Hacked crypto exchange DMM seals deal with SBI, accounts to open March
SBI VC Trade has sealed a deal with DMM Bitcoin to receive the hacked exchange’s assets, with DMM customers expected to transition to SBI in March. Go to Source
Japan
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Metaplanet buys the dip with biggest-ever 620 Bitcoin buy
Japanese investment firm Metaplanet has purchased $60 million worth of Bitcoin, the largest single BTC buy it has made since it started acquiring the cryptocurrency in May. Go to Source
Aptos co-founder and CEO Mo Shaikh steps down to ‘start new chapter’
Mo Shaikh, who co-founded the firm in 2021 alongside Avery Ching said he would stay on board at Aptos Labs as a strategic adviser. Go to Source
Softbank announces $100B investment in US AI infrastructure
The announcement came at President-elect Donald Trump’s Mar-a-Lago estate in Florida. Go to Source
Japanese lawmaker ‘Satoshi’ questions gov’t plans for Bitcoin reserve
Satoshi Yamada asked the Japanese government whether it could “convert part of its foreign exchange reserves” into Bitcoin or another token. Go to Source
Japanese crypto exchange Coincheck to debut Nasdaq trading
Following a $1.3 billion merger, Coincheck’s ordinary shares and warrants will start trading on the Nasdaq on Dec. 11. Go to Source
Japan crypto exchange DMM Bitcoin is set to liquidate: Report
DMM Bitcoin, which suffered a private key hack in May that caused a loss of $320 million in Bitcoin is reportedly ceasing efforts to revamp operations. Go to Source
Metaplanet wraps crypto media deal months after buying first Bitcoin
Japan’s Metaplanet has been gathering up Bitcoin for around six months and now wants to enter the crypto media space launching a local version of Bitcoin Magazine. Go to Source
Japan passes stimulus package, commits to crypto tax reform
Proposed changes include taxing cryptocurrency at a 20% flat rate instead of the current variable ‘miscellaneous income’ rate. Go to Source
BIT Mining to pay $10M fine for bribing Japanese politicians in former life
BIT Mining, previously known as online sports casino 500.com, made around $2.5 million worth of bribes to Japanese officials between 2017 and 2019. Go to Source
