Tag Archive: Japan

• Altcoin News, Bitcoin, Bitcoin Cash, News, News teaser

  A Stunt Too Far? Roger Ver Silent Amid Claims He ‘Lied’ About Conference

  Bitcoin.com CEO and Bitcoin Cash (BCH) proponent Roger Ver faced embarrassment Monday after attempting to pass off a Tokyo Blockchain conference as his own. ‘It Wasn’t A Bitcoin Cash Event’ The free event, titled the Tokyo Free The Blockchain Conference, was held at the Ritz Carlton Monday evening. Speakers included various business professionals, both Japanese and international, along with startups and investors. Tweeting a photograph from the event, Ver commented on how “we” – Bitcoin

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  Wilma Woo · April 17, 2018 · 2:00 pm
• Altcoin News, Bitcoin, Bitcoin Businesses, Bitcoin Exchange, News, News teaser

  Kraken Exchange Decides to Close down Japanese Operations

  Kraken, the US-based cryptocurrency exchange, has announced their plans of ceasing all of their trading operations in Japan in the near future.  Release the Kraken . . . From Japan! The Kraken exchange, one of the larger cryptocurrency exchanges in existence, has just announced that they will be leaving the Japanese market for the time being. In a report published by Bloomberg, Kraken stated: Suspending services for Japan residents will allow us to better focus

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  Nick Chong · April 17, 2018 · 4:00 am
• Altcoin News, News, News teaser, Ripple

  Ripple Likes Regulation, Requests More from the UK

  Ripple, the most centralized cryptocurrency among the market leaders, has asked regulators in the UK to follow Japan’s example by ramping up the rules and acting to corral the untamed cryptocurrency market. Ripple Likes Rules As reported by The Telegraph, Ripple’s head of regulatory relations, Ryan Zagone, has requested that UK regulators find the sweet spot between “capturing risk and enabling innovation,” while specifying three “pillars” for lawmakers to focus their regulations on – consumer protection, anti-money laundering, and

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  Adam James · April 16, 2018 · 9:00 am
• Altcoin News, Bitcoin, Companies, News, News teaser

  Yahoo! Japan Enters the Crypto Field: Acquires Minority Stake in Tokyo Crypto Exchange

  Yahoo! Japan Corp announced on Friday its intentions to purchase a minority stake in BitARG Exchange Tokyo. The deal builds on the increasing mainstream acceptance of cryptocurrencies in the country on behalf of business in the face of some of the most prominent Japanese companies. Getting Involved in the Crypto Field As reported by Reuters, Yahoo! Japan Corp is set to buy a minority stake in a Tokyo-based, FSA-approved crypto exchange. The hope of Japan’s

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  Georgi Georgiev · April 13, 2018 · 5:00 pm
• Bitcoin, Bitcoin Acceptance, Bitcoin Investment, News, News teaser

  Bitcoin Boom: Japan Trades $97 Billion in One Month

  Japan has always been a hotspot for Bitcoin, but now there’s data to prove it. World Leader Japan’s Financial Services Agency (FSA) has officially released data which proves that the country is one of the foremost leaders in the world of Bitcoin trading. According to the country’s financial watchdog, a minimum of 3.5 million people was trading digital currencies on Japan’s 17 domestic exchanges at the end of March. The data also shows that a

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  Adam James · April 12, 2018 · 1:30 pm
• Blockchain Technology, News, News teaser, Technology

  Engineers in Short Supply for Japan’s Red Hot Crypto Market

  As the cryptocurrency industry continues to grow and expand at a rapid rate, an issue has become clear across the board: there is a severe shortage of skilled engineers to keep up with the pace. According to The Asahi Shimbun, this is one of the reasons given by Coincheck for their devastating hack in January. The exchange’s CEO, Koichiro Wada, explained: We were aware we didn’t have enough people working on internal checks, management and

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  Nikita Blows · April 6, 2018 · 7:00 pm
• Altcoin News, Bitcoin Investment, News, News teaser

  Crypto Big in Japan: 14% of Young Employees Invest, Study Says

  Investing in cryptocurrencies is a hot topic amongst young employees (aged 25-30) in Japan, according to a recently conducted survey held amongst 4,734 participants. The numbers also resemble the overall crypto inclination amongst students in the US to a degree. 4,734 male employees in Japan, aged 25-30, were questioned in a New R25 survey called “Questionnaire Survey on Virtual Currency” between January and March of 2018. Their answers revealed that approximately 14% owned some form

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  Georgi Georgiev · April 6, 2018 · 5:00 pm
• Altcoins, Bitcoin Regulation, Emerging Markets, News, News teaser

  Japan Unveils Guidelines to Legalize Initial Coin Offerings (ICOs)

