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This week’s news
We bring you a summary of the crypto asset (virtual currency) news that attracted attention this week (11/25-12/1).
Since the last time, we have learned that the presence of virtual currencies is increasing globally, not only in Japan, where we are promoting the Web3 policy and digital securities (ST) related businesses, but also in Asia, such as Hong Kong and Singapore. In response to the decision to hold the conference “webX 2024” at The Prince Park Tower Tokyo, we have created a new “Asia Special Feature”.
connection:Why we need a large-scale Web3 conference in Japan | WebX founder interview
Asia’s largest Web3 conference “WebX 2024” to be held at The Prince Park Tower Tokyo https://t.co/pogMJ9oqDw
The event is scheduled to be held over two days, August 28th (Wednesday) and August 29th (Thursday), 2024. We look forward to your application!
— CoinPost (virtual currency media) (@coin_post) September 29, 2023
This week, we reported on the news that US MicroStrategy has increased its purchases of Bitcoin (BTC), and that Robert Kiyosaki, author of the best-selling book “Rich Dad, Poor Dad,” recommends investing in assets such as Bitcoin. The article is attracting interest.
table of contents
- This week’s featured news
- financial market
- Asia special feature
This week’s featured news
Overseas version of Binance to delist 4 virtual currencies (11/28)
On the 27th, the overseas virtual currency exchange Binance notified the delisting of four virtual currencies as ineligible. Following the delisting, all target stocks plummeted. (the article ishere)
Mr. Kiyosaki, author of Rich Dad: “Invest in gold, silver, and Bitcoin before it’s too late” (11/28)
On the 26th, Robert Kiyosaki once again urged people to invest in gold, silver, and Bitcoin before it’s too late. He has long recommended investing in these three assets. (the article ishere)
MicroStrategy buys approximately $600 million worth of virtual currency Bitcoin (12/1)
MicroStrategy announced on the night of the 30th that it had once again increased its Bitcoin purchases. This time, they acquired 16,130 BTC for an amount of $593 million. (the article ishere)
financial market
83.6% of Bitcoin supply is unrealized gain, the highest level since November 2021, when it reached a record high (11/27)
The Bitcoin price on this day was 1.03% lower than the previous day to 1 BTC = $37,348. According to data from Glassnode, due to the recent market rise, more than 16.36 million BTC, or 83.6%, of the total supply of Bitcoin circulating in the market has become an unrealized gain. (the article ishere)
Net inflows into Bitcoin investment products for 9th consecutive week, the largest since the “bull market” in November 2021 (11/29)
According to asset management firm CoinShares’ weekly report, institutional capital flows totaled $346 million, marking the ninth consecutive week of net inflows. Due to the combination of Bitcoin’s rise and capital inflows, total assets under management (AUM) have expanded to $45.3 billion, the highest level in the past 18 months. (the article ishere)
Bitcoin returns to the $38,000 level, setting a new year-to-date high, reports continue regarding Bitcoin ETFs (12/1)
Bitcoin price rose 0.38% from the previous day to 1 BTC = $38,000. The ProShares Bitcoin Futures ETF (BITO), which was launched in November 2021 in response to growing speculation about listing Bitcoin spot ETFs (exchange traded funds), has reached a record high of $1.47 billion in assets under management. reached. (the article ishere)
Asia special feature
SBI signs basic agreement with US Circle, aims to handle stablecoin USDC (11/27)
On the 27th, SBI Holdings announced the conclusion of a basic agreement for a comprehensive business alliance with Circle Internet Financial, which issues USDC, the world’s largest regulated stablecoin. In order to expand the use of stable coins in Japan, we aim to distribute USDC issued by Circle in Japan. (the article ishere)
Regulatory authorities leave license grace period unchanged as cryptocurrency fraud continues in Hong Kong (11/28)
Julia Leung, chief executive officer of the Hong Kong Securities and Futures Commission (SFC), said the grace period for the Cryptocurrency Regulation Ordinance will remain as scheduled despite a spate of fraud cases. “Even if the grace period ended tomorrow, fraud would still occur,” she said. (the article ishere)
