SBI Seeks Majority Stake in Bitbank as Cryptocurrency Hacking Incidents Rise

SBI Group, Japan's largest internet-based financial conglomerate, has started discussions with Bitbank, a major domestic cryptocurrency exchange, about acquiring a majority stake in the company. This move comes amidst growing interest in the Japanese cryptocurrency market.

In related news, SBI VC Trade is introducing a new credit card that enables users to store cryptocurrencies such as Bitcoin, Ethereum, and XRP. The partnership with Visa and Aplos aims to provide a comprehensive service for cryptocurrency transactions.

The number of cryptocurrency hacking incidents in April 2023 reached an all-time high, according to recent reports. This has led to increased concerns about security measures in the industry.