Coinbase Approved to Enter Cryptocurrency Market of Japan coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.
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Tokyo-based Hacobu, a business-to-business logistics optimization startup, has announced that it has secured 940 million yen (about $8.7 million US) in its latest round of funding. Participating investors are JIC Venture Growth Investments (JIC VGI), NN Corporate Capital (Investment arm of Nomura Real Estate Holdings), Toyota Tsusho (TSE:8015), Logistics Innovation Fund (Spiral (TSE:8015), Logistics Innovation Fund (a sector-focused fund managed by Spiral Capital and ledby Seino Holdings as an anchor limited partner), SMBC Venture Capital, Daiwa House Group’s Daiwa Logitech, and Mitsui Fudosan (TSE:8801). For the startup, this round follows 160 million yen funding in November of 2016, 140 million yen funding in November of 2017, and 400 million yen funding in April of 2019. Among the investors participating in the latest round round, Daiwa Logitech and Mitsui Fudosan followed their previous investments made in September of 2017 and September of 2019 respectively. The
May 10, 2021
With investors around the world fueling another crypto asset boom since late last year, elevating the values of digital currencies such as bitcoin, Japanese players in the space are hopeful that the country will be able to advance to the next stage after undergoing a period of scrutiny and renewal.
Perhaps, the most symbolic indication of the local industry’s progress is the steady growth recorded by Coincheck Inc., which is now under Monex Group Inc., an online brokerage.
A hacking attack that hit Coincheck in January 2018 put a wet blanket on a growing cryptocurrency frenzy. In the aftermath of the massive cryptocurrency heist, which saw ¥58 billion worth of NEM coins taken from the Tokyo-based startup, Japan’s cryptocurrency market appeared to have lost vigor amid an intensified crackdown on virtual currency exchange operators by the country’s financial watchdog.
Japan s Hacobu secures $8 7M to use big data for optimizing B2B logistics – BRIDGE thebridge.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thebridge.jp Daily Mail and Mail on Sunday newspapers.