Japan plans a 20% flat tax on cryptocurrency gains, simplifying investment and boosting the digital asset market. The economic stimulus package includes tax reforms, higher income thresholds, and investments in advanced technologies like AI. The Japanese government is preparing a large economic stimulus package aimed at rejuvenating the country’s economy and assisting rising sectors. Anticipated…
Metaplanet has announced the purchase of 124.117 bitcoin for a total of 1.75 billion yen. This brings the company’s total bitcoin holdings to 1,142.287 BTC, valued at around 11.372 billion yen (approximately $73 million). Metaplanet’s Stock Surges 15% According to a post on X, the new purchase was made at an average price of 14,099,600…
BIT Mining, formerly 500.com, admitted to bribery between 2017 and 2019. The SEC imposed a $4 million civil penalty, credited against a $10 million DOJ fine. BIT Mining Ltd., formerly known as 500.com, has agreed to pay a $10 million penalty to resolve allegations of violating the Foreign Corrupt Practices Act (FCPA). The charges stem…
Este artículo también está disponible en español. In an announcement today, Japanese firm Metaplanet revealed plans to increase its Bitcoin (BTC) holdings by issuing $11.3 million worth of bonds to fund the purchase. Metaplanet To Increase BTC Holdings Through Bond Issuance The Tokyo-listed company announced on November 18 that its Board of Directors had approved…
November 14, 2024 at 03:50 PM GST updated: November 14, 2024 at 03:49 PM 2 mins read News Coincheck to become first Japanese crypto exchange on Nasdaq, gaining SEC approval for a December listing. Merger with Thunder Bridge Capital enables Coincheck’s Nasdaq debut, deepening U.S.-Japan financial ties. Coincheck’s Nasdaq entry could inspire other Japanese exchanges,…
OSL Group Limited announced that its Japanese subsidiary, OSL Investment (Japan) Limited, has signed a share purchase agreement to acquire an 81.38% stake in local crypto exchange CoinBest K.K., according to a Nov. 4 press statement. This acquisition represents a significant move for OSL, marking its strategic entry into Japan’s rapidly expanding crypto market, which…
BitPoint Japan’s listing of PEPE marks the first licensed memecoin trading platform for Japanese investors. PEPE’s unique deflationary model may attract Japanese crypto enthusiasts looking for innovation in digital assets. BitPoint Japan has made headlines by offering PEPE, the first memecoin available on a regulated Japanese cryptocurrency exchange. Announced on October 30, the listing is…
Japan’s investment firm Metaplanet has increased its Bitcoin (BTC) holdings to over 1,000. This follows a recent purchase of 156.7 BTC for approximately 1.6 billion yen, or about $10.4 million. Metaplanet Shares Surge 7.18% Following Purchase The acquisition, announced on Monday in an X post, brings Metaplanet’s total Bitcoin reserves to 1,018 BTC, valued at…
A U.S. Securities and Exchange Commission (SEC) commissioner has urged the U.S. to adopt a more proactive approach to crypto regulation, pointing to the leadership of Indo-Pacific nations like Japan, Singapore, and Hong Kong. He emphasized that these countries have crafted clear frameworks that foster innovation while protecting investors, in contrast to the U.S., where…
Metaplanet Inc. has successfully raised 10 billion yen ($66 million) by completing its 11th stock acquisition rights exercise. This comes as the company’s publicly-traded shares are up by 6.53% in the past month and have skyrocketed by 593.75% year-to-date. Over 13,000 Shareholders Participated in Exercise In an October 22 statement posted on X, Metaplanet’s CEO,…
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Japan’s government actively promotes Web3 as a national policy, creating a favorable environment for conducting Web3 businesses there. In an exclusive interview with CryptoSlate, Tsukada from Monex Group explains that this includes “tax reforms for handling…
In a first for Japanese law enforcement, authorities have tracked and analyzed Monero (XMR) transactions to arrest 18 alleged scammers. Yuta Kobayashi, the 26-year-old suspected leader of the group, has been charged with laundering funds through Monero and engaging in computer fraud by exploiting stolen credit card details. Money Laundering Activities Through Monero According to…
Yuichiro Tamaki, leader of Japan’s Democratic Party for the People (DPP), has proposed a crypto tax reform to support the growth of a token economy, including Web3 and NFTs if he wins the election. His plan would lower the taxation on crypto gains to a 20% separate declaration tax instead of treating them as miscellaneous…
Japan’s National Police Agency announced that an investigation into Monero (XMR) transactions led to the arrest of 18 individuals involved in a scam, including the suspected ringleader, Yuta Kobayashi. On Oct. 21, local media outlet Nikkei reported that the arrests followed the agency’s analysis of approximately 900 fraudulent Monero transactions, which reportedly caused over 100…
October 21, 2024 at 04:10 PM GST updated: October 21, 2024 at 03:23 PM 2 mins read News DPP plans a 20% flat tax on crypto, aiming to simplify transactions and boost Japan’s digital economy. Tamaki vows no tax on crypto swaps, promoting innovation as DPP gears up for Japan’s October 27 election. DPP’s crypto-friendly…