JPYC plans to join forces with Mitsubishi UFJ Trust and Progmat to expand stable coins and enter the domestic and international SC exchange business (11/28)
Mitsubishi UFJ Trust and Banking, Progmat, and JPYC announced on the 28th that they have begun a joint study on the issuance of a stable coin, “JPYC (trust type),” using the “Progmat Coin” platform. Furthermore, JPYC plans to act as an “intermediary” for various domestic stablecoins and foreign stablecoins issued by Progmat Coin. (the article ishere)
Newly listed on Korean Bithumb including Web3 game “Big Time” (11/30)
On the 30th, South Korean major virtual currency exchange Bithumb announced the new handling of ERC-20 standard tokens “Big Time (BIGTIME)” and StormX (STMX). BIGTIME was listed on Coinbase in the US and offshore exchanges OKX and Bitget in October, with a market capitalization of 7.9 billion yen and trading volume of about 8 billion yen. (the article ishere)
South Korea’s Upbit newly listed virtual currency “SPACE ID” temporarily up 30% (12/1)
Upbit, South Korea’s largest virtual currency exchange, has newly listed SPACE ID (ID) as a BTC-denominated currency pair. Following the listing, SPACE ID soared 30% at one point. (the article ishere)
Featured Web3 conference dates
Web3 and virtual currency/blockchain related conferences are becoming more active worldwide. In this article, we will also introduce information on major conferences scheduled to be held in the near future, mainly in Asia.
TAIPEI BLOCKCHAIN WEEK
First of all, “TAIPEI BLOCKCHAIN WEEK (Taipei Blockchain Week = TBW)” is scheduled to be held in Taipei City, Taiwan from December 11th to 16th.
The conference will be held for the second year following the “huge success of the inaugural event, which attracted over 2,000 attendees.” This year, more than 5,000 participants are expected.
TBW’s official website states, “We gather industry experts from around the world in the Web3/blockchain field to educate and empower Taiwan to become a growth base for Web3 innovation,” and the theme is “scale” in the industry. , we plan to have leaders and experts from many well-known Web3 companies on stage.
In addition to regular speaker events, a hackathon combining AI and blockchain called “Crossroads” will also be held from December 11th to 13th, offering a chance to win special prizes.
ATTENTION DEVS
Taipei Blockchain Week Hackathon is officially open for registration 
Dive into the cutting-edge convergence of AI and Blockchain at Taipei Blockchain Week Hackathon – a must-attend in-person event for forward-thinking developers.
Learn more 
pic.twitter.com/gMG8hcuBYS
— Taipei Blockchain Week | Dec. 11-16, 2023 (@TaipeiWeek) August 30, 2023
TEAMZ WEB3/AI SUMMIT 2024
The next event that will attract attention is “TEAMZ WEB3/AI SUMMIT 2024,” which is themed on Web3 and AI, and is scheduled to be held at the Toranomon Hills Forum in Tokyo from April 13th to 14th.
TEAMZ WEB3/AI SUMMIT 2024 follows this year’s TEAMZ WEB3 SUMMIT 2023, and is an event focused on the potential for synergy between the AI and blockchain fields, which are attracting attention due to the rise of OpenAI and ChatGPT.
According to the official page, there will be more than 120 speakers next year, including more than 200 VCs, investors, and exhibiting companies. It is estimated that 5,000 people will attend.
TEAMZ WEB3 / AI SUMMIT 2024 is an upgraded event of TEAMZ WEB3 SUMMIT 2023, which was one of the most influential events in Japan’s Web3 industry.
This year, we will focus on both recent trends, WEB3 and AI, as our main themes… pic.twitter.com/JsjXkV9ZDe
— TEAMZ, Inc. (@teamz_inc) November 7, 2023
CoinPost official app
CoinPost official app (1.7.15) has been released on iOS and Android
・iOS17 compatible
・Improved display of in-app WebView
・Improved behavior when tapping notifications
Such… pic.twitter.com/Y8dikLRBe7
— CoinPost (virtual currency media) (@coin_post) November 15, 2023
The post Weekly Cryptocurrency News (+Asia Special) | High interest in MicroStrategy’s additional BTC purchases and Rich Dad author’s views appeared first on Our Bitcoin News.
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