Tag Archives: japan

Japanese financial conglomerate SBI Holdings revealed that it was planning to establish a joint cryptocurrency venture that would serve as one of the company’s key earners.SBI Expanding Crypto ServicesAccording to Reuters on Monday (Feb. 15, 2021), SBI’s founder and CEO, Yoshitaka Kitao, the company was discussing with international financial firms to set up the new crypto business. The latest development was part of SBI’s plans to expand its crypto business.The company has been active in the...

Months after Russian survey participants placed bitcoin above gold in terms of attractive investment assets, so have done investors from the United States. BitFlyer’s recent research on the people’s perception of the crypto industry also showed that Japan-based investors have a significantly more negative opinion when compared to US citizens.Americans Prefer BTC Instead Of Gold and ETFsFounded in 2014, bitFlyer is among the largest Japan-based cryptocurrency exchanges. The privately-owned...

Japanese giant SBI Group will include a new addition to its crypto lending service via its subsidiary VC Trade. Apart from the other options, Bitcoin (BTC) and Ethereum (ETH), the organization’s customers will be able to deposit XRP to earn interest as well.Adding XRP to the List of Bitcoin and Ethereum Lending Japanese giant SBI Group has announced it will include XRP in its list of lending services. The company, which started the lending endeavor in November 2020, will provide clients with...

Less than two years after entering the Japanese market, Enjin Coin has received approval from the country’s JVCEA to be listed on the cryptocurrency exchange Coincheck. Thus, the asset has become the first gaming token authorized for usage in the Asian nation.JVCEA Approves Enjin Coin’s Listing On CoincheckLaunched following several high-profile exchange hacks in 2018, Japan’s Virtual Currency Exchange Association (JVCEA) received approval from the country’s financial regulator, the FSA, to...

Nearly $5 billion in bitcoin could make their way back to Mt. Gox users following a deal between creditors and CoinLab. Nevertheless, the agreement is still reportedly subject to creditor acceptance.Bloomberg reporter Matt Leising offered a brief explanation of the story earlier today, noting that CoinLab has reached a deal with Mt. Gox creditors for 90% of the bitcoins they are owned.Should the deal indeed proceed, the creditors would receive over 135,000 bitcoins out of 150,000. With...

Mt. Gox users fallen victim to an infamous hack in 2014 are closer to receive reimbursement as the debunked exchange’s trustee finally filed a draft rehabilitation plan. The Tokyo District Court and an examiner will now review the proposal and determine the following steps.CryptoPotato reported in October that the Tokyo District Court had issued an order to postpone the submission deadline for the rehabilitation plan to December 15th. This was the second delay in 2020.Today’s announcement...

Founded in 1999, SBI Group is a financial services company based in Tokyo, Japan. Apart from offering numerous traditional financial services, the SoftBank Group subsidiary announced today a new cryptocurrency-related endeavor.SBI Group has introduced a digital asset lending service through its cryptocurrency arm – SBI VC Trade.The statement informed that the platform, dubbed VC Trade Lending, will initially support only Bitcoin. However, plans include adding support for Ether (ETH), Ripple...

Masayoshi Son, the founder, and CEO of the giant Japanese multinational conglomerate SoftBank Group, has lost millions from buying Bitcoin high and selling it low. In a recent speech, he also admitted that he doesn’t understand how the cryptocurrency works, but he believes some digital asset will have a role in the future.SoftBank CEO’s Unsuccessful Bitcoin InvestmentThe 63-year old Japanese billionaire and philanthropist recently spoke about his regrets, especially financial misfortunes,...

The world is saying hello to its newest cryptocurrency trading exchange. Known as Bitterz LLC, the exchange is based out of Japan while its parent company is stationed in a small nation in the Caribbean known as St. Vincent and the Grenadines. The firm is celebrating its addition to the crypto space by giving away free bitcoin for customers to enjoy and to get into the trading spirit.Bitterz Is Here and Ready to TradeStarting a crypto exchange is not an easy feat. There is tons of regulation...

More than a week ago, Japan’s central bank announced that it would begin testing its digital currency next year. This is coming a few months after the bank formed a new research team to accelerate its research on the feasibility of a digital currency in the country. BOJ Needs Public Support More reports surfaced that Japan has no immediate plans to launch a digital currency. However, a senior BOJ official in charge of looking into the possibility of launching a CBDC made a...