Blockchain News, Events and Companies

Recent Japan Blockchain Stories

Japan’s Second Biggest Bank Launching Yen-Pegged Stablecoin in March 2019

Mizuho Bank, Japan’s second largest financial institution, is readying the infrastructure for a stablecoin launch in March 2019, as reported by Asia Nikkei Review. The coin is aimed at increasing low-cost cross-border transfers and remittances. Moving towards Crypto-Finance Mizuho...

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Bitcoin Miners Eviscerated: Japan’s GMO Shuts Down Cryptocurrency Mining Hardware Division

GMO Internet, a major Japanese-based technology company, has shuttered its division responsible for designing and manufacturing mining chips. Mounting losses from a weak cryptocurrency market resulted in the sudden decision. In a statement released on Dec. 25, GMO explained...

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Why Japan’s Decision to Allow Crypto Sector to Self-Regulate is Significant

Japan, the largest cryptocurrency exchange market by daily trading volume, has allowed the local crypto market to self-regulate, demonstrating trust towards the country’s cryptocurrency-related businesses. The decision of the Financial Services Agency (FSA), the main financial watchdog of the...

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Mt Gox Trustee Sold $230 Million Bitcoin In 2018

Japanese cryptocurrency exchange Mt. Gox has another mountain to climb as a court-ordered civil rehabilitation pressure the company into near-bankruptcy. Mt Gox trustee Nobuaki Kobayashi, who procured the nickname “Tokyo Whale,” during the peak of his company’s extravagant bitcoin delegation,...

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