Japanese Firm Metaplanet to Add $659M in Bitcoin to Its Treasury, Shares Soar 90% in Response

Japanese Firm Metaplanet to Add $659M in Bitcoin to Its Treasury, Shares Soar 90% in ResponseAccording to the latest figures, Metaplanet, a company listed on the Japanese stock exchange, witnessed its share price soar by nearly 90% in just one day. This significant jump came on the heels of the company’s announcement regarding its intention to incorporate 1 billion yen in bitcoin into its balance sheet. Metaplanet Joins Forces With […]

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Sony Bank Tests Yen-Pegged Stablecoin, Taps Polygon for Pilot Project

Sony Bank Tests Yen-Pegged Stablecoin, Taps Polygon for Pilot ProjectAccording to a regional report, Sony Bank of Japan is currently exploring the potential of a stablecoin tied to the yen that could be utilized by Sony Group along with its associated entities. Insiders revealed that this endeavor’s testing phase employs the Polygon blockchain, with the crypto firm Settlemint lending its support. Polygon and Settlemint […]

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Hokkoku Bank Launches Tochika, Japan’s First Deposit-Backed Stablecoin

Hokkoku Bank Launches Tochika, Japan's First Deposit Based StablecoinHokkoku Bank, a regional financial institution in the Ishikawa prefecture, launched Tochika, Japan’s first deposit-backed stablecoin. Customers of the bank will be able to purchase the currency using Tochitsuka, an app developed by Digital Platformer, that previously allowed users to earn points from city services. Hokkoku Bank Reaches Milestone With Deposit-Backed Stablecoin Tochika Hokkoku Bank […]

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