What is Bitcoin’s “flash crash”? / Hokkoku Bank launches Japan’s first deposit-type stable coin[10 carefully selected books to read on the weekend]

I’m not sure how to explain the “flash crash” on the 11th that started with the market correction on the night of the 10th. Crypto-related stocks such as Marathon Digital and Riot Platforms fell by double digits on the 11th, even as the tech-heavy Nasdaq continued to rise. — Carefully selected what you want to read over the weekend from columns, analysis articles, interviews, etc. published this week.

What is Bitcoin’s “flash crash”? Why did it plummet?

Bitcoin (BTC) fell 7.5% on the morning of December 11th, marking the steepest intraday decline since mid-August. Bitcoin is still up over 150% since the beginning of the year, but a large, sudden and unexpected “red candlestick” on the chart has renewed the volatility of Bitcoin, the largest cryptocurrency by market capitalization. Make me feel the pain.

Last week, it seemed like there was little in Bitcoin’s way, and many of its long-standing problems seemed to be resolved. Why did Bitcoin fall? …read more

Hokkoku Bank to issue Japan’s first deposit-type stablecoin in March – African business to be established as a local subsidiary in the first half of 2024

There is a unique regional bank that is early to take advantage of new technology, advance digitalization, and sow the seeds of business growth on the African continent. Hokkoku Financial Holdings (Hokkoku FHD) is headquartered in Kanazawa City and has approximately 1,880 employees. …read more

There’s something different about Bitcoin’s rise this time – FOMO and YOLO seem to be back.

About two years ago, crypto asset (virtual currency) prices reached their peak. Bitcoin (BTC) was about to hit $70,000. Then things got worse and worse, and chaos descended. Bitcoin sank towards $15,000 in the aftermath of the FTX collapse.

You probably remember too!

Prices rebounded for much of 2023, but it appeared to be a hard-won rally, with gains quickly followed by pullbacks. In mid-October, the price of Bitcoin was around $27,000. …read more

Bitcoin halving: The era of “the fittest” has arrived in the mining industry

Darwinism may soon defeat some Bitcoin (BTC) miners. This is because the battle for “survival of the fittest” will begin in April next year due to the halving, which occurs once every four years and will cut the mining reward for creating new Bitcoins by 50%. …read more

The well-known pullback of the Bitcoin bull market – why didn’t it occur during the recent rally?

At least half of Bitcoin (BTC)’s 160% year-to-date rise has occurred in the past eight weeks.

This trend is all the more impressive because it has a step-like structure, with prices repeatedly rising and then leveling off (consolidating). This contrasts with past gains, including the rally from late 2020 to early 2021, when pullbacks of 20% or more were common. …read more

holiday gifts from bitcoin

The era of Bitcoin (BTC) $40,000 is back. Ethereum (ETH) has also surpassed $2,000, and other tokens with smaller market caps are also trying to catch up with the major tokens. Looks like it’s just in time for the holiday season. …read more

Why Bitcoin ETFs are coveted by professionals

Bitcoin (BTC) is slowly and suddenly becoming mainstream. Some of the world’s largest asset managers, such as BlackRock and Fidelity, are preparing to launch Bitcoin ETFs (exchange traded funds) in the United States.

As Grayscale Bitcoin Trust’s discount to NAV (net asset value) has narrowed dramatically, the market is betting on the odds of the US Securities and Exchange Commission (SEC) approving a Bitcoin ETF. is estimated to be around 90%. …read more

Most Influential People in Cryptoassets 2023

This year has been a year of restructuring and transformation for the crypto asset (virtual currency) industry. After the 2022 scandals involving FTX, Three Arrows Capital, Celsius Network, and others, crypto asset prices have fallen and the industry has gone into lock-down mode, with a lack of development, reform, and compliance issues. I put effort into improving. …read more

The era when everyone has a wallet and uses stable coins has arrived — how will Web3 change the financial experience?[Event report]

Moving towards 2024, movements surrounding Web3 are becoming more active. Despite being called the “winter of crypto assets,” Bitcoin has more than doubled since the beginning of the year, and despite the weaker yen, it is on track to reach a new all-time high in yen terms.

Efforts to issue stable coins born in Japan are in full swing, the issuance amount of security tokens (digital securities) has more than doubled from the previous year, and the provision of the “EXPO2025 Digital Wallet” has begun in anticipation of the Osaka-Kansai Expo. ing. …read more

Secured finance creating an on-chain bond market: Mainnet launches

JP Morgan Chase, Citigroup, BlackRock… As major global financial institutions increasingly tokenize RWA (abbreviation for Real-World Asset; real assets; here refers to existing financial assets and banking operations), companies are trying to build a new type of bond market on blockchain. , there is a startup founded by a Japanese person. Secured Finance AG. …read more

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