Weekly Virtual Currency News | Micro Strategy buys more BTC, etc., attracting attention to public comment responses from the Financial Services Agency

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news of the week

We will deliver the news mainly for one week (3/25-3/31).

This week, the most widely read news was that the Financial Services Agency responded to public comments asking whether NFTs (non-fungible tokens) are eligible for crypto assets (virtual currencies).

Regarding the market, the report on the 28th, which summarizes the impact of the US Commodity Futures Trading Commission (CFTC)’s lawsuit on Binance and the reversal of XRP, is attracting attention.

In addition, an article that reported that the US business intelligence company “MicroStrategy” increased its purchase of Bitcoin (BTC) also attracted a lot of attention.


table of contents
  1. This week’s news ranking
  2. Market news ranking
  3. Virtual Currency/Blockchain Industry News

This week’s news ranking

1st place: Financial Services Agency responds to public comments asking whether NFTs are eligible for crypto assets (3/25)

On the 24th, the Financial Services Agency (FSA) released responses to the public comments it solicited in December last year regarding its views on the eligibility of various tokens as crypto assets and how to supervise acquired crypto asset exchange companies. (the article ishere)

2nd place: US Micro Strategy, additional purchase of about 20 billion yen worth of Bitcoin (3/28)

MicroStrategy announced on the 27th that it had purchased $150 million worth of Bitcoin. The company’s holdings of Bitcoin increased to 138,955 BTC. (the article ishere)

3rd place: US CFTC sues Binance and Mr. CZ for alleged violation of US law (3/28)

The US CFTC announced on the 27th that it has filed a lawsuit against Binance and its CEO Changpong Zhao (CZ). The company has taken issue with the provision of derivative trading services in the United States without intentionally registering with the CFTC. (the article ishere)

Market news ranking

1st place: CFTC’s Binance lawsuit dominates cryptocurrency selling, Ripple trial speculation XRP goes backwards (3/28)

BNB fell 5.1% from the previous day as selling dominated the cryptocurrency market after the CFTC filed a lawsuit against Binance. Due to the speculation of the Ripple trial, XRP rose by 7.5% from the previous day (26.9% from the previous month), a retrograde high. (the article ishere)

2nd place: Professional analysis of Bitcoin derivatives market before major SQ | Contribution: Virtual NISHI (3/30)

A financial professional analyzes the Bitcoin derivatives market, which plunged temporarily in response to the CFTC lawsuit against Binance before the major SQ. “Virtual NISHI”, a crypto analyst at the crypto asset exchange SBI VC Trade, explained the market trends. (the article ishere)

3rd place: The monthly trading volume of Ethereum futures is at the highest level since May last year as Bitcoin struggles in the latest high price range (3/31)

Investor sentiment improved on the day, as the financial instability surrounding the bank failures that had shaken the market receded thanks to prompt responses by the financial authorities in Europe and the United States. Since the beginning of the year, bitcoin has been trending at the latest highs while increasing its upper price. (the article ishere)

Virtual Currency/Blockchain Industry News

Disney dismantles Metaverse division as part of business restructuring = report (3/29)

It turned out that Walt Disney in the United States dismantled the department promoting the Metaverse (virtual space) concept. We are dismantling the Metaverse division as part of a broader restructuring. (the article ishere)

Mitsubishi UFJ Trust and Banking Co., Ltd. started technical collaboration in preparation for interoperability of domestically issued stablecoins (March 28)

Mitsubishi UFJ Trust and Banking Corporation has started a technical partnership with Datachain Co., Ltd. and Soramitsu Co., Ltd. on the 28th to realize smooth mutual transfers and exchanges between various stablecoins scheduled to be issued in Japan. announced. (the article ishere)

Elon Musk and AI researchers request a temporary suspension of next-generation AI model development (3/30)

On the 29th, an online signature campaign was launched asking all research institutes to suspend the development of a next-generation AI system that is more powerful than the AI ​​language model “GPT-4” released by OpenAI in March. More than 1,300 signatures have been collected, including Tesla founder Elon Musk and Apple co-founder Steve Wozniak (at the time of writing). (the article ishere)

Bank of Japan Governor Kuroda mentions a payment system for “Shin individuals” in his speech at Finsome 2023 (March 29)

In a speech on the 28th, Bank of Japan Governor Haruhiko Kuroda referred to a central bank-issued digital currency (CBDC), saying, “We have to realize it in the future, and I think it will.” He expressed his opinion. (the article ishere)

U.S. SEC Chairman Gensler mentions virtual currency in congressional testimony and also answers questions on securities law (3/30)

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler testified before the U.S. House Appropriations Subcommittee on the 29th, and also mentioned cryptocurrencies. He also spoke about the application of securities laws. (the article ishere)

Yuzo Kano to return to president of virtual currency exchange bitFlyer (3/31)

bitFlyer Holdings, which operates a major crypto asset exchange company in Japan, announced that its founder and major shareholder, Yuzo Kano, will return to the post of CEO. The election of a new director was resolved at the shareholders’ meeting on the 30th. (the article ishere)

Binance may have misrepresented China base = report (3/30)

For several years, Binance has reportedly been more active in China than the public has reported. CZ and other company executives instructed employees to hide the existence of some of the company’s offices in China, according to internal documents. (the article ishere)

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