Gold and S&P500 have outpaced Bitcoin in record highs, however, market insiders observe key factors that are lining up to push BTC beyond its peak. The massive Bitcoin liquidation by the German government and the MT Got repayment announcement in the summer are reported to be the headwinds impeding the growth of the BTC price. …
Este artículo también está disponible en español. Bitcoin (BTC) is trading slightly lower in South Korea compared to the global cryptocurrency markets due to a reverse ‘kimchi premium,’ not seen since October 2023. Reverse ‘Kimchi Premium’ Makes Bitcoin Cheaper In South Korea According to a report by The Korea Times, there is a price differential…
A renowned journalist has disclosed that Japan could start a full implementation of its Central Bank Digital Currency (CBDC) by 2030. Reports also allege that Ripple could be at the center of this development as it has an extensive relationship with Japanese banks. Excitement builds around the XRP community as Japanese Journalist Shinichi Morikawa discloses…
Metaplanet shares jumped 15.7% after acquiring 107 Bitcoin. The purchase reflects growing institutional interest in cryptocurrency investments. Shares in Japanese investment firm Metaplanet soared 15.7% on October 15, following the company’s announcement of its latest Bitcoin purchase. The firm confirmed it had acquired nearly 107 Bitcoin in a strategic move to diversify its investment portfolio,…
Japanese investment firm Metaplanet has increased its Bitcoin holdings to over 700 BTC after its latest acquisition of the top crypto asset. On Oct. 11, Metaplanet confirmed the purchase of an additional 108.999 BTC for ¥1 billion. The firm acquired the Bitcoin at an average price of ¥9.17 million, roughly $61,659. This marks Metaplanet’s third…
October 11, 2024 at 11:45 AM GST updated: October 11, 2024 at 11:21 AM 2 mins read News Metaplanet strengthens its Bitcoin strategy by acquiring an additional 108.999 BTC, worth ¥1 billion. The company leverages favorable yen conditions to expand its cryptocurrency holdings, targeting ¥10 billion by 2024. Metaplanet’s sophisticated approach includes selling put options…
The government of Palau has taken a major step towards integrating blockchain technology into its economy with the launch of Palau Invest, a digital savings bond platform. This initiative, developed in collaboration with Japan, offers citizens a unique opportunity to invest in national infrastructure projects and boost economic growth. Palau Launches Blockchain-Based Savings Bonds The…
Tokyo-listed Bitcoin holder Metaplanet has purchased an additional 108.786 Bitcoin for 1 billion yen, reflecting its ongoing bullish stance on the crypto asset. The latest stash is worth around $6.7 million. Metaplanet Expands Bitcoin Holdings According to the official statement released on Monday, Metaplanet – often referred to as Japan’s MicroStrategy – now holds 639.503…
October 3, 2024 at 12:10 PM GST updated: October 3, 2024 at 10:19 AM 2 mins read News Aptos Labs acquires HashPalette, migrating its blockchain and applications to the Aptos network, pending regulatory approvals. Aptos will provide the EXPO2025 digital wallet, allowing attendees to interact with NFTs, digital assets, and decentralized apps. PLT token holders…
Reports have emerged that Japan plans to assess the effectiveness of its cryptocurrency rules. The review, which will take place over the next few months, could pave the way for the launch of crypto exchange-traded funds (ETFs) in the country. Review to Evaluate Investor Protection The news was first reported by Bloomberg, which quoted an…
Japanese investment firm Metaplanet Inc. has announced the acquisition of an additional 107.913 BTC worth approximately a billion yen ($6.9 million). This brings the company’s total Bitcoin holdings to 506.745 BTC, valued at roughly $32.2 million based on current market prices. Metaplanet Stock Soars 2% The Tokyo-listed firm disclosed that the latest purchase was made…
Bitcoin is back in the news. Japanese firm Metaplanet has made a big move into digital assets. This has got people talking about how big companies are investing in BTC. Let’s dive right in and explore this topic. Scroll down for more useful information! Also Read: Powell’s Rate Cut Hints: Crypto Market Set for a…
Prominent centralized bank SBI has announced a partnership with 21X for digital assets listing. Several banks have incorporated crypto and digital assets listing in the past months. In the last 24 hours, amid several news reports, the cryptocurrency sector witnessed the release of governmental institutions’ Bitcoin holdings data. The governmental reserves alone account for 2%…
New data shows that 134 countries, representing 98% of global GDP, are now exploring central bank digital currencies (CBDCs), with 66 nations advancing to pilot or development stages. Every G20 nation is engaged in CBDC efforts, with notable leaders such as China and the European nations pushing forward. The U.S. remains lagging behind Europe and…
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…