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

June 22, 2024 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.

Dogecoin to ? Traders say a 140% DOGE rally could happen before February

Dogecoin to $1? Traders say a 140% DOGE rally could happen before February

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 […]

Dogecoin to $1? Traders say a 140% DOGE rally could happen before February

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. […]

Dogecoin to $1? Traders say a 140% DOGE rally could happen before February

Japanese exchange BitFlyer to acquire FTX Japan

June 20, 2024 Coin Telegraph

Bankruptcy

FTX Japan, a Japanese subsidiary of the collapsed FTX exchange, is preparing to return with a new owner after repaying its customers in 2023.

Japanese cryptocurrency exchange BitFlyer will acquire the Japanese arm of the collapsed FTX trading platform, according to local media reports.

BitFlyer Holdings is in the process of acquiring FTX Japan in a deal expected to be worth billions of yen, or tens of millions of dollars, the local news agency Nikkei reported on June 20.

Following the acquisition, FTX Japan's core business is reportedly planned to shift to crypto asset management or custody, targeting institutional investors.

Dogecoin to $1? Traders say a 140% DOGE rally could happen before February

Japanese exchange DMM loses $305M in Bitcoin via private key hack

May 31, 2024 Coin Telegraph

Bitcoin

The cryptocurrency exchange lost 4,502.9 BTC due to a hack of its private key; withdrawals have been temporarily suspended.

Centralized cryptocurrency exchange DMM has lost more than $305 million worth of Bitcoin (BTC) due to a hack of its servers on May 30. The exchange confirmed the hack on its website and stated that all user deposits “will be fully guaranteed.”

The exchange has temporarily halted withdrawals, new account openings, new spot buy orders, and all new leveraged orders. However, limit orders that have already been placed will not be canceled.

Crypto users began to discuss the attack on social media platform X at 10:14 pm UTC on May 30, when analytics platform Whale Alert posted, “4,502 #BTC (308,948,771 USD) transferred from unknown wallet to unknown new wallet.” The post linked to blockchain data that showed an outflow of 4,502.9 BTC, worth $305 million at current prices, from a single wallet.

Dogecoin to $1? Traders say a 140% DOGE rally could happen before February

Nomura, Laser Digital and GMO Internet Partner to Explore the Issuance of Stablecoins in Japan

May 29, 2024 Bitcoin.com

Altcoins

Nomura, a global financial services group, Laser Digital, a digital asset-based business, and GMO Internet, the parent company of stablecoin issuer GMO-Z, have partnered to explore the issuance of U.S. dollar and yen based stablecoins in Japan. The partnership also contemplates the development of a platform to offer stablecoin issuance services to other companies. Nomura, […]

Dogecoin to $1? Traders say a 140% DOGE rally could happen before February

Nomura and GMO Collaborate on Japanese Stablecoin Issuance

May 27, 2024 Bitcoin.com

Bitcoin

Nomura Holdings, a leading global financial services group, has partnered with Laser Digital, its subsidiary focused on digital asset solutions, and GMO Internet Group, a prominent Japanese technology company renowned for its internet infrastructure, online advertising, and fintech services. The collaboration aims to explore the issuance of stablecoins denominated in JPY and USD in Japan. […]

Dogecoin to $1? Traders say a 140% DOGE rally could happen before February

Metaplanet Shares Soar 158% on Bitcoin Strategy, Triggering Consecutive Trading Halts

May 23, 2024 Bitcoin.com

Bitcoin (BTC)

Trading in Metaplanet’s stock was halted for two consecutive days by the Tokyo Stock Exchange due to a significant price surge, following the company’s adoption of a bitcoin investment strategy similar to Microstrategy’s, which led to a 158% increase in its share price over the last week. The company’s stock price rally, which rose 127% […]

Dogecoin to $1? Traders say a 140% DOGE rally could happen before February

Bitcoin hits record in Japan, Argentina and Philippines’ local currency

May 21, 2024 Coin Telegraph

All time high

For the first time in history, the price of one Bitcoin exceeded 11 million yen in Japan, while prices also peaked in terms of the Argentinean and the Philippines peso.

Bitcoin (BTC) notched all-time highs in several countries across Asia and South America following a 7% surge on the day — pushing the cryptocurrency ever closer to its United States dollar peak.

Bitcoin prices hit an intraday and six-week high of $71,650 on May 21 following a gain of more than 7% over the past 24 hours.

The asset has returned to within 3.4% of its March 14 all-time high in USD terms of $73,738, according to CoinGecko.

Dogecoin to $1? Traders say a 140% DOGE rally could happen before February

Metaplanet Unveils ‘Bitcoin-First’ Strategy to Face Japan’s Economic Weakness

May 15, 2024 Bitcoin.com

Bitcoin first

Metaplanet, a Tokyo-listed public company, has unveiled a “bitcoin first” strategy to combat the Japanese economy’s weakness and the yen’s devaluation. In a document shared on social media, the company stated it will adopt bitcoin as a reserve asset, taking advantage of the available possibilities for increasing its holdings. Metaplanet Announces Bitcoin First Approach, Unveils […]

Japan

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