Japan | ForkLog

ForkLog 95 02.04.2025

Japan’s Second Largest Bank SMBC to Launch Stablecoin

Sumitomo Mitsui Financial Group, which manages Japan’s second largest bank, SMBC, plans to launch a stablecoin in collaboration with Ava Labs and Fireblocks, according to Nikkei. The financial institution will test the project in the second half of 2025, with the token release scheduled for 2026. Ava Labs will create the blockchain infrastructure, while Fireblocks […]

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ForkLog 92 24.03.2025

Metaplanet Acquires 150 BTC Following Eric Trump’s Appointment to Company Board

Metaplanet, dubbed the “Japanese Strategy,” has acquired 150 BTC worth $12.6 million. *Metaplanet Acquires Additional 150 $BTC, Now Holds 3,350 BTC* pic.twitter.com/sakdkwHSQZ — Metaplanet Inc. (@Metaplanet_JP) March 24, 2025 The purchase price was $83,801 per coin. The firm’s total crypto assets have reached 3,350 BTC ($291.3 million). Metaplanet has acquired 150 BTC for ~$12.6 million […]

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ForkLog 36 10.02.2025

Japan to Reassess Cryptocurrency Legislation

Japan’s Financial Services Agency (FSA) is set to review cryptocurrency legislation, considering the classification of digital assets as financial products “on par with securities.” This was reported by Nikkei. A special expert group within the FSA will analyze current regulations and present a reform plan by the end of June. The specialists also intend to […]

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ForkLog 20 08.02.2025

Metaplanet Shares Surge 2700% Following Bitcoin Strategy Adoption

Shares of Metaplanet, dubbed the “Japanese Microstrategy,” have soared over 2700% since the adoption of a Bitcoin strategy in early April 2024. During the same period, the leading cryptocurrency increased by 34%, while gold rose by approximately 22%. Data: Google Finance. Data: Binance Square. The company holds 1762 BTC valued at $169.6 million. Data: BitcoinTreasuries. […]

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ForkLog 19 07.02.2025

Japan Urges Apple and Google to Block Apps of Five Crypto Exchanges

Japan’s Financial Services Agency (FSA) has officially requested Apple and Google to block applications from five unregistered cryptocurrency exchanges, reports Nikkei. The list includes Bybit, MEXC Global, LBank Exchange, KuCoin, and Bitget. It is reported that Apple has already complied with the request. The company has also repeatedly warned platforms against offering services to Japanese […]

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ForkLog 23 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 13 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 27 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 13 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 32 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 8 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 37 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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