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A monumental statue of Kabosu, the Shiba Inu dog behind the Doge meme, is set to be installed in Sakura City, Japan in early November thanks to a crowdfunding effort by Dogecoin supporters. According to the late 2022 announcement, the statue is being created to honor Kabosu on her 17th birthday
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“We've been operating for over two years, bringing Doge to places she's never been, including Hollywood, EDM bangers and space (The Doge NFT going on a SpaceX mission to moon),” tridog of PleasrDAO, the community that owns the NFT, told CryptoX in an email. Source
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Softacom CEO predicted that Artificial General Intelligence (AGI) would be realized within the next decade. Masayoshi Son, the founder and CEO of SoftBank Group Corp (TYO: 9984), has advised businesses in Japan to embrace the potential of Artificial Intelligence (AI) and called for early adoption. Son delivered the statement while speaking
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Laser Digital has been gradually expanding its array of services. In September, it unveiled a “long-only” Bitcoin exposure fund for its institutional clients called the Bitcoin Adoption Fund. Laser Digital, the digital asset arm of Japanese financial services giant Nomura, has opened a new office in Tokyo. The move is part
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SBI Holdings and TradeFinex have established a joint venture in Japan to promote their enterprise blockchain platform on the XDC Network. SBI Holdings, a Tokyo-based company that provides financial services, is the group’s primary holding firm for various businesses and branches. TradeFinex operates a decentralized finance platform on the XDC Network. It connects
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SBI Holdings and TradeFinex will look to drive trade finance adoption of the Ethereum Virtual Machine-compatible enterprise blockchain XDC Network through a new joint venture in Japan.United Arab Emirates-based firm TradeFinex operates its own decentralized platform on the XDC Network for trade finance originators to connect to a variety of
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Other jurisdictions like the European Union and even the U.K. have taken more stringent approaches to regulating stablecoins, particularly after one such cryptocurrency, terraUSD, rapidly lost parity with the U.S. dollar last year, leading to the collapse of not just the issuer but a string of other prominent players in
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This partnership is also a significant stride in the Japanese government’s endeavor to embrace blockchain technology and cryptocurrencies, fostering their broader adoption within the country and beyond. Binance Japan is partnering with Mitsubishi UFJ (MUFG) Trust Bank, a move squarely aligned with the Japanese government’s new Web3 policy. This collaboration aims
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Analysts believe that Bank of Japan would soon face pressure to raise interest rates and reverse from its loose monetary conditions. On Friday, September 22, Japan’s central bank decided to leave its interest rates unchanged amid “extremely high uncertainties”, and continue with its ultra-loose policy. Following its September meeting, the
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Once the BOJ begins policy normalisation, yen carry trades may unwind quickly, leading to increased cross-asset volatility. Source
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