Former BOJ official warns against use of digital yen in the financial sector
Hiromi Yamaoka is currently heading a private forum of 74 companies that is planning to launch a private digital currency. Go to Source Powered by WPeMatico
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US Still Dominates Bitcoin Mining Sector, 30-Day Stats Show Foundry USA Takes Top Pool Position
Since the Cambridge Bitcoin Electricity Consumption Index (CBECI) project updated its mining map in mid-July, the United States has continued to dominate in terms of the amount of hashpower worldwide. Moreover, data shows that Foundry USA has managed to command the top pool position with 755 bitcoin block rewards mined during the last 30 days. … Read more
Japan-based crypto exchange DeCurret plans to sell to HK’s Amber Group: report
According to the Nikkei report, the crypto exchange was unable to compete with major companies including BitFlyer and Coincheck and “profits were tapering.” Go to Source Powered by WPeMatico
Sega will likely not introduce NFTs for play-to-earn if ‘perceived as simple money-making’
The company previously announced plans to expand into NFTs through a partnership with Japanese game developer double jump.tokyo. Go to Source Powered by WPeMatico
FBI Collaborates With Citibank, Sony, Japanese Authorities to Seize $180 Million in Bitcoin
The Federal Bureau of Investigation (FBI), in collaboration with Citibank, Sony, and Japanese law enforcement, has taken action to “return more than $154 million in funds that were allegedly stolen from a subsidiary of Tokyo-based Sony Group Corporation.” The U.S. Department of Justice detailed: “As a result of this coordinated effort, investigators obtained the ‘private … Read more
Financial Services Company SBI Group Launches Diversified Crypto Fund in Japan
SBI Group, the financial services company group based in Tokyo, Japan, has announced the launch of a crypto asset fund that consists of seven different digital currencies. The crypto fund launched by the Japanese company includes bitcoin, ethereum, xrp, litecoin, bitcoin cash, chainlink, and polkadot. SBI Group’s New Crypto Fund Leverages 7 Different Digital Assets … Read more
SBI announces crypto joint venture with Swiss digital exchange SIX
The crypto venture is expected to formalize its operation by the end of 2021 and start offering its services by early 2022. Go to Source Powered by WPeMatico
Japan to Propose Restricting Stablecoin Issuers to Banks and Wire Transfer Companies
Japan’s top financial regulator, the Financial Services Agency (FSA), is reportedly planning to propose legislation to restrict stablecoin issuance to banks and wire transfer companies. Crypto service providers involved in stablecoin transactions, including wallets, will also be brought under the financial regulator’s oversight. Japan to Tighten Stablecoin Regulation Japan’s Financial Services Agency (FSA) is planning … Read more
26% of crypto investors in Japan tried out NFTs: Survey
Major Japanese cryptocurrency exchange Coincheck launched its own NFT marketplace back in March 2021. Go to Source Powered by WPeMatico
Japanese megabanks join consortium launching yen-based digital currency
Private-sector behemoths in Japan are exploring digital currencies as a way to streamline large fund transfers and settlements. Go to Source Powered by WPeMatico