Home web3.0 Japanese Company Buys Millions of BTC and Altcoins, China Prepares to Study Crypto – Will Asia Propel the Bitcoin Bull Run?

Japanese Company Buys Millions of BTC and Altcoins, China Prepares to Study Crypto – Will Asia Propel the Bitcoin Bull Run?

Sep 29, 2024 pm 09:30 PM
Crypto BTC Altcoins China Asia Bitcoin Bull Run Japanese Company

Buying millions in Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Avalanche (AVAX) as part of a strategic investment, Japanese listed business Remixpoint has made a noteworthy movement in the crypto market. Meanwhile, China is starting to investigate cryptocurrencies and their part in the worldwide digital economy concurrently.

Japanese Company Buys Millions of BTC and Altcoins, China Prepares to Study Crypto – Will Asia Propel the Bitcoin Bull Run?

Japanese listed business Remixpoint has made a noteworthy movement in the crypto market, buying millions in Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Avalanche (AVAX) as part of a strategic investment. Meanwhile, China is starting to investigate cryptocurrencies and their part in the worldwide digital economy concurrently.

The timing of these events begs questions regarding the possible impact of Asia on the next surge in Bitcoin values.

Remixpoint Discloses Crypto Purchases

Remixpoint company revealed on September 26 intentions to buy 1.5 billion yen (about $10.55 M) worth of crypto. This project fits the company’s plan for diversifying its assets and controlling the risks connected to the devaluation of the yen.

Japanese listed company Remixpoint has purchased BTC, ETH, SOL, and AVAX to achieve diversified investment, reduce the risk of yen depreciation, and optimize cash management strategies. The company announced a plan to purchase virtual currencies totaling 1.5 billion yen (about…

Remixpoint revealed the quantities of BTC, ETH, SOL, and AVAX bought when confirming its transactions on September 27.

The purchase breakdown shows 64.4 BTC worth 600 million yen, 130.1 ETH at 50 million yen, 2,260.5 SOL at 50 million yen, and 12,269.9 AVAX at 50 million yen.

China Calls for Crypto Research

While Remixpoint actively invests in crypto, China is taking a more cautious approach. Former vice minister of the Ministry of Finance Zhu Guangyao has advised the Chinese government to investigate cryptocurrencies and their global policy developments.

China’s former vice minister of finance called for China to study the latest changes in cryptocurrencies and policy adjustments internationally, as it is crucial to the development of the digital economy. He mentioned Trump’s embrace of cryptocurrencies and the U.S. approval of…

Speaking at a conference, Zhu talked on the need to realize the possibilities as well as the hazards that cryptocurrencies bring.

He cited the approval of 11 Bitcoin ETFs by the U.S. Securities and Exchange Commission and former U.S. President Donald Trump’s support of cryptocurrencies as major events China should pay great attention to. Zhu’s remarks come at a time when the Chinese government has maintained a strict stance on cryptocurrency mining and trading.

Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!

Read also: Could Ripple’s (XRP) Price Cross the $1 Mark Soon? Here’s the Outlook

Regional Dynamics and Future of Bitcoin

The changes in China and Japan mirror different views on crypto across Asia. While China’s cautious approach indicates a growing curiosity about the worldwide shift toward crypto, Remixpoint’s proactive investment demonstrates Japan’s evolving embrace of digital assets.

The different strategies could have wider effects on the crypto industry, particularly because Asian countries are significantly involved in accepting and controlling digital currencies.

Follow us on X (Twitter), CoinMarketCap, and Binance Square for more daily crypto updates. Get all our future calls by joining our FREE Telegram group.

Join and Get 10k Tokens FREE!

The above is the detailed content of Japanese Company Buys Millions of BTC and Altcoins, China Prepares to Study Crypto – Will Asia Propel the Bitcoin Bull Run?. For more information, please follow other related articles on the PHP Chinese website!

Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

BTFD: The Meme Coin That's Poised to Take the Crypto World by Storm in 2024 BTFD: The Meme Coin That's Poised to Take the Crypto World by Storm in 2024 Nov 12, 2024 am 09:20 AM

Meme coins have taken the crypto world by storm, capturing imaginations and wallets alike with a blend of humor, community, and high-reward potential.

IntelMarkets (INTL) Presale: A Lucrative Investment Opportunity Positioned to Dominate the Cryptocurrency Space IntelMarkets (INTL) Presale: A Lucrative Investment Opportunity Positioned to Dominate the Cryptocurrency Space Nov 15, 2024 am 04:00 AM

Since the beginning of IntelMarkets' (INTL) presale, investors have been excited about the company. The coin is positioned to dominate the cryptocurrency space based on its success to date.

Bitcoin Price Forecast: $100K Rally in Sight as Whales Load Up, Trump Touts DOGE Bitcoin Price Forecast: $100K Rally in Sight as Whales Load Up, Trump Touts DOGE Nov 15, 2024 am 12:16 AM

As seen above, Bitcoin recorded 5,095 whale transactions worth at least $1 million each on November 12. This represents a 396% increase from the

DOGE Whales Make Their Mark: Is the Meme Coin on Its Way to a New All-Time High? DOGE Whales Make Their Mark: Is the Meme Coin on Its Way to a New All-Time High? Nov 10, 2024 pm 06:38 PM

This heavy buying comes on the heels of election results that have sparked renewed optimism across crypto assets. Could the Dogecoin price rally be the ultimate play

Bitcoin (BTC) Exchange Reserves Drop to November 2018 Lows, Raising Liquidity Concerns Bitcoin (BTC) Exchange Reserves Drop to November 2018 Lows, Raising Liquidity Concerns Nov 17, 2024 am 09:58 AM

Bitcoin's (BTC) exchange reserves have dropped to their lowest level since November 2018, reflecting a significant shift in market dynamics.

Cryptocurrency Market Overview: Bitcoin Dominance Falls as XinFin Network Emerges as Top Gainer Cryptocurrency Market Overview: Bitcoin Dominance Falls as XinFin Network Emerges as Top Gainer Nov 17, 2024 pm 06:52 PM

The total cryptocurrency market cap is currently $3.08T after a 0.22% increase on the day. Bitcoin is trading at $90,501 after seeing a -0.94% loss in the last 24 hours.

PEPE the Frog Meme Coin Soars 42% as Coinbase and Robinhood Revive the Crypto Market PEPE the Frog Meme Coin Soars 42% as Coinbase and Robinhood Revive the Crypto Market Nov 14, 2024 pm 01:34 PM

The meme coin based on the avatar of Pepe the Frog rose by 42% on November 13 during a lull in the stock market. This quickly came after it was listed on

Bitcoin Hits Record Highs, but Four Altcoins Show Potential for Higher Returns by 2025, Poised to Outshine the Market Leader Bitcoin Hits Record Highs, but Four Altcoins Show Potential for Higher Returns by 2025, Poised to Outshine the Market Leader Nov 18, 2024 am 09:40 AM

Bitcoin is soaring to record levels, drawing the eyes of investors everywhere. But while it dominates the headlines, other digital currencies may offer even greater gains.