This article has been updated to specify that SBI Holdings has made an announcement about the delisting of BCH, and not mentioned listing BSV. Japanese financial services giant SBI Holdings will delist bitcoin cash (BCH) from its virtual currency exchange in June 2019, Cointelegraph Japan reports on April 16. SBI Virtual Currencies has now officially announced its plans to delist bitcoin cash — a cryptocurrency created from a hard fork of bitcoin (BTC). Bitcoin cash is the first hard fork of the major cryptocurrency, created in August 2017. In turn, bitcoin SV is a hard fork version of bitcoin cash, …

Japanese crypto startup FXCoin revealed it has completed a third-party allotment of shares with financial services giant SBI Holdings. The development, which contributes to FXCoin’s aim of launching a crypto exchange business in the country, was reported by Cointelegraph Japan on April 15. FXCoin, which currently focuses on providing market information for investors, was founded in December 2017 by Tomoo Onishi — the former head of foreign exchange sales at Deutsche Bank. Alongside Onishi, who now serves as FXCoin’s CEO, the startup also reportedly counts Nomura, Mitsubishi UFJ Financial and HSBC veterans in its workforce. As Cointelegraph Japan further reports, …

Major Japanese bank Resona will withdraw from Ripple-powered blockchain payment project MoneyTap on May 13, the bank announced on April 11. A subsidiary of Resona Group, the fifth largest banking group in Japan as of 2012, Resona Bank joined the project in October 2018, along with SBI Sumishin Net Bank and Suruga Bank. Launched on Oct. 3, MoneyTap payment service uses Ripple’s blockchain solution xCurrent, which claims to offer instant domestic bank-to-bank transfers. The project was co-developed by Japanese financial services giant SBI Holdings and blockchain firm Ripple, the firm behind XRP, the third top cryptocurrency by market cap. In …

Blockchain payment app MoneyTap, co-developed by Ripple and Japanese financial services giant SBI Holdings, has received investments from 13 local banks, according to an SBI press release published on March 28. In the announcement, SBI Holdings informs that Kiraboshi Bank, Shinsei Bank and Hokuriku Bank, along with ten other local financial institutions, have joined their project as shareholders. MoneyTap, which was designed to quickly transfer money via a mobile app using Ripple’s blockchain solution xCurrent, will reportedly receive investments from other Japanese financial institutions later this year. According to SBI Holdings, the banks using the solution are going to cooperate …

Japanese financial giant SBI Group has created a dedicated subsidiary that will manufacture cryptocurrency mining chips, the company confirmed in a notice on March 22. SBI, which has launched spin-offs covering various aspects of the cryptocurrency industry, now says it wishes to expand its influence in the mining sector through the creation of SBI Mining Chip Co., Ltd. (SBIMC). The company will join industry stalwart manufacturers, chief among which is Bitmain, which released its latest product this week. “The SBI Group strongly promote [sic] on a wide range of businesses based on the digital asset, including cryptocurrency exchange business and …

Yoshitaka Kitao, CEO and representative director of Japanese financial services giant SBI Holdings, has singled out Ripple (XRP) and blockchain consortium R3 as reasons to remain optimistic about the future of the crypto industry — bear market notwithstanding. Kitao made his remarks during an interview with Japanese crypto news outlet Coin Post on Feb. 18. SBI Holdings is an active partner of Ripple via their joint venture, “SBI Ripple Asia,” established to promote the use of XRP in Asian financial markets back in 2016. In his interview with Coin Post, Kitao underscored that the protracted crypto market slump is not …

Cryptocurrency mobile wallet BRD has raised $15 million in a Series B financing round supported by SBI Crypto Investment, according to a press release shared with Cointelegraph on Jan. 25. SBI Crypto Investment, a subsidiary of the Tokyo-based SBI Holdings, contributed to the funding, which BRD states will help to accelerate international expansion and scale its technology platform. In the press release, BRD also announced the availability of cryptocurrency purchases through the use of SEPA transfers in the European market through a partnership with crypto payment provider Coinify. In September 2018, crypto wallet Abra also enabled support for SEPA bank …

Switzerland-based Cryptocurrency ‘smart card’ wallet manufacturer Tangem has secured $15 million in funding from Japanese finance giant SBI Group, the company confirmed in a press release Jan. 21. Tangem, which began issuing its first wallets in June 2018, aims to increase cryptocurrency adoption by making assets spendable in a manner similar to conventional smart cards often used in transport and loyalty settings. Ticketing and loyalty will now form two of the target industries Tangem hopes to leverage to spread crypto smart cards, according to Tangem’s press release. The company also said it is eyeing initial coin offering (ICO) token distribution, …

SBI Crypto Investment, a subsidiary of the Japanese financial giant SBI Holdings, has invested in crypto firm Breadwinner AG, Cointelegraph Japan reports on Jan. 15. SBI’s crypto investment fund did not disclose the amount contributed to Switzerland-based Breadwinner, the developer of mobile crypto wallet BRD. According to the announcement, BRD operates in 170 countries and has been downloaded by 1.8 million Android and iOS users. SBI’s Interim results announcement reveals that in the six months that ended Sept. 30, 2018, SBI Holdings registered over 176 million yen in revenue (about $1.6 million). BRD has not responded to Cointelegraph’s request for …

Vctrade, a crypto exchange recently launched by Japanese financial giant SBI Holdings, has implemented Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) deposits. The company has revealed this in a press release published Dec. 21. The announcement further notes that the exchange — which was launched in July — is considering adding Bitcoin Cash (BCH) deposits after further evaluation of the cryptocurrency. SBI has also explained that cryptocurrency withdrawals will not be available until late January 2019, and will be limited to a hardware wallet that the company refers to as “designated wallet.” The ability to only use one specific wallet, …

South Korea’s SBI Savings Bank has signed an MoU with DAYLI Intelligence, a specialist in AI and blockchain technology, to bolster its fintech business, Money Today reports September 3. DAYLI Intelligence provides blockchain solutions and AI-based tech infrastructure for financial institutions. The firm will reportedly assist SBI in implementing both blockchain and machine learning to maximize work efficiency and reduce costs across various financial products and services. DAYLI will provide SBI with solutions based on ‘LoopChain,’ the protocol that it has developed alongside blockchain startup theloop as part of the ICON ecosystem. The latter is a project that aims to …

Japanese financial services giant SBI Holdings announced in a press release Monday, August 20, that it had made a second investment in troubled cryptocurrency exchange LastRoots. SBI, which last month opened its own cryptocurrency exchange after gaining regulatory licensing, without disclosing the amount of the investment, which follows its initial cash injection in December 2017. “We are preparing to strengthen our in-house team to register the virtual currency exchange business,” the company explained in the release about its plans for LastRoots. One of the exchanges singled out by regulators for improvement following Coincheck’s $530 million hack in January this year, …