SoftBank Corp has made substantial gains on the investments it has made, prompting rivals and other Japanese firms to also invest in Japanese startups, Bloomberg reported.
Japan
Tokyo District Court extends deadline for Mt. Gox investigation
The Tokyo District Court has extended the deadline of the investigation on the reason behind the failure of Tokyo-based Mt. Gox to May 9, Reuters reported.
Yahoo Japan to take telco eAccess from Softbank in $3.2B deal
Search giant Yahoo Japan is set to take Japan-based telco eAccess from Internet firm Softbank in a deal valued at $3.2 billion (JPY324 billion) to beef up its e-commerce and advertising businesses.
Developers modify Bitcoin software to resolve transaction flaws
Developers have modified the open source Bitcoin software and released a new version to resolve the transaction flaws and to prevent a Mt Gox-like incident from happening again.
Mt. Gox reveals it found 200,000 Bitcoins in "old format wallet"
Mt. Gox said it had found 200,000 Bitcoins in a wallet that it used before June 2011. The discovery was made on March 7, a week after it had filed for bankruptcy, Reuters reported
Latest News
Mt. Gox has brought back its login screen so that users can check their Bitcoin balances. However, it's still not certain when the digital currency platform will allow users to access their digital money, TechCrunch reported.
According to security researchers at Securelist, the data stolen from the computer owned by Mt Gox Chief Operating Officer Mark Karpeles' computer contained malware that pretended to be a back-end app for Mt Gox transactions but actually stole users' Bitcoins.
Japan-based Transcosmos Inc led the $10 million funding round for Singapore-based online beauty products platform Luxola Pte Ltd, a statement about the investment said.
After the collapse of Bitcoin exchange, the government of Japan decided not to regulate Bitcoin transactions because they do not consider it a currency, but a commodity that will be subject to sales tax.
Goxcoin is the proposal that Humint and the Mastercoin Foundation have proposed that could potentially help Mt. Gox recover the bitcoins lost on its platform, TechCrunch reported.
Japan will be setting out rules this week on how it would treat bitcoin under its existing rules. This is seen as the country's first step in dealing with the digital currency after the closure of Mt. Gox, Reuters reported.
Biogen Idec, a biotech firm based in Cambridge, Massachusetts, has bought the rights of two experimental therapies for Alzheimer's from Tokyo-based Eisai Co, Bloomberg reported.
In a deal that marks its second investment in Southeast Asia, SoftBank Ventures Korea poured an undisclosed amount into Bangkok, Thailand-based online game operator Ini3 Digital to acquire a 23% equity in the said company.
In what seemed like an indication of the dominance of Sony's PlayStation 4 over Microsoft's XBox One, the video game console of the Japanese company sold 6 million units globally in less than four months, VentureBeat reported.
