Japan’s Largest Bitcoin Lightning Community Partners With Top Tokyo Real Esta...
Japan’s largest Lightning Network community Diamond Hands is partnering with a top real estate firm in Tokyo for a joint-research project to further adoption.The largest Lightning community in Japan, Diamond Hands, is partnering with one of the largest real estate firms, Open House Group, in Tokyo for a joint-research project.Open House will research leveraging the Bitcoin Lightning Network for real estate transactions in the region.The real estate company will also look to build out infrastructure practices for businesses in the area looking to adopt the Lightning Network.Open House Group....
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According to a report, the Bank of Tokyo-Mitsubishi UFJ Ltd., Japan’s largest bank will soon become the world’s first global bank to issue its own digital currency. A new bank-issued virtual currency may be in the offing next year. Dubbed “MUFG coin”, short for the Mitsubishi UFJ Financial Group — the parent company of the Bank of Tokyo-Mitsubishi – the bank, will issue the virtual currency in the autumn of 2017, according to a report on The Asahi Shimbun, a prominent national newspaper in Japan. The publication cites sources who reveal that the virtual currency will help facilitate....
Technology giant IBM has signed a contract with the Bank of Tokyo-Mitsubishi, Japan’s largest bank, to develop and implement a blockchain based on smart contracts among business entities. The Hyperledger Project, an open-source blockchain platform led by the Linux Foundation will see its deployment in a new partnership between IBM and the Bank of Tokyo-Mitsubishi UFJ (BMTU). The two companies will build on a prototype that sees smart contracts on a blockchain used in multi-party business transactions to improve accountability and efficiency of service level agreements. An initial pilot....
Japan’s largest bank – Bank of Tokyo-Mitsubishi UFJ (MUFJ) – has announced that it is working to create its own virtual currency similar to Bitcoin in an effort to reduce expenses and establish a robust backend accounting and settlement system. According to unnamed bank officials, the virtual currency will be called “MUFG coin” after the Mitsubishi UFJ....
Less than a year after raising ¥3 billion ($27 million) in a record funding round by a bitcoin and Fintech company in Japan, Tokyo-based bitFlyer now sees all three of Japan’s ‘mega-banks’ as investors in the bitcoin exchange. In an announcement today, bitFlyer, Japan’s largest bitcoin exchange and blockchain services company, revealed fresh funding from Mizuho Capital and SMBC Venture Capital, both of which are the investment arms of the Mizuho Banking Corporation and the Sumitomo Mitsui Banking Corporation respectively. The two banking corporations join Mitsubishi UFJ as investors in....
A federal judge in Chicago has ruled that a U.S. lawsuit claiming that Japan’s Mizuho Bank inflated customers’ losses directly by limiting withdrawals from their Mt Gox accounts, as the now-defunct exchange’s banking partner, can move forward. Furthermore, the Judge also rejected the bank’s argument that the case should be moved to Japan from the United States, a report by Reuters revealed. It was 2014 when one of the world’s largest bitcoin exchanges failed when Tokyo-based Mt Gox collapsed. The fallout saw multiple lawsuits filed against the exchange and its founder and CEO Mark Karpeles....