Japan | ForkLog

ForkLog 10 26.12.2024

Japan Expresses Doubts Over Bitcoin Reserve Proposal

The Japanese government has clarified its stance on the possibility of holding the leading cryptocurrency as a reserve asset, as reported by Coinspot. On December 11, Satoshi Hamada, a member of the House of Councillors from the Party to Protect the People from NHK, submitted a query to the cabinet. “I think Japan should follow […]

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ForkLog 8 11.12.2024

Coincheck to Debut on Nasdaq

On December 11, trading of shares in the centralized exchange Coincheck will commence on Nasdaq. Coincheck Group N.V. announces its listing on NASDAQhttps://t.co/2kEZo6JCBq@NasdaqExchange — Coincheck(コインチェック) (@coincheckjp) December 10, 2024 The shares will be listed on Nasdaq under the ticker CNCK. Coincheck will become the second cryptocurrency exchange on the US stock market alongside Coinbase. The […]

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ForkLog 14 02.12.2024

DMM Bitcoin Exchange Faces Liquidation After Major Hack

Japanese cryptocurrency exchange DMM Bitcoin is preparing for liquidation following a $320 million loss in bitcoins due to a hack in May. This was reported by local media. The platform is halting efforts to modernize operations and plans to transfer client assets to its operator SBI VC Trade, part of the SBI Group, by March […]

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ForkLog 11 28.11.2024

Metaplanet to Raise $62 Million for Bitcoin Acquisition

The Japanese public company Metaplanet has initiated its 12th issuance of stock acquisition rights, amounting to up to 9.5 billion JPY (~$62 million), to address an “urgent need” to bolster its bitcoin reserves. *Metaplanet Announces Issuance of Moving Strike Stock Acquisition Rights to Raise Up to ¥9.5 billion ($62 million) for Accelerated Bitcoin Accumulation* pic.twitter.com/bL7rs6Qkk4 […]

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ForkLog 16 21.10.2024

Japanese Authorities Uncover Fraudster Through Monero Transaction Analysis

Japanese police have arrested 18 individuals suspected of credit card fraud and laundering over 100 million yen (more than $666,000) through cryptocurrencies, according to local media. Investigations revealed that from June 2021 to January 2022, the group listed fictitious goods on the Merkari marketplace, receiving payments via previously stolen credit cards. In total, they conducted […]

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ForkLog 6 03.10.2024

Metaplanet Gains $1.4 Million from Bitcoin Hedging Strategy

The Japanese public company Metaplanet received 23.972 BTC (~$1.46 million) as a premium from selling put options on its bitcoin holdings. QCP Capital facilitated the transaction. “By selling 223 contracts, the firm will increase its digital gold reserves if prices fall below the strike price of $62,000 at the expiration on December 27,” the statement […]

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ForkLog 14 01.10.2024

Metaplanet’s Bitcoin Holdings Surpass 500 BTC

The Japanese public company Metaplanet acquired an additional 107.913 BTC for 1 billion yen ($6.9 million). The average price of the transaction was 9.26 million yen ($64,168) per bitcoin. The firm’s total coin holdings have reached 506.745 BTC ($32.2 million). They have spent 4.75 billion yen at an average cost of 9.37 million yen ($64,931). […]

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ForkLog 6 10.09.2024

Japanese Firm Metaplanet’s Bitcoin Reserves Near 400 BTC

The Japanese investment firm Metaplanet Inc. announced the acquisition of an additional 38.464 BTC, valued at approximately 300 million yen ($2 million). The average price of the latest cryptocurrency purchase was around 7.8 million yen ($54,786). In total, the firm has spent 3.75 billion yen ($26 million) on 398.8 BTC. The average purchase price of […]

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ForkLog 8 13.08.2024

Metaplanet CEO Advocates Bitcoin Accumulation as Holdings Surpass 300 BTC

The Japanese public company Metaplanet announced the acquisition of an additional 57.1 BTC for 500 million yen (~$3.3 million). The company’s total bitcoin holdings have reached 303.095 BTC ($18 million). Last week, the firm secured a loan of 1 billion yen ($6.8 million) with an annual interest rate of 0.1%. Most of the funds were […]

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ForkLog 9 06.08.2024

Japanese Firm Metaplanet Allocates $59 Million for Bitcoin Acquisition

Metaplanet announced the allocation of 8.5 billion yen ($58.8 million) to bolster its bitcoin reserves. The public company will raise the necessary funds through an additional share issuance. The issuance will amount to 10 billion yen ($69.1 million). All shareholders will have the right to purchase securities starting September 5, with distribution commencing on September […]

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ForkLog 5 24.06.2024

Nomura Assesses Bitcoin Investment Among Japan’s Traditional Finance Sector

In Japan, 54% of institutional investors plan to allocate funds to cryptocurrencies within the next three years, according to a survey conducted by Laser Digital, a subsidiary of Nomura. Among these investors, 66% are prepared to allocate 2-5% of their available capital, with 76% pledging to act on these plans within a year. While 25% […]

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ForkLog 15 24.06.2024

Japanese Firm Metaplanet to Raise $6.3 Million for Bitcoin Acquisition

The publicly traded company Metaplanet announced its intention to issue unsecured bonds worth 1 billion yen ($6.26 million) to purchase digital gold. The interest rate on these securities will be 0.5%. The bond’s maturity and coupon payment period is set for one year. The market reacted positively to the company’s plans. Metaplanet’s shares rose by […]

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