Yoshitaka Kitao is vesting his future hopes for crypto in Ripple and R3 technologies. Yoshitaka Kitao, CEO and representative director of Japanese financial services giant SBI Holdings, has singled out Ripple (XRP) and blockchain consortium R3 as reasons to remain optimistic about the future of the crypto industry — bear market notwithstanding. Kitao made his […]
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Japan’s central bank examines central bank digital currencies in a new report, laying out their benefits and drawbacks. Japan’s central bank has examined the role of central bank digital currencies (CBDCs) in the current monetary system in a report released on Feb. 19. In the document, the bank describes the possible ways to implement a […]
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SMBC conducted a proof-of-concept of R3’s Marco Polo with a multinational Japanese player. Japan’s second-largest bank by assets, Sumitomo Mitsui Banking Corporation (SMBC), has completed a proof-of-concept (PoC) using blockchain consortium R3’s Marco Polo trade finance platform. A press release confirmed the PoC completion on Feb. 18. SMBC, which is the only Japanese bank participating […]
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Tokyo-based Recruit Co., Ltd. has invested in privacy coin project Beam Development Limited. Japanese employment information services company Recruit Co., Ltd. has invested in a blockchain-focused company Beam Development Limited, according to an announcement published on Feb. 18. Per today’s press release, Recruit has invested in Israeli blockchain startup Beam Development Limited. The investment was […]
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Crypto markets are seeing a bullish surge of green, with all of the top twenty cryptocurrencies seeing growth between 2 and 12 percent. Monday, Feb. 18: Crypto markets are seeing a bullish surge of green, with all of the top twenty cryptocurrencies seeing growth of between 2 and 12 percent, as data from Coin360 shows. […]
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According to a new report from e-commerce giant Rakuten, the new version of its payment app will support “all payment solutions” — evidently including crypto Japanese e-commerce firm Rakuten announced that a major update of its Rakuten Pay mobile app will be released on March 18, according to the firm’s 2018 earnings release, published on […]
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The Japan Association of New Economy has asked the country’s financial watchdog to reduce crypto tax from 55% to 20%. The Japan Association of New Economy (JANE) has asked the Japanese Financial Services Agency (FSA) to reduce the current tax rate for crypto trading income, Cointelegraph Japan reported on Feb. 14. Led by Hiroshi Mikitani, […]
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The Global Open Network is a joint effort with a U.S. content delivery and cloud platform company. Japan’s Mitsubishi UFJ Financial Group (MUFG) has officially announced it will launch a new blockchain-based payment system, according to a press release published on Feb. 12. The world’s fifth-largest bank is working on the project in partnership with […]
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Mt. Gox may have crashed the Bitcoin price in 2018 by dumping $321 million on an exchange. The now-defunct cryptocurrency exchange Mt. Gox reportedly liquidated around $312 million worth of Bitcoin (BTC) throughout February and June of 2018 through a Japanese exchange called BitPoint. GoxDox, an organization that was established to assist Mt. Gox creditors, […]
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Mark Karpeles — former CEO of the now-defunct BTC exchange Mt. Gox — has refuted Brock Pierce’s claims he can reboot the trading platform and accelerate creditor recovery. Mark Karpeles — the former CEO of the now-defunct Bitcoin (BTC) exchange Mt. Gox — has refuted controversial crypto figure Brock Pierce’s claims he can reboot the […]
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