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Hacked Japanese Crypto Exchange to Raise 50 Billion Yen to Repay Customers
5.6.2024
DMM Bitcoin, a major cryptocurrency exchange based in Japan, has revealed its plan to secure 50 billion yen ($320 million) to repay customers after a significant security breach resulted in the loss of 4,503 bitcoins. The BTC leaked from the platform’s wallet on May 31. To ensure full...
Tokyo-Listed Metaplanet to Buy Additional Bitcoin for Its Treasury
29.5.2024
Metaplanet, a publicly traded corporation listed on the Tokyo Stock Exchange, announced on Tuesday that its board of directors passed a resolution to purchase an additional 250 million yen (approximately $1.6 million) worth of bitcoin. For BTC held for long-term purposes, the company explained that...
Former Bitmex CEO Arthur Hayes: A Weak Yen Solution Might Propel Bitcoin to $1 Million
23.5.2024
Arthur Hayes, former CEO of Bitmex and current CIO of Maelstrom, has predicted the geopolitical and economic dynamics that will be taken to equilibrate the exchange rate between the U.S. dollar and the Japanese yen might propel bitcoin prices to $1 million. Hayes states that eventually, the U.S....
Metaplanet Unveils ‘Bitcoin-First’ Strategy to Face Japan’s Economic Weakness
15.5.2024
Metaplanet, a Tokyo-listed public company, has unveiled a “bitcoin first” strategy to combat the Japanese economy’s weakness and the yen’s devaluation. In a document shared on social media, the company stated it will adopt bitcoin as a reserve asset, taking advantage of...
Japanese listed firm adds Bitcoin as reserve asset with 117 BTC
13.5.2024
Since announcing its Bitcoin strategy in April, Metaplanet has accumulated around 117.7 BTC valued at $7.2 million
Metaplanet Adopts Bitcoin as Reserve Asset Amid Japan’s Debt Burden
13.5.2024
Metaplanet strategy “unequivocally prioritizes a Bitcoin-first, Bitcoin-only approach” with financial options such as long-dated yen liabilities.
The post Metaplanet Adopts Bitcoin as Reserve Asset Amid Japan’s Debt Burden appeared first on Cryptonews
Emergency ‘wall of liquidity’ to prop up Yen bullish for Bitcoin: Swan
9.5.2024
Swan Bitcoin's Dante Cook suggests that Bitcoin could benefit from the declining Japanese yen, depending on what the U.S. and Japan central banks do next
Bitcoin Trades At Slight Premium in Yen Terms Amid Suspected BOJ Intervention
29.4.2024
The Japanese yen swung wildly on Monday, recovering 500 pips from over three-decade lows on suspected BOJ intervention
Japanese Yen Tumbles to 34-Year Low Against Soaring US Dollar
28.4.2024
This week, the Japanese yen plummeted to its lowest point since 1990 against the U.S. dollar, weighed down by Japan’s monetary policy and uncertain economic indicators from the United States. Japanese Yen’s Rapid Decline Triggers Talk of Market Intervention The yen’s sharp drop...
Bitcoin Chops Around $64K, With Japanese Yen's Tumble Maybe Signaling 'Currency Turmoil,' Analyst Says
26.4.2024
The yen's volatile episode may spread to other fiat currencies as U.S. rate cuts remain elusive amid sticky inflation, which could drive investors to gold and bitcoin, Noelle Acheson said in an interview
Mt. Gox Trustee Reveals Updated Bitcoin and Fiat Repayment Schedule for Creditors
22.4.2024
The last round of Mt. Gox's much awaited creditor compensation process is now approaching. By October 2024, the bankrupt exchange is expected to payout 142,000 Bitcoin (BTC), 143,000 Bitcoin Cash (BCH), and 69 billion Japanese yen ($510 million), according to a post published on Reddit on April...
Metaplanet Shares Soar as Japanese Firm Mimics MicroStrategy on Bitcoin Buying
9.4.2024
Metaplanet began as Red Planet Japan, a budget hotel operator, before pivoting to become a Web3 developer
Sony Bank Tests Yen-Pegged Stablecoin, Taps Polygon for Pilot Project
5.4.2024
According to a regional report, Sony Bank of Japan is currently exploring the potential of a stablecoin tied to the yen that could be utilized by Sony Group along with its associated entities. Insiders revealed that this endeavor’s testing phase employs the Polygon blockchain, with...
Japan’s Sony Bank Experiments with Issuing Stablecoin Pegged to Yen on Polygon
5.4.2024
Sony Bank, the financial arm of the renowned Japanese gaming and entertainment conglomerate, Sony Group, has embarked on a proof-of-concept endeavor to introduce its stablecoin, pegged to fiat currency like Yen.
The post Japan’s Sony Bank Experiments with Issuing Stablecoin Pegged to Yen...
Bank of Japan Ends Eight-Year Negative Rates Regime; Bitcoin Slides to $62.7K
19.3.2024
The BOJ hiked the benchmark borrowing cost by 10 basis points, abandoning the prolonged negative interest rate policy
Bitcoin-Yen Pair Hits Record High, Reflects Stress on Japan's Fiat Currency
15.2.2024
Bitcoin's ongoing rally is telling of current market perceptions about fiat currencies, with sentiment being weakest for the Japanese yen
Japanese Government, Central Bank Readying CBDC Legislation
30.1.2024
Japan is nearing the launch of its CBDC, the digital yen, with the government and central bank laying the legislative groundwork for a rollout. Neither the Bank of Japan (BoJ) nor the government has yet officially committed to a CBDC launch. However, the BoJ has recently sped up the development...
Report: Japan’s E-Commerce Giant Mercari to Accept BTC Payments
9.1.2024
Starting in June, users of Mercari, one of Japan’s biggest e-commerce platforms, will be able to pay for products using bitcoin. Users of the platform will also be able to use proceeds from sales to buy and sell bitcoin. Mercari Set to Continue Displaying Yen Prices One of Japan’s...
Japanese E-commerce Heavyweight Mercari to Accept Bitcoin Payments
8.1.2024
Source: vladim_ka/Adobe Mercari, one of Japan’s biggest e-commerce platforms, says it will start accepting Bitcoin (BTC) from June this year. Per a report from Nikkei, the firm will process Bitcoin payments via its Tokyo-based crypto subsidiary Melcoin. Melcoin will convert all BTC payments into...
Japanese Firms Collect Crypto Donations for Earthquake Victims
5.1.2024
Source: momius/Adobe Some of Japan’s biggest crypto firms are building donation platforms to help victims of the Noto Peninsula earthquake. Per the Japanese news outlet CoinPost, crypto donors have already given “tens of millions of yen” worth of tokens to charities aiding earthquake victims. These...