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Formerly known as XinFin, the enterprise hybrid blockchain solution XDC Network broadens its presence on the Japanese market by striking a partnership with SBI VC Trade Co. Ltd, a cryptocurrency exchange subsidiary of Tokyo-based financial holding company SBI. On May 31, the XDC Network announced that it would be added to
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With the SBI investment, Zodia Custody will increase its Japan presence amid increased demand for digital assets from institutional investors in the country. Zodia Custody, an institutional-grade crypto asset custodial platform backed by Standard Chartered in association with Northern Trust, has announced that it raised approximately $36 million led by Japanese
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Zodia Custody, which provides digital asset custody services to institutional clients, will use the funding to increase its token coverage and enhance its settlement product, Interchange, which protects clients' assets that are traded on exchanges, it said in an emailed statement. Source
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"First Mover" was monitoring developments in Turkey, a major center of crypto adoption, that is now coping with devastation following a massive earthquake. Also, a look at crypto markets, the latest in the FTX bankruptcy court proceedings, and the sale of real estate via NFTs. OANDA Senior Market Analyst of
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Gumi, a Japanese mobile gaming company, has partnered with Square Enix and SBI Holdings to build new business opportunities around the metaverse. The deal, which also includes the issuance of new stock valued at $52.7 million dollars, will allow the company to acquire financial and content creation experience. Gumi Raises $52.7
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SBI Digital Markets, a subsidiary of the digital asset arm of Japan's financial services giant SBI Holdings, has been granted a Capital Markets Services (CMS) license to offer securities and futures trading services in Singapore, according to a Thursday announcement. Original Source
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There is evidence, however, suggesting SBI Crypto’s operation has slowed since Russia invaded Ukraine, which led to sanctions. Its mining pool hashrate, a measure of computing power spent on the Bitcoin network, has dropped by about one-third since February, according to data from information platform Blockchain.com. Source
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SBI Holdings, the largest online brokerage in Japan, is shutting down its crypto mining business in the Russian Federation. Amid mounting uncertainty over the future of such investments due to the ongoing conflict in Ukraine, as well as decreased mining profits, the financial firm said it plans to sell its
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Japanese financial giant SBI Holdings has partly terminated cryptocurrency mining in Russia due to geopolitical uncertainty and the crypto winter.SBI Holdings suspended mining operations in Russia’s crypto mining-rich region of Siberia, citing reasons like the Russia-Ukraine conflict and the ongoing bear market, Bloomberg reported on Thursday.The Japanese online brokerage shut
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