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Coinbase Exits Japan Citing "Market Conditions"


Cryptocurrency exchange Coinbase is exiting Japan due to market conditions. The move comes days after the company announced its third round of layoffs in less than a year amid the ongoing bear market.  In a Wednesday blog post, the exchange said it has made the "difficult decision" to halt...

Japanese Tax Agency Wants to Tax NFT Sales and Crypto Gaming Profits


The Japanese tax body has signaled an intention to tax non-fungible token (NFT) sales and the profits earned by crypto and blockchain gamers. In an FAQ-type document released by the National Tax Agency (NTA), the body explained “guidelines” for tax officers dealing with NFT-related “cases” where...

Japanese Power Giant TEPCO Explains Crypto Mining Plans


Tokyo Electric Power (TEPCO), Japan’s biggest power provider, has explained how it is planning to make use of surplus renewable electricity to power its bitcoin (BTC) and altcoin mining operations. TEPCO first unveiled its mining plans late last year, providing a boost to local crypto markets....

Psychic VR Lab receives ¥100M from Animoca Brands Japan


Animoca Brands Japan, has recently announced its investment of 100 million yen in Psychic VR Lab. This deposit is a part of the JP¥1 billion ($7.8 million) funding round by a Japanese company in Dec in the year 2022. Kyoya Okazawa, stated that they are looking forward for X.R. technology to expand...

Will FTX Japan Depositors Really Get Their Money Back in February?


The Japanese subsidiary of cryptocurrency exchange FTX is expected to resume withdrawals starting in February, according to a Japanese senior official. Mamoru Yanase, deputy director-general of the Financial Services Agency’s Strategy Development and Management Bureau, has said FTX Japan will...

Famous Wrestler Cosplays As Sephiroth At Japan’s Largest Wrestling Event


Wrestling superstar Kenny Omega returned to Japan’s Wrestle Kingdom event after not appearing since 2019. And he returned in style, dressing up as famous Final Fantasy VII villain Sephiroth and even entered walked in to the classic bad guy’s theme song, “One Winged Angel.” Read more

Square Enix to Deepen Its Blockchain Efforts in 2023


Square Enix, the Japanese gaming giant, is preparing to announce more blockchain-based titles in 2023. As part of a now traditional new year’s letter issued by Yosuke Matsuda, CEO of the company, the executive announced some of the moves Square Enix will make regarding blockchain tech,...

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