bitbank

According to BBX data, last weekend Japan's largest financial group completed the most important cryptocurrency acquisition, and U.S. bipartisan senators launched a new regulatory offensive against prediction market platforms. The core developments are as follows:SBI Holdings, Inc. (Tokyo Stock Exchange: 8473) announced the acquisition of the Japanese cryptocurrency exchange Bitbank (privately held) for approximately $289 million. After the transaction is completed, SBI's cryptocurrency business will surpass all competitors, creating Japan's largest cryptocurrency exchange. SBI Holdings is one of Japan's largest independent financial services groups, already owning cryptocurrency-friendly network bank SBI Shinsei Bank, cryptocurrency asset custodian SBI Digital Asset Holdings, and multiple Bitcoin mining and cryptocurrency venture capital investments. Bitbank is one of Japan's largest spot BTC exchanges and holds an official cryptocurrency exchange license from the Financial Services Agency (FSA) of Japan. This acquisition marks a shift for traditional Japanese financial institutions from "strategic trial" in the cryptocurrency sector to "scale acquisition dominance," alongside the joint stablecoin plan of the three major banks: Mitsubishi UFJ ($MUFG), Sumitomo Mitsui ($SMFG), and Mizuho ($MFG) (targeting March 2027), forming the most intensive wave of cryptocurrency layout in Japan's financial industry by 2026.U.S. Senators John Curtis (Republican, Utah) and Adam Schiff (Democrat, California) reported on June 28 that they jointly sent a letter to the CFTC, urging it to conduct a formal investigation into the prediction market platform Polymarket (privately held), citing a "concerning" investigative report regarding Polymarket's "deceptive marketing" practices, which accused it of systematic misleading in user acquisition and risk disclosure. This is the third regulatory offensive against prediction market platforms initiated by Congress this year (previously, the House Oversight Committee launched an insider trading investigation on May 22); the two senators come from different parties, which is significant. For Robinhood Markets, Inc. (NASDAQ: $HOOD), this investigation poses indirect pressure—Robinhood's prediction market/event contract business (which achieved a record daily trading volume in June) faces the same regulatory qualitative disputes as Polymarket; however, Robinhood's defensive advantage lies in its ongoing application for a CFTC Designated Contract Market (DCM) license, providing a clearer compliance path compared to Polymarket.

According to Nikkei News, SBI Group announced the acquisition of the Japanese cryptocurrency exchange Bitbank for 46.7 billion yen (approximately 289 million USD). Through this acquisition, SBI's cryptocurrency custody balance is expected to exceed 1 trillion yen (about 6.2 billion USD), making it the largest cryptocurrency business in Japan. A subsidiary of SBI Holdings will acquire shares of Bitbank from individual shareholders, including the founders, in August, and then Bitbank will acquire shares held by existing shareholders Mixi and Ceres by the end of October. Combining the account data from SBI VC Trade (as of April), the total number of accounts after the merger is approximately 2.92 million, with total managed assets of about 1.1 trillion yen. SBI Holdings disclosed in May that it is negotiating capital business cooperation for the subsidiary status of Bitbank.

The Japanese cryptocurrency exchange Bitbank today issued a risk warning to users regarding the use of prediction market services such as Polymarket.The announcement pointed out that prediction platforms that trade on future events, elections, or sports results using cryptocurrency assets are mostly operated by overseas institutions. If users access these platforms from within Japan and participate in trading for the purpose of making financial gains, they may be suspected of violating Japan's relevant gambling regulations.Bitbank emphasized that if the platform detects withdrawal and deposit records related to prediction markets or suspected related services in a user's account, it may implement suspension measures on that account. Once an account is suspended, the user will be unable to log in, trade, or withdraw and deposit cryptocurrency assets and yen, and the platform will not be responsible for any losses incurred as a result.

Japanese financial giant SBI Holdings has begun negotiations to acquire shares in the cryptocurrency exchange platform Bitbank, aiming to turn it into a consolidated subsidiary. SBI Chairman and President Yoshitaka Kitao stated that the company has submitted a letter of intent for the acquisition and has started discussions with Bitbank regarding capital and business cooperation. The specific timing and structure of the acquisition will be determined after due diligence and internal procedures are completed.Bitbank is one of Japan's major domestic cryptocurrency exchange platforms and has not experienced any hacking incidents since its establishment in 2014, with security as its core selling point. As cryptocurrency assets are gradually incorporated into Japan's Financial Instruments and Exchange Act, SBI believes that integrating Bitbank into the group will enhance its position in the Japanese cryptocurrency market. This move comes as SBI continues to consolidate its cryptocurrency exchange platform SBI VC Trade. Last month, SBI incorporated another exchange platform, Bitpoint Japan, into this department to streamline operations and improve profitability.Earlier this week, Bitbank also launched Japan's first credit card linked to cryptocurrency assets, allowing users to pay bills using assets like Bitcoin based on their exchange holdings, and offering a 0.5% cashback on cryptocurrency asset spending.

