Japan eyes Web3 growth with startup-focused tax reforms
Japanese minister Takeru Saito hopes to create an environment to lure businesses and developers worldwide. Go to Source
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Bitcoin pinned below $60K — Is BTC consolidating or preparing for more downside?
Institutional spot Bitcoin ETF outflows and lowered Bitcoin miner profitability could be driving the current price drop Go to Source
Bitcoin buyers wait below $58K as Japan wipes out record stocks crash
Bitcoin appears in no mood to celebrate despite Japanese stocks fully recovering from a historic drop. Go to Source
Goldman Sachs CEO: Fed Unlikely to Cut Rates Before September
Goldman Sachs CEO David Solomon expects the Federal Reserve to delay any emergency rate cuts until at least September despite weak job data, believing the U.S. economy will avoid a recession. Speaking on “The David Rubenstein Show,” Solomon indicated that while investors had anticipated potential rate cuts before the September meeting due to global market … Read more
Diamond hands: Mt. Gox creditors HODL Bitcoin despite 10-year wait
Mt. Gox creditors defy expectations by holding onto their Bitcoin despite a decade-long wait to get their hands on it. Go to Source
Japan crypto ETFs boosted by Franklin Templeton and SBI Holdings partnership
The Japanese joint venture will focus on ETFs and other “emerging asset classes” including digital assets and cryptocurrency. Go to Source
Tokyo Stock Exchange-Listed Metaplanet Completes 1 Billion Yen Bitcoin Purchase
Metaplanet Inc. announced on July 22 the purchase of an additional 200 million yen worth of bitcoin, amounting to 20.381 BTC. This latest acquisition completes the company’s 1 billion yen ($6.4 million) bitcoin purchase plan, which was initially disclosed on June 24. With this final purchase, Metaplanet’s total bitcoin holdings now stand at 245.992 BTC. … Read more
Gate.io Suspends New Account Registrations in Japan Amid Regulatory Pressures
In response to compliance requests from Japan’s Financial Services Agency, crypto exchange Gate.io has announced the suspension of new account registrations for customers based in Japan, effective from July 22, 2024. The exchange is ceasing all services in the country due to regulatory pressures. However, Gate.io has expressed its intention to comply with Japanese laws … Read more
Gate.io to wind down services for customers in Japan
The crypto exchange blamed regulatory pressures and “compliance requests” from local financial regulators as the reason it terminated its services. Go to Source
Tokyo-Based Metaplanet Adds Almost 22 More Bitcoin to Its Treasury
Metaplanet, a Tokyo-based public company, has revealed that it has acquired more bitcoin for its treasury holdings. According to disclosure statements, Metaplanet acquired 21.877 bitcoin, spending about $1.26 million (200 million Japanese yen) for this purpose. Now, Metaplanet holds 225.61 bitcoin, having paid a little over $14.17 million for the cryptocurrency acquired. In May, the … Read more
