Japan Financial News

Ripple-based payment system MoneyTap continues growing in Japan, with several local banks opening access to the application for their clients.

The Play-to-Earn (P2E) business model may not be dead, but game publishers and developers are exploring alternatives to replace it, according to a panel at the NFT.NYC 2023. Cointelegraph team was on the ground in New York to bring exclusive insights from the NFT event. 

Amber Group, a Singapore-based crypto lender, is considering selling its Japanese unit as part of its plan to focus more on institutional business rather than retail business, Bloomberg reported. 

Asia is “crucial” to the Web3 gaming industry as it already boasts the majority share of gamers, gaming revenue and has a high interest in blockchain technology a new report suggests.

FTX has recovered over $7.3 billion in cash and liquid crypto assets, an increase of more than $800 million since January, the company's attorney said on Wednesday at a U.S. bankruptcy court hearing in Delaware. FTX attorney Andy Dietderich said the company is starting to think about its future after months of effort devoted to collecting resources and figuring out what went wrong under the leadership of indicted ex-founder Sam Bankman-Fried. Bankman-Fried has pleaded not guilty. «The situation has stabilized, and the dumpster fire is out,» Dietderich said. FTX has benefited from a recent rise in crypto prices, Dietderich said. Its total recovery would be valued at $6.2 billion based on crypto prices from November 2022, when it filed for bankruptcy after traders pulled $6 billion from the platform in three days and rival exchange Binance abandoned a rescue deal.

With interest in central bank digital currencies (CBDCs) at an “unprecedented” level, the International Monetary Fund (IMF) is experiencing heavy demand for guidance in regard to them. In response, the IMF planned to release a CBDC handbook, deputy managing director Bo Li said in a recent speech.

Bankrupt crypto exchange FTX has recovered approximately $7.3 billion in cash and liquid crypto assets, an increase of more than $800 million since January, according to the company’s counsel at a bankruptcy court hearing in Delaware.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

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Amid privacy and cybersecurity issues and recent bans by different countries, artificial intelligence (AI) company, OpenAI released a program to combat vulnerability concerns.

The Group of Seven (G7) organization aims to help developing countries introduce central bank digital currencies (CBDCs) in line with international standards. 

Warren Buffett is bullish on Japan. The legendary value investor told Japanese media that Berkshire Hathaway had increased its stake in several of the country’s trading houses recently, and that he had his eye on other investment opportunities.

A group of filmmakers and community participants is working on a feature film chronicling the rise of Kabosu, the Shiba Inu featured in the famous Doge meme, from an abandoned puppy to a global icon. 

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Governments around the world are finding themselves face to face with questions on how to handle the swift rise of artificial intelligence (AI). 

Goldman Sachs agreed 10 April to pay $15m to settle regulatory claims that it obscured the cost of derivatives that clients purchased to bet on or against an index of overseas stocks.

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Vishal Gupta, who has been the head of exchange at Coinbase, is reportedly leaving his position after more than two years at the United States-based cryptocurrency exchange.

TOKYO–Kazuo Ueda, the Bank of Japan ’s first new governor in 10 years, said he would maintain monetary easing and negative interest rates despite market expectations for an early policy change. 

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Japan has shown support for OpenAI amid a sea of bans by different countries and uncertainties for the company.