Metaplanet Teams Up With SBI VC Trade for Bitcoin Custody
Metaplanet said it was adopting bitcoin as a reserve asset to hedge against the volatility of the yen in May and had accumulated a total of 360 BTC by mid-August.
Japan
Attention Bitcoin Traders, the Japanese Yen Is Strengthening Again
A similar yen outperformance early this month, triggered carry unwind and rocked risk assets, including cryptocurrencies.
Japan’s Top Regulator Says Crypto-ETF Approvals Need ‘Cautious Consideration:’ Report
The boss of Japan’s Financial Services Agency (FSA) has said “cautious consideration” needs to be given to the decision of approving crypto-related exchange-traded funds.
Metaplanet Arranges Loan to Buy $6.8M of BTC
The Japanese company announced its plan to adopt bitcoin as a reserve asset to hedge against the volatility of the yen in May.
Japan’s Metaplanet Wants to Buy Another $6M Bitcoin
The firm will purchase over $6.2 million worth of bitcoin using proceeds from an upcoming bond issuance, adding to its BTC coffers.
Metaplanet Discloses $1.6M BTC Purchase; Shares Jump 10%
Japanese investment firm Metaplanet has disclosed an additional bitcoin {{BTC}} purchase worth 250 million yen ($1.58 million), taking its total holdings up to 141 BTC ($9.4 million).
Crypto Exchange DMM Bitcoin to Raise $320M to Pay Back Hack Victims
Japanese exchange DMM Bitcoin outlined plans to raise $320 million to purchase bitcoin and pay back victims of last week’s hack.
Japanese Crypto Exchange DMM Bitcoin Suffers $305M Hack
Measures have been taken to prevent further unauthorized outflows, the exchange said.
Metaplanet Makes Bitcoin a Reserve Asset As Japan’s Debt Mountain Grows
The announcement comes at a time when Japan’s fiscal crisis is said to be playing out in the currency market.
Japan’s Embrace of Web3 Uncertain as Ruling Party Under Threat
Liberal Democratic Party leader and Prime Minister Fumio Kishida once called Web3 a “new form of capitalism,” but he faces a party leadership election in September.