Japanese authorities are said to be looking at ways to relax the country’s laws regarding cryptocurrencies as more and more companies see the potential of blockchain. The decision of Japan can be attributed to the increasing appreciation of the impact of blockchain technology to business operations and the overall economy. Since the country is well-aware…
Este artículo también está disponible en español. Japanese early-stage investment company Metaplanet purchased an additional $2 million worth of Bitcoin today, reaffirming the firm’s trust in the leading digital asset. ‘Japanese MicroStrategy’ Bolsters Its Bitcoin Reserves In an announcement on September 10, 2024, Metaplanet said it had increased its cryptocurrency holdings by 38.464 BTC, bought…
Japanese investment firm Metaplanet Inc. announced today that it has purchased an additional 38.464 BTC, worth approximately 300 million yen ($2 million). The Tokyo-listed company disclosed that this purchase brings its total Bitcoin reserves to 398.832 BTC, worth around 3.75 billion yen ($26 million). Metaplanet’s Shares Soar 5.87% Following the announcement, the company’s stock rose…
Metaplanet Inc. has acquired an additional 38.464 Bitcoin, valued at approximately ¥300 million ($2 million), according to a Sept. 10 statement. This latest purchase brings Metaplanet’s total Bitcoin holdings to 398.832 BTC, worth about ¥3.75 billion ($26 million). According to Yahoo Finance data, following the acquisition, Metaplanet’s stock rose 4.42% to ¥1,086. The stock is…
Japan’s largest power utility, TEPCO, is exploring Bitcoin mining using surplus renewable energy through its subsidiary, Agile Energy X. TEPCO estimates that using 10% of Japan’s surplus renewable energy for Bitcoin mining could generate up to $2.5 billion a year. Japan’s Tokyo Electric Power Company (TEPCO) is exploring green energy management through its subsidiary, Agile…
Agile Energy X, a subsidiary of Tokyo Electric Power Company (TEPCO) in Japan, is investigating the utilization of excess renewable energy for Bitcoin mining. The startup is deploying mining machines adjacent to solar farms in Gunma and Tochigi prefectures, with the objective of transforming surplus renewable energy into crypto. A calculation conducted by Agile Energy…
September 9, 2024 at 12:30 PM GST updated: September 9, 2024 at 11:09 AM 2 mins read News TEPCO’s Agile Energy X is using wasted solar energy to power Bitcoin mining rigs, reducing energy loss in Japan. In 2023, Japan curtailed 1,920 gigawatt-hours of renewable energy, equivalent to the annual power usage of 450,000 households….
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…
Japanese culture captivates millions around the world, but the creators behind its art often remain inaccessible. With 8Ships, Terry Tomonaga is changing that. 8Ships Is Connecting Japan’s Artists, Artisans, and Craftmen to a Global Audience 8Ships’ mission is to connect people all over the world with Japan’s unusually hard-to-reach artists, craftsmen, and artisans. While Japanese…
According to a report from Asahi Shimbun, one of Japan’s oldest national newspapers, a subsidiary of Tokyo Electric Power Co. (TEPCO) has taken an innovative step into the world of bitcoin mining. Agile Energy X, the subsidiary in question, has cleverly placed its bitcoin mining units right next to solar farms in the Tochigi and…
September 8, 2024 at 04:55 AM GST updated: September 8, 2024 at 03:24 AM 2 mins read News Ripple eyes Japan for RLUSD launch amid US regulatory delays, seeking clearer legal pathways. Ripple to challenge USDT, USDC in $170B stablecoin market with upcoming RLUSD on XRP and Ethereum. Japan’s favorable crypto laws attract Ripple for…
The launch of the Ripple-USD (RLUSD) stablecoin is facing several challenges in the US owing to regulatory issues that are hindering the process. CEO Brad Garlinghouse revealed that the company is considering Japan as the next region for the new stablecoin launch. The decision comes at a time when Ripple is struggling with hiccups around…
September 7, 2024 at 12:10 PM GST updated: September 7, 2024 at 10:43 AM 2 mins read Crypto Live News Japan’s largest banks are launching Project Pax to integrate stablecoins into cross-border payments, using familiar systems like SWIFT. Stablecoins, pegged to the yen, aim to minimize currency fluctuation risks in international trade, following Japan’s 2022…
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…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Japan’s Financial Services Agency (FSA) has proposed major changes to the nation’s crypto tax. The proposed reforms, detailed in an August 30 request, would align the tax treatment of crypto assets more closely with traditional financial assets. Japan’s Heavy Crypto Tax Currently, Japan’s crypto tax structure imposes hefty rates…
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…
September 2, 2024 at 11:23 AM GST 2 mins read News Metaplanet collaborates with SBI VC Trade to accept Bitcoin with corporate provision and funding in Japan. The goal of cooperation is to make Bitcoin a commonly used investment tool and to develop advanced financial services using cryptocurrencies. This shows the increasing sophistication of the…
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…
Japan’s DMM Group, along with its subsidiary DMM Crypto, is partnering with blockchain developer Progmat to explore the launch of a stablecoin under existing local regulations, according to an Aug. 23 statement. Initially, the stablecoin will be integrated into DMM’s digital economy project, Seamoon Protocol. It will be designed to enhance stability and ultimately boost…
Market News The acquisition expands Sinohope’s influence in the crypto market. Avenir Asset Holding owns 84.62% of Japan’s BitTrade. Sinohope, a Hong Kong-listed cryptocurrency firm previously Known as Huobi Technology, has announced its intention to acquire Avenir Asset Holding for $30.46 million. The deal was confirmed through an official statement on the Hong Kong Stock…