  While countries like the United States and China aim to restrict Initial Coin Offerings (ICOs), Japan is firmly on the path towards legalizing the popular (and, at times, controversial) fundraising method. Japan Preps ICO Guidelines Japan is leading the charge in the effort to effectively regulate Initial Coin Offerings while ensuring positive growth and investor protection in the cryptocurrency space. According to a report written by the government-backed ICO Business Research Group and published by

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  Adam James · April 5, 2018 · 11:00 am
• Bitcoin, Bitcoin Businesses, Bitcoin Exchange, Companies, Emerging Markets, News, News teaser

  Monex Shares Soar Amid Rumor of Buying Coincheck Bitcoin Exchange

  The market cap of Japanese online broker Monex Group shot up 20% April 3 after rumors spread about it buying troubled cryptocurrency exchange Coincheck. Monex Shares Surge 20% Data from Bloomberg currently circling social media shows the company attaining a market cap of $1 billion, up from $800 million. Shares had made gains from 344 to 424 yen per piece. The news, originally reported by Nikkei but which Monex has not yet officially confirmed, comes

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  Wilma Woo · April 3, 2018 · 10:00 am
• Altcoin News, News, News teaser

  Crypto Hot Spot Japan Shows No Love for ICOs

  Despite Japan’s position at the forefront of crypto-trading and regulation, there is one area in which they sorely lag behind. Although ICOs have exploded onto the world stage over the last couple of years, Japan has seen barely a handful. No Regulation, No Good Yesterday I suggested that it was perhaps because of the relatively strong regulatory framework that Japan was such a hot market for cryptocurrency. But as yet there are no clear guidelines relating to ICOs.

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  Emilio Janus · March 29, 2018 · 10:00 pm
• Altcoin News, Bitcoin Exchange, News, News teaser

  Two More Japanese Cryptocurrency Exchanges Shut Down

  The doors have closed on two more cryptocurrency exchanges in Japan following investigations by the country’s Financial Services Agency — raising questions as to whether or not most exchanges will be able to meet the regulatory authority’s standards. Not Secure Enough In the face of tightening regulatory oversight from the country’s authorities, two additional Japanese cryptocurrency exchanges are ceasing operations — bringing the total number of closed cryptocurrency exchanges to five. This follows the large-scale

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  Adam James · March 29, 2018 · 6:00 am
• Altcoin News, Bitcoin, Bitcoin Exchange, Bitcoin Regulation, News, News teaser, Op-Ed

  Crypto-Positivity Still Big in Japan Despite High Profile Hacks

  As the flying taxi swoops past a building-sized electronic billboard, my robot driver flicks a switch. A screen bursts into life: Five high-pitched squeals in unnecessarily shiny costumes make a noise vaguely resembling music. The message is clear. I swipe my communicator against the console in the taxi and gasp at the questionable number of credits it takes for the ride. And the relentless pounding rain tries and fails to wash the criminal scum from the streets

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  Emilio Janus · March 28, 2018 · 6:00 pm
• Bitcoin, Bitcoin Businesses, Bitcoin Price, News, News teaser

  Bitcoin Price Falls As Markets React To (False) Japan Binance Threat [UPDATED]

  Bitcoin fell $500 in hours to hit two-day lows March 22 after news broke Japanese regulators may ban the world’s largest cryptocurrency exchange, Binance. Co-Founder Ye Not Concerned UPDATE: Binance CEO Changpeng Zhao has responded to the news on Twitter stating that the source showed “irresponsible journalism” as the crypto exchange is currently in “constructive talks” with the FSA and did not receive any mandates so far. Nikkei showed irresponsible journalism. We are in constructive dialogs

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  Wilma Woo · March 22, 2018 · 7:30 am
• Altcoin News, Bitcoin, Bitcoin Acceptance, Companies, News, News teaser

  Mastercard Open to Cryptocurrency, But There’s a Catch

  An executive confirms that Mastercard is open to the use of cryptocurrency, but there is a major catch involved. Banks have notoriously been steadfast in their opposition to cryptocurrencies, and this is for a very good reason. The peer-to-peer economic marketplace of digital currencies is a direct threat to the current financial monopoly held by banks and other financial institutions. Which is why it was surprising when an executive at Mastercard said that the credit

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  Jeff Francis · March 19, 2018 · 3:30 am
• Bitcoin, Bitcoin Regulation, Emerging Markets, News, News teaser

  Japan, France & Germany to Ask G20 for Help Regulating Bitcoin

  A Japanese government official has revealed that the country will ask G20 members to strengthen security measures in an effort to prevent money laundering by way of cryptocurrency. Whether or not Japan will get help from its G20 counterparts, however, remains to be seen. Japan Wants Help, but Probably Won’t Get It Japan will ask its G20 counterparts for help in the fight against digital currency-utilized money laundering, according to a government official with direct

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  Adam James · March 13, 2018 · 7:30 pm
• Altcoins, Bitcoin, Emerging Markets, Mining, News, News teaser

