News
Startale said SBI invested $50 million to complete its Series A, with the firms working on tokenized securities, stablecoins and consumer onchain products in Japan.
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Japan News
Located in East Asia, Japan is a top 20 country in the world in terms of population. Japan has the third-largest economy by nominal gross domestic product and the fourth-largest economy by purchasing power parity. Tokyo is the country’s capital. Bitcoin in Japan has a notable following, as does cryptocurrency and blockchain as a whole.
The country’s regulators have deemed Bitcoin an approved money type. Japan hosts a number of crypto exchanges, and the country has regulatory requirements around the industry, creating a scene more favorable for compliant crypto-asset entities. Bitcoin’s anonymous creator, Satoshi Nakamoto, is thought to be from Japan, although little is confirmed about Nakamoto’s identity.
- Newsletter
Nearly three-quarters of institutional investors plan to increase their digital asset allocations this year, with Bitcoin, Ether, stablecoins and tokenized assets seeing the most interest.
3124 - News
SBI VC Trade said users could lend assets directly to its platform, but added that the company may re-lend funds as part of its operations.
2264 - News
Metaplanet said the new firm would support Japan-based Bitcoin projects in the payments and lending space in addition to stablecoins and tokenization-focused startups.
1748 - News
A consortium of 12 banks, led by SMBC, MUFG, Crédit Agricole CIB and Société Générale, arranged the record financing for AirTrunk’s Tokyo data center expansion.
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Japanese PM Sanae Takaichi said she had no knowledge of the token, as Kyodo reported the FSA was considering whether unregistered operators were involved.
1787 - News
BOJ Governor Kazuo Ueda said the experiments will examine links between blockchain systems and Japan’s existing settlement infrastructure.
2391 - News
Sony Bank and JPYC will study real-time transfers enabling customers to buy the yen-pegged stablecoin JPYC directly from their bank accounts.
2175 - Analysis
Japan’s regulators and conglomerates are working to bring one of the world’s key funding currencies into DeFi, but retail activity remains muted.
2227 - Analysis
Bitcoin struggled to breach $70,000 this month, while inflation rates decreased in Japan and some countries reevaluated crypto tax codes.
2994 - News
Metaplanet’s Simon Gerovich addressed critics who accused the company of hiding losses and key details of its Bitcoin bets, as investor anger over leveraged Bitcoin treasuries spreads.
3191 - News
The appointments add traditional finance and institutional crypto experience as the layer-1 blockchain scales its post-launch strategy.
2689 - News
Japan’s SBI Holdings has signed a letter of intent to buy a controlling stake in Singapore-licensed crypto exchange Coinhako.
3581 - News
Metaplanet reported about $40 million in operating profit but still recorded a $619 million net loss amid the Bitcoin price drop.
5558 - News
Metaplanet CEO Simon Gerovich is sticking with the company’s Bitcoin accumulation plan despite a brutal drawdown in both its stock and the wider crypto market.
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