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 […]

Bitcoin ETFs flip gold funds in AUM: K33 Research

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 […]

Bitcoin ETFs flip gold funds in AUM: K33 Research

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

Bitcoin ETFs flip gold funds in AUM: K33 Research

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 […]

Bitcoin ETFs flip gold funds in AUM: K33 Research

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 […]

Bitcoin ETFs flip gold funds in AUM: K33 Research

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.

Bitcoin ETFs flip gold funds in AUM: K33 Research

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 […]

The post Entertainment Giant Sony Group Develops New Ethereum (ETH) Layer-2 Solution ‘Soneium’ appeared first on The Daily Hodl.

Bitcoin ETFs flip gold funds in AUM: K33 Research

Goldman Sachs CEO: Fed Unlikely to Cut Rates Before September

August 8, 2024 Bitcoin.com

bitcoin.com

Goldman Sachs CEO David Solomon expects the Federal Reserve to delay any emergency rate cuts until at least September despite weak job data, believing the U.S. economy will avoid a recession. Speaking on “The David Rubenstein Show,” Solomon indicated that while investors had anticipated potential rate cuts before the September meeting due to global market […]

Bitcoin ETFs flip gold funds in AUM: K33 Research

Japan Dumps $22,000,000,000 in US Treasuries in One Month As Government Mounts Billion-Dollar Battle To Prop Up Currency

August 3, 2024 The Daily Hodl

Currency

Japan is offloading billions of dollars in US Treasuries as it fights to prop up its currency. New numbers from the US Treasury Department show Japan sold $22 billion in Treasury securities in May, reducing its holdings to $1.1283 trillion. The move marks the second month in a row that Japan has reduced its massive […]

The post Japan Dumps $22,000,000,000 in US Treasuries in One Month As Government Mounts Billion-Dollar Battle To Prop Up Currency appeared first on The Daily Hodl.

Bitcoin ETFs flip gold funds in AUM: K33 Research

Tokyo Stock Exchange-Listed Metaplanet Completes 1 Billion Yen Bitcoin Purchase

July 24, 2024 Bitcoin.com

Bitcoin

Metaplanet Inc. announced on July 22 the purchase of an additional 200 million yen worth of bitcoin, amounting to 20.381 BTC. This latest acquisition completes the company’s 1 billion yen ($6.4 million) bitcoin purchase plan, which was initially disclosed on June 24. With this final purchase, Metaplanet’s total bitcoin holdings now stand at 245.992 BTC. […]

Japan

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