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.

DeFi fragmentation can only be solved at the account level

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.

DeFi fragmentation can only be solved at the account level

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 […]

DeFi fragmentation can only be solved at the account level

Ripple CEO: Japan’s Leaders Committed to Advancing Crypto and Blockchain Technology

September 9, 2024 Bitcoin.com

bitcoin.com

Ripple CEO Brad Garlinghouse discussed Japan’s potential in blockchain technology with Japanese lawmaker Taira Masaaki during XRP Community Day. Garlinghouse praised Japan’s commitment to advancing crypto, highlighting the country’s “clear frameworks and constructive policy” that encourage innovation while ensuring consumer protection. Taira, a Web3 and AI advocate in Japan’s House of Representatives, noted that the […]

DeFi fragmentation can only be solved at the account level

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

September 7, 2024 Bitcoin.com

bitcoin.com

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 allow users to initiate payments conventionally using regular banking rails. Japanese Banks Aim to Ditch Intermediaries for Blockchain-Based Stablecoin System Traditional […]

DeFi fragmentation can only be solved at the account level

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

September 4, 2024 Coin Telegraph

Japan’s Sakana AI partners Nvidia for research, raises 0M

artificial intelligence

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.

Tokyo-based Sakana AI, a year-old startup, has partnered with United States chipmaker Nvidia to develop Japan’s artificial intelligence community. The company counts Google researchers among its founders.

In addition to the Nvidia partnership, the startup raised $100 million in a Series A funding round from key investors “led by New Enterprise Associates, Khosla Ventures and Lux Capital, with participation from Nvidia.” The funds will be invested in talent and infrastructure development to advance “nature-inspired, sustainable, and energy-efficient AI technologies.”

Source: Sakana AI

DeFi fragmentation can only be solved at the account level

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

September 3, 2024 Bitcoin.com

Bitcoin

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 scarcity and decentralized nature. The partnership provides Metaplanet access to SBI VC Trade’s tax-efficient corporate custody services and the ability to use bitcoin as collateral, supporting […]

DeFi fragmentation can only be solved at the account level

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

September 1, 2024 Bitcoin.com

bitcoin.com

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, IVS Crypto, which attracts over 12,000 attendees annually. Ann Chien serves as a Partner at IVC. She […]

DeFi fragmentation can only be solved at the account level

Oasys partners with financial giant to boost Web3 gaming in Japan

August 29, 2024 Coin Telegraph

Blockchain gaming

The partnership strengthens SBI’s position in the Web3 gaming sector while enhancing Oasys’ token liquidity.

SBI Holdings, one of Japan’s largest financial conglomerates, has partnered with Oasys, a blockchain platform designed specifically for Web3 gaming.

According to a press release shared with Cointelegraph, the partnership also includes a successful round of funding from SBI Holdings to improve the liquidity of the Web3 gaming platform’s native token.

Yoshitaka Kitao, representative director, chairman, president and CEO of SBI Holdings, stated that the firm would “endeavour to further expand the use cases for blockchain technology” through the partnership.

DeFi fragmentation can only be solved at the account level

Entertainment Giant Sony Group Develops New Ethereum (ETH) Layer-2 Solution ‘Soneium’

August 24, 2024 The Daily Hodl

Altcoins

Electronics and entertainment titan Sony is developing a new Ethereum (ETH) layer-2 blockchain called “Soneium.” In a recent press release, Sony Group is announcing the development of Soneium as a means of further venturing into the world of web3. According to Sony, taking advantage of blockchain technology will give a more streamlined, secure and decentralized […]

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