Japans major banks back new stablecoin project for global trade

Project Pax, backed by Japans top banks, seeks to streamline cross-border transactions using stablecoins, addressing inefficiencies identified by the G20.

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Japans Sakana AI partners Nvidia for research, raises $100M

The Tokyo-based startup raised $100 million in a Series A funding round led by New Enterprise Associates, Khosla Ventures and Lux Capital, with participation from Nvidia.

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Bank of Japan maintains interest rates at 0.25% after core inflation firm to 2.8%

BoJ's rate hold amid inflation concerns highlights cautious economic strategy, contrasting with US Fed's aggressive rate cuts boosting markets.

The post Bank of Japan maintains interest rates at 0.25% after core inflation firm to 2.8% appeared first on Crypto Briefing.

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Japanese Bitcoin investor Metaplanet works with Ripples partner SBI

SBI Groups fully-owned crypto exchange, SBI VC Trade, will assist Metaplanet in its Bitcoin strategy by providing various support in trading, storage and operation.

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Blockchain adoption in Asia Pacific will expand into SMEs Blockdaemon

Blockdaemon executive Andrew Vranjes said that tax regulations and the lack of uniform regulations across jurisdictions hold back institutions from adopting blockchain. 

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Metaplanet Stock Soars 6% Following Another Bitcoin (BTC) Acquisition

The firm has boosted its Bitcoin holdings with a $2 million purchase, bringing its total to nearly 400 BTC.

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Japans Metaplanet Increases Bitcoin Holdings By $2 Million, Heres How Much BTC It Owns Now

Japanese early-stage investment company Metaplanet purchased an additional $2 million worth of Bitcoin today, reaffirming the firms trust in the leading digital asset. Japanese MicroStrategy Bolsters Its Bitcoin Reserves In an announcement on September 10, 2024, Metaplanet said it had increased its cryptocurrency holdings by 38.464 BTC, bought for approximately 300 million yen ($2 million). [...]

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AI offerings are a bad joke, and investors aren't laughing

Neither OpenAI nor other tech giants have produced systems capable of doing much, but that hasn't stopped them from pushing for massive new investments.

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Metaplanet Secures ¥1 Billion Loan to Buy More Bitcoin

Metaplanet, a publicly listed Japanese investment firm, has secured a ¥1 billion ($6.8 million) loan to purchase additional Bitcoin. This comes just days after announcing plans to raise ¥10.08 billion through a stock rights offering, mostly for Bitcoin buys. Metaplanet first revealed its Bitcoin ...

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Immutable (IMX) Achieves Major Milestones in July 2024, Expands into Japan

Immutable (IMX) records significant growth with 2M Passport signups, new gaming titles, and expansion into Japan in July 2024. (Read More)

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Diamond hands: Mt. Gox creditors hodl Bitcoin despite 10-year wait

Mt. Gox creditors defy expectations by holding onto their Bitcoin despite a decade-long wait to get their hands on it.

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Japanese firm Metaplanet to invest $58.76M in Bitcoin

Metaplanet Inc allocates 8.5 billion yen for Bitcoin, enhancing its crypto treasury amid Japans market volatility.

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Metaplanet To Raise $70 Million To Buy More Bitcoin

Metaplanet, a Japanese public company, announced a plan to raise $70 million through a stock rights issue to buy more Bitcoin.

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Overly optimistic Bitcoin traders washed out as BTC futures turn neutral

The Bitcoin futures premium plunged to its lowest levels in 10 months, but traders have refused to turn bearish.

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Japan eyes Web3 growth with startup-focused tax reforms

Japanese minister Takeru Saito hopes to create an environment to lure businesses and developers worldwide.

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NVIDIA Introduces NIM Microservices for Generative AI in Japan and Taiwan

NVIDIA launches NIM microservices to support generative AI in Japan and Taiwan, enhancing regional language models and local AI applications. (Read More)

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DMM Crypto explores stablecoin launch under Japans regulations

Japan’s DMM Group, along with its subsidiary DMM Crypto, is partnering with blockchain developer Progmat to explore the launch of a stablecoin under existing local regulations, according to an Aug. 23 statement. Initially, the stablecoin will be integrated into DMM’s digital economy project, Seamoon Protocol. It will be designed to enhance stability and ultimately boost […]

The post DMM Crypto explores stablecoin launch under Japan’s regulations appeared first on CryptoSlate.

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Progmat, DMM partner to introduce stablecoin for Seamoon Protocol

The DMM conglomerate hopes the coins powering its anime-filled Web3 ecosystem will be used with and among its partners as well. 

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NVIDIA GH200 Superchip Revolutionizes Apache Spark with Unprecedented Efficiency

NVIDIA's GH200 Superchip enhances Apache Spark performance with 35x faster query responses and up to 22x fewer nodes, significantly reducing energy consumption. (Read More)

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Bitfarms acquires Stronghold Digital Mining in $125M deal

As part of the acquisition, Stronghold shareholders will receive 2.52 shares of Bitfarms for each share held.

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