  Japanese Miners See Solar Energy as ‘Only Way’ to Stay Profitable

  Kumamoto-Energy, a local power producer in Japan, has announced that they will use solar energy for mining cryptocurrencies. Japan Looks to Greener Energy Cryptocurrency mining farms are trying to reduce costs and consume as less energy as possible, but sometimes the task is very difficult. Japanese miners are trying to consume renewable energy make mining activities more sustainable in the long term. Saburo Takashashi, a security analyst at Kansai Electric Power, says: This is a time for

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  Shaurya Malwa · March 10, 2018 · 3:00 pm
• Altcoin News, Bitcoin Regulation, Legislation, News, News teaser

  2018 Will Be the Year of Cryptocurrency Regulation, But is That a Bad Thing?

  Many have predicted that 2018 will be the year regulators get well and truly involved the emerging cryptocurrency market. Thus far, that certainly seems to be the case. Regulation Is Here, but Is It a Bad Thing? As we ushered in the new year, South Korea laid down regulation which prevents anonymous trading, while China went right ahead and banned trading entirely. Meanwhile, financial authorities in Germany and France have called for an international crackdown

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  Adam James · March 9, 2018 · 6:00 pm
• Bitcoin Exchange, Bitcoin Regulation, Companies, News, News teaser

  National Regulators to Shut Down Some Japanese Exchanges, Order Improvements

  Financial regulators in Japan are set to dole out punishments to multiple cryptocurrency exchanges this week, in addition to shutting some down entirely. Cracking the Whip In 2017, Japan became the first country in the world to nationally regulate cryptocurrency exchanges, resulting in a total of 16 legally registered exchanges and 16 more legally allowed to operate while their applications are considered. Now, some of those exchanges are supposedly being ordered to close their doors,

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  Adam James · March 9, 2018 · 3:30 am
• Altcoin News, Altcoins, News, News teaser, Ripple

  Ripple-Powered Mobile App to Provide On-Demand Payments in Japan

  The Japan Consortium is set to launch a revolutionary smartphone app called “MoneyTap,” which will allow customers to settle transactions instantaneously, 24/7. The app is powered by Ripple’s blockchain technology. Instant Domestic Transfers for 80% of Japan According to an announcement on Ripple’s official website, this is the first time in Japan a mobile transaction settlement app has been developed which will be utilized by multiple banks throughout the country. SBI Net Sumishin Bank, Suruga

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  Adam James · March 7, 2018 · 4:00 am
• Bitcoin, Bitcoin Regulation, Emerging Markets, News, News teaser

  Cryptocurrency Makes Up Only 0.17% of All Money Laundering Cases in Japan

  Cryptocurrency opponents have long argued that digital currencies are tools for money launderers. If the National Police Agency in Japan is to be believed, that may indeed be the case — though it’s not as prevalent as one might think. Minimal money laundering According to reports, the National Police Agency in Japan suspects 669 cases of cryptocurrency-utilized money laundering between the months of April and December. The reports come directly from the cryptocurrency exchange operators

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  Adam James · February 23, 2018 · 6:00 pm
• Bitcoin, Bitcoin Exchange, News, News teaser

  Japanese Exchange Accidentally Offers Free Bitcoins

  Everyone’s looking to get the best deal when buying Bitcoin — but for seven lucky buyers, a Japanese exchange accidentally offered them the deal of a lifetime. Free Bitcoins! According to Reuters, a short-lived system glitch at Japanese cryptocurrency exchange Zaif let seven customers briefly purchase bitcoins free of charge. Zaif’s accidental flash sale took place on February 16th and only lasted about 20 minutes. Unsurprisingly, none of the sales were validated. Zaif rendered the

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  Adam James · February 21, 2018 · 8:30 am
• Altcoin News, Bitcoin Exchange, Bitcoin Regulation, Bitcoin Security, News, News teaser

  Cryptocurrency in Japan: Crypto Industry Groups to Merge, Launch Self-Regulatory Body

  Japan is one of the world’s most crypto-friendly nations at the moment. It made digital currencies legal tender in April last year and enjoys a free and unfettered crypto trading environment. The drive behind this adoption of virtual currencies is an efficient and structured framework of regulation. This is about to be improved with the merger of two of the country’s leading cryptocurrency groups. According to reports the Japan Blockchain Association and the Japan Cryptocurrency

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  James Levenson · February 16, 2018 · 2:30 am
• Bitcoin Exchange, Bitcoin Regulation, News, News teaser

  Japanese Authorities Raid Hacked Coincheck Exchange

  Japan’s Financial Services Agency raided the offices of the hacked Coincheck cryptocurrency exchange to see if they had adequate funds to repay customers. The recent hack of the Coincheck cryptocurrency exchange in Japan sent a shock wave through the crypto world. The total value of the loss was staggering, coming in at around $530 million. The Financial Services Agency (FSA) originally gave the exchange essentially a slap on the wrist, but due to the seriousness

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  Jeff Francis · February 2, 2018 · 1:45 am