As another day dawns, the crypto community’s morning tea includes Donald Trump’s speech at the digital summit. While prices have still hit a slump, the regulatory sector has sprung into action in the past day. Notably, a few hours ago, the SEC released a statement discussing that PoW mining is
Bank of Japan made headlines today with its decision to keep interest rates steady at 0.5%. Meanwhile, the crypto industry is eagerly awaiting today’s FOMC meeting on US interest rate decisions. Bitcoin price reacted little to the BOJ news, trading at $83,900 with a price rise of 0.38% today. The
Tokyo-listed mobile game studio Gumi Inc. has announced that between the months of February and May 2025, it intends to purchase Bitcoin (BTC) worth around 1 billion Japanese yen, about $6.58 million. Gumi Inc. points out that Bitcoin investment is one of the measures to consolidate the node operation business
Metaplanet, also known as Japan’s Microstrategy, once again turned all the eyes towards it with its latest announcement. The company plans to acquire more Bitcoin, increasing its existing holdings. While Microstrategy is the pioneering global firm to relentlessly purchase BTC, Metaplanet is making headlines following in its footsteps. *Metaplanet Issues
This week brings glad tidings to the crypto community in the form of the largest cryptocurrency surpassing $100K. Bitcoin has gone full bullish as it reclaimed the $102K zone, though briefly, for the first time this year. Meanwhile, Michael Saylor has suggested an intriguing proposition to increase the cryptocurrency’s value
Amidst raising institutional adoption of Bitcoin and global countries considering it for creating a reserve fund, Bitcoin is struggling to regain its previous highs. After falling to the lows of $92,000 price range, Bitcoin is slowly recovering and is trading in the $98k range today. Considering the limited supply and
Japanese investment firm Metaplanet expects to achieve its first consolidated operating profit since 2017. The Tokyo-based firm projects ¥890 million ($5.8 million) in revenue for the fiscal year ending December 31, 2024. This marks a 240% increase from the ¥261 million reported last year. Operating profit is anticipated to reach
Tokyo-listed Metaplanet Inc., often referred to as Japan’s MicroStrategy, has announced the issuance of its fourth series of ordinary bonds worth 4.5 billion yen (approximately $30 million). The proceeds from the bonds will be directed toward purchasing Bitcoin (BTC), continuing the company’s strategic reserve asset expansion. The bonds carry a
BIT Mining Ltd., formerly known as 500.com, has agreed to pay a $10 million penalty to resolve allegations of violating the Foreign Corrupt Practices Act (FCPA). The charges stem from a bribery scheme aimed at influencing Japanese government officials to secure a casino license between 2017 and 2019. Former CEO
Japan’s regulatory stance on crypto exchange-traded funds (ETFs) remains cautious, even as the U.S. and Hong Kong make strides in launching spot crypto ETFs. Despite the increasing demand for these financial products globally, Japan’s Financial Services Agency (FSA) continues to play it safe. The country’s crypto investors face tax hits
