOJ Rate Hike

[Jul 31 9:28 AM] The yen’s popularity as a funding currency can cause knock-on effects in other markets, helping tighten global financial conditions, BlackRock said.

Japan crypto ETFs boosted by Franklin Templeton and SBI Holdings partnership

[Jul 26 3:21 AM] The Japanese joint venture will focus on ETFs and other “emerging asset classes,” including digital assets and cryptocurrency.

Tokyo Stock Exchange-Listed Metaplanet Completes 1 Billion Yen Bitcoin Purchase

[Jul 23 10:05 PM] Metaplanet Inc. announced on July 22 the purchase of an additional 200 million yen worth of bitcoin, amounting to 20.381 BTC. This latest acquisition completes the company’s 1 billion yen ($6.4 million) bitcoin purchase plan, which was…

Crypto Exchange Gate.io Exits Japan

[Jul 23 4:53 AM] Crypto exchange Gate.io has terminated its services in Japan, it announced on Monday, suggesting a lack of compliance in the nation.

Gate.io Suspends New Account Registrations in Japan Amid Regulatory Pressures

[Jul 23 3:22 AM] In response to compliance requests from Japan’s Financial Services Agency, crypto exchange Gate.io has announced the suspension of new account registrations for customers based in Japan, effective from July 22, 2024. The exchange is ceasing all…

Gate.io to wind down services for customers in Japan

[Jul 22 11:53 PM] The crypto exchange blamed regulatory pressures and “compliance requests” from local financial regulators as the reason it terminated its services.

Mt. Gox Moves $6 Billion Worth of Bitcoin

[Jul 16 3:51 AM] The rehabilitation trustee for the now-defunct Mt. Gox exchange moved over $6 billion worth of bitcoin on Tuesday morning as it took further steps toward reimbursing creditors.JUST IN: Mt. Gox moved 95,870 #Bitcoin worth $6 billion to unknown…

Tokyo-Based Metaplanet Adds Almost 22 More Bitcoin to Its Treasury

[Jul 16 1:25 AM] Metaplanet, a Tokyo-based public company, has revealed that it has acquired more bitcoin for its treasury holdings. According to disclosure statements, Metaplanet acquired 21.877 bitcoin, spending about $1.26 million (200 million Japanese yen) for…

Phaver’s Japan Lead Ace Shares Insights on Navigating the Japanese Web3 Market

[Jul 8 1:10 PM] This week, I had the opportunity to speak with Ace, the Japan lead for Phaver, a rapidly growing Web3 social platform. During our conversation, Ace shared insights into his journey into crypto, Phaver’s strategic focus on the Japanese market…