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 […]

French Bybit Users Face Service Shutdown—Withdrawals End in Weeks

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 […]

French Bybit Users Face Service Shutdown—Withdrawals End in Weeks

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 […]

French Bybit Users Face Service Shutdown—Withdrawals End in Weeks

Metaplanet Announces Bitcoin Purchases Totaling Nearly $2.5 Million

July 8, 2024 Bitcoin.com

Metaplanet Announces Bitcoin Purchases Totaling Nearly .5 Million

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 […]

French Bybit Users Face Service Shutdown—Withdrawals End in Weeks

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.

French Bybit Users Face Service Shutdown—Withdrawals End in Weeks

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 […]

French Bybit Users Face Service Shutdown—Withdrawals End in Weeks

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 […]

The post More Than Half of Japanese Institutional Investors Looking to Invest in Crypto: Survey From Nomura Arm appeared first on The Daily Hodl.

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Softbank CEO says company’s purpose is to create ‘artificial super intelligence’

June 22, 2024 Coin Telegraph

Coin Telegraph

Billionaire finance mogul Masayoshi Son also said that AI will be 10,000X smarter than humans by 2035.

The founder and CEO of Japanese investment conglomerate Softbank, Masayoshi Son, believes artificial intelligence (AI) will be one to 10 times smarter than humans by 2030 and 10,000 times smarter by 2035.

Son’s comments came during Softbank’s annual meeting in Tokyo on June 21. There, he addressed employees in what’s being called an emotional speech laying out the company’s priorities going forward.

The main takeaway from Son’s commentary appears to be that Softbank is dedicating itself to the development of an “artificial super intelligence” (ASI) that’ll be capable of upending human life as we know it.

French Bybit Users Face Service Shutdown—Withdrawals End in Weeks

Arthur Hayes: Japanese Banks in Crisis Over Dollar-Yen Carry Trade Failures

June 21, 2024 Bitcoin.com

Arthur Hayes

Japanese banks, once secure in their financial strategies, are now facing severe challenges due to shifts in global monetary policies, as outlined by Bitmex co-founder Arthur Hayes in his latest blog post. These institutions are caught in a cycle of low yields and high hedging costs, which dramatically impact their operations and financial stability. Japanese […]

French Bybit Users Face Service Shutdown—Withdrawals End in Weeks

Bitflyer Takes Over FTX’s Defunct Japanese Unit: NHK

June 20, 2024 Bitcoin.com

Acquisition

According to a local report, the Japan-based crypto exchange Bitflyer has acquired the failed Japanese unit of FTX. The report indicates that arrangements are currently underway to take over the business. Bitflyer Acquires Bankrupt FTX Japan, Local Report Claims On June 20, 2024, NHK reported that Japan’s Bitflyer acquired the now-defunct Japanese unit of FTX. […]

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