Japan

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 […]

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Coinbase CEO calls on countries to establish Bitcoin reserves

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.

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Coinbase CEO calls on countries to establish Bitcoin reserves

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. […]

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Coinbase CEO calls on countries to establish Bitcoin reserves

Gate.io Suspends New Account Registrations in Japan Amid Regulatory Pressures

July 23, 2024 Bitcoin.com

bitcoin.com

In response to compliance requests from Japan’s Financial Services Agency, crypto exchange Gate.io has announced the suspension of new account registrations for customers based in Japan, effective from July 22, 2024. The exchange is ceasing all services in the country due to regulatory pressures. However, Gate.io has expressed its intention to comply with Japanese laws […]

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Coinbase CEO calls on countries to establish Bitcoin reserves

Tokyo-Based Metaplanet Adds Almost 22 More Bitcoin to Its Treasury

July 16, 2024 Bitcoin.com

Bitcoin

Metaplanet, a Tokyo-based public company, has revealed that it has acquired more bitcoin for its treasury holdings. According to disclosure statements, Metaplanet acquired 21.877 bitcoin, spending about $1.26 million (200 million Japanese yen) for this purpose. Now, Metaplanet holds 225.61 bitcoin, having paid a little over $14.17 million for the cryptocurrency acquired. In May, the […]

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Coinbase CEO calls on countries to establish Bitcoin reserves

Phaver’s Japan Lead Ace Shares Insights on Navigating the Japanese Web3 Market

July 8, 2024 Bitcoin.com

bitcoin.com

This week, I had the opportunity to speak with Ace, the Japan lead for Phaver, a rapidly growing Web3 social platform. During our conversation, Ace shared insights into his journey into crypto, Phaver’s strategic focus on the Japanese market, the unique characteristics of Japanese crypto communities, and the challenges and opportunities facing blockchain projects in […]

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Coinbase CEO calls on countries to establish Bitcoin reserves

Metaplanet Announces Bitcoin Purchases Totaling Nearly $2.5 Million

July 8, 2024 Bitcoin.com

Bitcoin (BTC)

Metaplanet, a Tokyo-listed public company, has disclosed it has completed bitcoin purchases amounting to 400 million yen (almost $2.5 million). The company, which vowed to use bitcoin as a strategic reserve asset to navigate the uncertainties of the Japanese economy and the devaluation of the yen, acquired 42.466 bitcoin at an aggregate price of $58,600 […]

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Coinbase CEO calls on countries to establish Bitcoin reserves

Softbank lost 99% when the dotcom bubble burst, now it’s all-in on AI

July 3, 2024 Coin Telegraph

chatGPT

Softbank Group stocks reached an all-time-high on a market capitalization of $97.2 billion.

Softbank Group Corporation’s stock rose 1.5% to reach an all-time-high on Tuesday, July 2. The high mark comes just a few years after the company saw its shares plummet amid the closure of numerous high-profile tech startups, including WeWork, and a tech sector crackdown by the Chinese government.

Analysts have largely attributed the Japanese company’s recent uptick to its pivot toward artificial intelligence and the performance of its computing subsidiary Arm Holdings.

As Cointelegraph recently reported, company founder and chairman Masayoshi Son recently announced that Softbank would pursue greater involvement in artificial intelligence (AI) technologies.

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Coinbase CEO calls on countries to establish Bitcoin reserves

Tokyo Stock Exchange-Listed Metaplanet Boosts Bitcoin Holdings

July 1, 2024 Bitcoin.com

Bitcoin

Metaplanet, listed on the Tokyo Stock Exchange under the ticker 3350, announced on July 1 that it has made an additional bitcoin purchase. Following the company’s disclosure on June 24 about plans to acquire BTC worth 1 billion yen ($6.2 million), Metaplanet has initiated the purchase with an investment of 200 million yen. This transaction […]

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Coinbase CEO calls on countries to establish Bitcoin reserves

More Than Half of Japanese Institutional Investors Looking to Invest in Crypto: Survey From Nomura Arm

June 25, 2024 The Daily Hodl

crypto

A recent survey of Japanese investors finds that institutional traders in Japan are aiming to allocate funds to crypto. In a recent report, Japanese financial giant Nomura’s digital asset arm Laser Digital surveyed over 500 investment managers in Japan. “More than 500 investment managers in Japan were surveyed; from institutional investors, family offices and public-service […]

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Coinbase CEO calls on countries to establish Bitcoin reserves