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Search results for April 30

Crypto

Japan\'s Gumi launches crypto management fund with SBI to invest in bitcoin and altcoins

Japanese game developer Gumi will launch a 3 billion yen cryptocurrency investment fund with SBI Financial Services. The fund will invest in bitcoin and major altcoins, while seeking returns through staking and using hedging and rebalancing strategies to manage risk. Gumi said the fund aims to connect Japanese corporate capital with crypto markets and to build a track record ahead of possible future approval of crypto exchange-traded funds in Japan.

Crypto

U.S., UK listed companies sell bitcoin to repay $31.7 million in debt

Two listed companies in the United States and Britain sold a combined 511 bitcoin and repaid about $31.7 million of debt a day apart. U.S. battery technology firm KULR Technology Group sold about 333 bitcoin to repay a $20 million Coinbase credit facility principal, with unpaid interest due in August. The Smarter Web Company sold 177.8909127 bitcoin to redeem a convertible bond due Aug. 5, avoiding potential issuance of 7,718,551 shares.

Games & Commerce

NCSoft to recruit testers in August for \'Astrae Oratio\' closed beta

NCSoft said on July 20 it will run a closed beta test for its new subculture RPG \'Astrae Oratio\' and begin recruiting participants in August. The test is a trial operation to give general users their first chance to play ahead of the official launch. Detailed schedules and participation procedures will be announced later. NCSoft also plans to attend overseas events in the second half of the year, including Comic Market in August and Tokyo Game Show in September.