Japan’s Rakuten in Talks to Buy Assets of Bitcoin Startup Bitnet

Bitcoin payments-processing startup Bitnet Technologies Ltd. is in the process of selling its intellectual-property assets to Rakuten Inc., according to a memo related to the deal seen by The Wall Street Journal. The potential deal hasn’t been completed.

John McDonnell, chief executive and co-founder of Bitnet, declined to comment. Rakuten representatives declined to comment.

Rakuten, a publicly traded Japanese e-commerce…

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