Japan crypto exchange DMM Bitcoin is set to liquidate: Report

December 2, 2024 Coin Telegraph

DMM Bitcoin, which suffered a private key hack in May that caused a loss of $320 million in Bitcoin is reportedly ceasing efforts to revamp operations.

Japanese cryptocurrency exchange DMM Bitcoin is reportedly prepping to liquidate after losing $320 million in Bitcoin from a private key hack in May that the company has failed to recover from.

The crypto exchange is also reportedly ceasing efforts to revamp operations and intends to transfer customer assets to SBI VC Trade, an exchange operator under SBI Group, around March, reported Nikkei Asia on Dec. 2, without sharing its source.

Cointelegraph reached out to DMM Bitcoin for comment.

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Japan passes stimulus package, commits to crypto tax reform

November 20, 2024 Coin Telegraph

Coin Telegraph

Proposed changes include taxing cryptocurrency at a 20% flat rate instead of the current variable ‘miscellaneous income’ rate.

Japan will go ahead with a proposed stimulus package after Prime Minister Shigeru Ishiba promised to engage in bipartisan discussions to enact sweeping tax reform.

The economic stimulus package is expected to be approved before the end of 2024. According to a report from Bloomberg, the proposed tax reform measures include changes to income tax, corporate taxes and cryptocurrency taxes. This represents a shift in the governing party’s policy, which had previously called for higher taxes.

Pundits have described the situation as being “stuck between a rock and a hard place.”

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Japanese Investment Firm Now Holds Over $128,000,000 in Bitcoin After Latest BTC Accumulation Spree

October 30, 2024 The Daily Hodl

Bitcoin

The Japanese investment firm Metaplanet now holds more than $168 million worth of Bitcoin after a recent BTC purchase. The firm began accumulating the top crypto asset by market cap after it announced a shift in its treasury management strategy earlier this year, purchasing a total of 156.78 BTC over the weekend. Explained Metaplanet at […]

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Indo-Pacific Nations Outpacing the US in Crypto Regulation, SEC Commissioner Says

October 25, 2024 Bitcoin.com

bitcoin.com

A U.S. Securities and Exchange Commission (SEC) commissioner has urged the U.S. to adopt a more proactive approach to crypto regulation, pointing to the leadership of Indo-Pacific nations like Japan, Singapore, and Hong Kong. He emphasized that these countries have crafted clear frameworks that foster innovation while protecting investors, in contrast to the U.S., where […]

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Police Analyze Monero (XMR) Transactions To Arrest 18 People Suspected of Fraud in Japan: Report

October 21, 2024 The Daily Hodl

Daily Hodl

Japanese authorities, including the National Police Agency and a joint task force from nine prefectural police departments, arrested 18 individuals involved in a scam using Monero (XMR). According to multiple reports, the suspects allegedly used stolen credit card details to make fraudulent purchases, primarily on the flea market app Mercari. Over the span of June […]

The post Police Analyze Monero (XMR) Transactions To Arrest 18 People Suspected of Fraud in Japan: Report appeared first on The Daily Hodl.

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Japanese authorities trace Monero, arrest 18 in $670K laundering case

October 21, 2024 Coin Telegraph

Japanese authorities trace Monero, arrest 18 in 0K laundering case

Coin Telegraph

The group of scammers has been under investigation by Japan’s newly formed cybercrime unit since August.

For the first time in crypto history, Japanese authorities arrested a gang of 18 scammers by analyzing Monero transactions.

Japanese authorities analyzed approximately 900 Monero (XMR)-based money laundering transactions from the gang of scammers, which caused approximately 100 million yen ($670,000) worth of damage during their criminal activity.

Japanese authorities told local media outlet Nikkei that this marks the first time in history that the country’s law enforcement agencies have used Monero transactions to identify a group of criminals.

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Palau Collaborates With Japan to Introduce Blockchain Savings Bonds

October 9, 2024 Bitcoin.com

bitcoin.com

The government of Palau has taken a major step towards integrating blockchain technology into its economy with the launch of Palau Invest, a digital savings bond platform. This initiative, developed in collaboration with Japan, offers citizens a unique opportunity to invest in national infrastructure projects and boost economic growth. Palau Launches Blockchain-Based Savings Bonds The […]

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Japan’s Metaplanet makes $7M Bitcoin buy, bringing holdings to $40.5M

October 7, 2024 Coin Telegraph

Japan’s Metaplanet makes M Bitcoin buy, bringing holdings to .5M

Assets

The Japanese investment firm has scooped up more than 200 Bitcoin so far this month.

Japanese investment company Metaplanet made another Bitcoin purchase, bringing its stash to almost 640 Bitcoin and sending its stock surging more than 10%.

On Oct. 7, Metaplanet announced its latest Bitcoin purchase after the Tokyo-listed firm scooped up another 108.78 Bitcoin (BTC), worth about $6.92 million at its current price of around $63,600.

Metaplanet, which has been dubbed “Asia’s MicroStrategy” after the American BTC-buying firm, has been aggressively acquiring BTC and amassed more than 215 BTC over the week, following a 107.91 BTC purchase on Oct. 1.

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Bitcoin price recovery driven by growing US financial concerns

October 4, 2024 Coin Telegraph

bonds

Bitcoin price recaptures the $62,000 level as investor grow increasingly concerned about the fiscal health of the US

Bitcoin (BTC) has risen 2.4% since retesting the $59,900 support level on Oct. 3, despite facing initial resistance at $62,000. The gains on Oct. 4 were primarily driven by macroeconomic factors, such as US employment data, expectations of economic stimulus in Japan, and growing concerns about the US financial system.

In the US, the economy is booming, but fiscal conditions deteriorated. Interestingly, the US dollar surged to a 50-day high against other major currencies, including the euro, the British pound, and the Japanese yen.

Historically, the relationship between the US dollar Index (DXY) and Bitcoin has been inversely correlated. However, this latest movement seems to defy that pattern.

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Global Surge in CBDC Development: 134 Countries Now Exploring Digital Currencies

September 19, 2024 Bitcoin.com

Atlantic Council

New data shows that 134 countries, representing 98% of global GDP, are now exploring central bank digital currencies (CBDCs), with 66 nations advancing to pilot or development stages. Every G20 nation is engaged in CBDC efforts, with notable leaders such as China and the European nations pushing forward. The U.S. remains lagging behind Europe and […]

Japan

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