The U.S. Federal Bureau of Investigation (FBI) and Japan's National Police Agency have confirmed that the North Korean hacking group TraderTraitor orchestrated the May 2024 hack of Japanese exchange DMM Bitcoin. According to the FBI, the group is known for using "targeted social engineering" tactics in its cyber-attacks. The law ...
Japanese investment firm Metaplanet expects to post its first consolidated operating profit since 2017 in its next shareholder report. On December 18, the Tokyo-based company announced its fiscal year projections for 2024, forecasting ¥890 million ($5.8 million) in revenue, a sharp increase from ¥261 million last year. It expects its ...
Fireblocks, a leading provider of crypto custody and blockchain infrastructure, has announced the opening of a new office in Tokyo, marking a significant step in its expansion across the Asia-Pacific region. They highlighted that Japan's crypto market is experiencing rapid expansion, with projections pointing to a 54% growth between 2024 ...
Remixpoint, a Japanese energy and automotive company, capitalized on the recent Bitcoin rally by acquiring 500 million yen (roughly $3.2 million) in BTC. In a recent company announcement, Remixpoint revealed that its latest purchase brings its total Bitcoin holdings to 250.13 BTC, valued at around 3.67 billion yen ($24.16 million) ...
Crypto fraud and scam activity tied to Japanese crypto exchanges declined substantially in the first half of 2024, according to a new report from Chainalysis. The blockchain analytics firm’s published data revealed a 69% decrease in Ethereum (ETH) transactions linked to fraudulent activity and a nearly 50% drop in Bitcoin ...
Digital currencies controlled by local governments in Japan are increasingly becoming targets for fraudsters, prompting investigative agencies to urge the implementation of more solid security measures. According to a report by the Japan Times, Police in Osaka recently apprehended seven Vietnamese nationals for allegedly using stolen credit card details to ...
Japan's Prime Minister Shigeru Ishiba has pledged to incorporate tax cut proposals from the opposition Democratic Party for the People (DPP) into the government's upcoming economic stimulus package. This initiative includes measures targeting gasoline and cryptocurrency taxes, as reported by Bloomberg on November 20. Ishiba secured approval for the stimulus ...
Japanese crypto exchange BitPoint has listed memecoin, $PEPE, on its trading platform. Notably, the cryptocurrency, which was inspired by the well-known "PEPE the Frog" meme launched in 2023, has quickly gained traction. It now ranks 24th in market capitalization, according to data from CoinMarketCap. In X post on October 30, ...
A group of Japanese companies has suggested that if the Japanese government moves forward with cryptocurrency-based exchange-traded funds (ETFs), those for Bitcoin and Ethereum should be given priority. According to Bloomberg, the group made this known in a proposal titled "Recommendations for the Composition of Crypto Assets ETFs, etc. in ...
Japan's regulators are adopting a conservative approach toward spot cryptocurrency exchange-traded funds (ETFs), in contrast to the more open policies seen in the U.S. and Hong Kong, according to Oki Shiozawa, investment director at Sumitomo Mitsui Trust Asset Management. Shiozawa, speaking with the Financial Times in a recent interview, stated ...
