BlockFi to sell 20 billion yen worth of bitcoin mining machine BlockFi Sells Loan Bonds It was revealed on the 24th that BlockFi, a crypto asset (virtual currency) lending service company that is undergoing bankruptcy proceedings, is proceeding with the sale of 20 billion yen ($160 million) in loan receivables. The deadline for competitive bidding, […]
Ethereum becomes a deflationary asset again Ethereum (ETH) is once again a deflationary asset as the market rebounds. According to ultrasound.money data, Ethereum’s net issuance rate, or annualized inflation rate, has fallen to -0.07%. This means that the amount of Ethereum that is burned exceeds the amount of Ethereum that is issued. Marcus Sotiriou, a
Mr. Buterin proposes stealth address Ethereum blockchain co-founder Vitalik Buterin updated his blog over the weekend, proposing a “stealth address system” to better protect the privacy of blockchain users. Ensuring privacy remains a major challenge for the ecosystem, and “improving this state of affairs is an important issue,” he said. Stealth addresses are generated by
Crypto Asset Risk Weight The proposed “Basel III finalization” rules to revise bank capital adequacy regulations include the application of a maximum risk weight of 1,250% to crypto assets (virtual currency) held by banks in the EU (European Union). A bill has been submitted. The aim is to align the capital requirements of European banks
DMM Bitcoin announces IEO implementation of “Nippon Idol Token (NIDT)” DMM Bitcoin, a crypto asset exchange, announced on January 23 that it plans to start new sales of “Nippon Idol Token (NIDT)” through IEO this spring. Based on the agreement concluded in May 2022 by DMM Bitcoin, Obers Co., Ltd., and coinbook Co., Ltd. NIDT
Central Africa begins reviewing legal framework for crypto assets The Central African Republic has set up a committee of experts from multiple government ministries to draft crypto-related legislation, according to the country’s Faustin-Archangel Touadera. President on January 20thannounced on twitter. The ministries involved include the Ministry of Mines and Geology, the Ministry of Waters, Forests,
Coinbook and others to hold IEO for idol group creation project this spring IEO for an idol group project Coinbook Co., Ltd. announced on the 23rd that it has signed a basic agreement with OVERS Co., Ltd. and DMM Bitcoin Co., Ltd. for fundraising through IEO (Initial Exchange Offering). For the formation and activities of
Axie Infinity rises 40% before unlocking P2E (Play to Earn) game Axie Infinity’s crypto asset Axie Infinity (AXS) is on the rise despite looming unlocks worth millions of dollars . AXS has surged more than 40% over the past 24 hours to a four-month high of $13.94, according to CoinDesk data. According to Coinalyze, open
UAE Minister “Cryptocurrencies will play a big role in the future of trade” Building global governance United Arab Emirates (UAE) Trade Minister Thani Al-Zeyoudi said in an interview with Bloomberg TV in Davos, Switzerland on the 20th, “Crypto assets (virtual currencies) will play a major role in UAE trade in the future. ‘ said. The
Virtual currency and overseas relocation (overseas migration) About moving abroad while holding crypto assets nice to meet you. My name is Kida, a tax accountant. In this column, I will talk about virtual currency and overseas transfer (overseas migration). If an individual residing in Japan is transferred overseas (planned for more than one year) while
I went to Bitcoin Lake in Guatemala Revisiting El Salvador In March 2022, I visited El Salvador in Central America, which adopted Bitcoin as a legal currency in September 2021. I went to El Salvador,” and contributed five articles. Eight months later, in November 2022, I returned to El Salvador to participate in the international
Bitcoin maintains a solid high price range, and is the formation of a push point limited Virtual currency market from 1/14 (Sat) to 1/20 (Fri) this week Mr. Hasegawa, an analyst at the major domestic exchange bitbank, illustrates this week’s bitcoin chart and analyzes the future outlook. table of contents Bitcoin on-chain data Contributed by
The National Tax Agency’s NFT guidelines attract attention, lending company Genesis files for bankruptcy news of the week We will deliver the news of the week (1/14-1/20) together. The most widely read news item this week was that the National Tax Agency released a document outlining the general tax treatment of NFTs (non-fungible tokens). Regarding
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14 years since the first bitcoin transaction Finney predicted the value of Bitcoin. Some of the world’s household wealth flowed into bitcoin, and he thought that 1 BTC would one day be worth $10 million, according to columns and interviews published this week. Carefully selected 10 books you want to read on Sunday. 14 Years
U.S. Department of Justice seizes assets held by former CEO Sam 90 billion yen worth of assets seized The total amount of assets seized by the U.S. Department of Justice (DOJ) was $700 million ( Approximately 90 billion yen) was revealed on the 20th. In a court filing, U.S. Attorney for the Southern District of
Coindesk Acquired Cardano Founders and Chinese Cryptocurrency Media Interested Hoskinson and Marsbit Interested in Acquisition Wang Feng, the founder of Chinese crypto asset (virtual currency) news site Marsbit, expressed interest in acquiring cryptocurrency media CoinDesk on the 19th. In addition to Marsbit, Cardano founder Charles Hoskinson also released a YouTube video discussing the acquisition of
US SEC sues Mango Markets hackers SEC also files Mango Markets hacker case The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Abraham Eisenberg, accusing him of orchestrating an attack on cryptocurrency derivatives exchange Mango Markets. Eisenberg is already facing criminal and civil charges from the U.S. Department of Justice and the
Bitcoin and Ethereum remain strong even after Genesis filed for bankruptcy “The reaction to the news of Bitcoin (BTC)’s Genesis bankruptcy has been incredible,” said a prominent crypto observer after the largest institutional crypto lending business filed for bankruptcy. Marvel at the calm reaction of representative crypto assets (virtual currencies)tweeted. Bitcoin, the cryptocurrency with the
What is Web 3.0 where large companies are entering one after another? Web3 seminar held on January 25 CoinPost Co., Ltd., which operates Japan’s largest virtual currency and blockchain media “CoinPost”, will hold a series of seminars on Web3 for domestic businesses every month. The first series of seminars will be held on January 25
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Why are SMBC and HashPort collaborating on “Soulbound Tokens”? The non-transferable NFT “Soul Bound Token (SBT)” is attracting worldwide attention these days. In December 2022, an event about SBT was held in Tokyo, titled “New innovation brought to Web3 by non-transferable NFT (SBT) – SMBC and HashPort open up the future”. Mr. Hiroo Isowa, Managing