According to market news, the Japanese cryptocurrency exchange platform Bitbank has launched a cryptocurrency-linked credit card that allows users to pay bills directly using the assets in their exchange accounts, including settling with Bitcoin.This credit card also offers a 0.5% cryptocurrency cashback on monthly spending. The product is launched by Bitbank and aims to use the cryptocurrency assets held by the exchange for everyday payment scenarios.

According to Arkham data, at 17:34, 180.02 BTC (worth approximately $10,547,400) was transferred from an anonymous address (starting with bc1qh03v2...) to Bitbank. Subsequently, the address transferred a portion of the BTC (60 BTC) to BitGo.

According to Arkham data, at 13:59, 127.32 BTC (worth approximately $11,428,400) was transferred from an anonymous address (starting with bc1qcss8w...) to another anonymous address (starting with bc1qhvlfh...). Subsequently, that address transferred a portion of the BTC (0.005 BTC) to Bitbank.

ChainCatcher news, latest news, Bitbank will list TRX on January 27 and open the TRX/JPY trading pair.It is reported that Bitbank is one of the cryptocurrency exchanges in Japan. So far, TRX has been listed on many mainstream Japanese cryptocurrency exchanges such as Binance Japan, DMM Bitcoin, and BITPoint Japan. In addition, TRON is also a provisional member of the Japan Cryptocurrency Business Association (JCBA).

ChainCatcher news, according to Cryptonews, Japanese cryptocurrency exchange Bitbank has announced the establishment of a wholly-owned subsidiary, Bitbank Ventures, focusing on investments in overseas blockchain companies. This subsidiary will concentrate on blockchain projects from seed rounds to Series A, while also providing support for international companies entering the Japanese market.Bitbank's business development director Jun Kuwahara stated that over the past three years, the company has invested in the Web3.0 startup accelerator Next Web Capital and the crypto project Oasys. Shifting to a corporate venture capital model will accelerate the investment decision-making process and enhance investment capabilities. The new subsidiary will focus on investments in Layer 1, Layer 2 infrastructure, as well as AI, gaming, and Web3 projects.

ChainCatcher news, according to CNBC, Yuya Hasegawa, a cryptocurrency market analyst at the Japanese Bitcoin exchange Bitbank, has warned about the results of the Bank of Japan's policy meeting starting Thursday, stating that Bitcoin has not yet emerged from its predicament.He stated: "The Bank of Japan may keep the policy interest rate unchanged this time, but signs of further rate hikes could boost the yen and potentially trigger a retreat in yen arbitrage trading, which could lead to a sell-off in the Japanese stock market. Risk aversion may spread to the cryptocurrency market. Before the Bank of Japan makes a decision, Bitcoin still has some time and may continue its upward trend during Thursday's U.S. trading session. The next possible short-term target is around $65,000."

ChainCatcher News: Japanese listed company Mixi announced that its equity affiliate, cryptocurrency exchange BitBank, is preparing for an IPO. In addition to needing approval from relevant authorities for the stock listing, the planned timing and market for the IPO have not yet been determined, and there is a possibility that the IPO may be suspended during the preparation process. Currently, MIXI Corporation holds 26.99% of the shares, Ceres Corporation holds 23.05% of the shares, and the representative director and CEO of BitBank Inc. holds 30.69% of the shares.

ChainCatcher news, according to CoinDesk, the cryptocurrency exchange Bitbank, which supports the compensation work for Mt.Gox, stated that the impact of changes in Mt.Gox's wallet balance on the market is expected to be small.Bitbank's cryptocurrency market analyst Yuya Hasegawa said, "When Mt.Gox's trustee officially announced that they had started repayments, Bitcoin was fluctuating around $54,000. After the news was released, the price of Bitcoin rebounded and briefly rose to $58,000 over the weekend."Before Mt.Gox began compensation, the market had already over-digested its impact, and then reacted to the (U.S.) employment report released last Friday, which was published after Mt.Gox started repayments, Hasegawa added, "This indicates that the market's concerns about Mt.Gox repayments are beginning to weaken, and their focus is shifting back to the Federal Reserve's policy decisions."

ChainCatcher news, according to The Block Pro, creditor reports indicate that Bitbank will transfer the Bitcoin compensation from Mt. Gox to creditors within hours, without waiting for 14 days.

ChainCatcher message, according to on-chain data analyst @ai_9684xtpa monitoring, the Mt.Gox address in Mentougou has just transferred 1544 BTC to an address suspected to belong to the trading platform Bitbank.

ChainCatcher news, the Hong Kong Securities and Futures Commission today warned the public to be cautious of entities operating under the names "LonShiX" and "Bitbank (Global) Financial Holding Group" that are suspected of engaging in fraudulent activities related to virtual assets.