Places Japan

The cryptocurrency market has swung violently back into the red due to a series of regulatory movements from Asia, spooking skittish market participants. Bitcoin and Ethereum plummeted by almost 10% as Japanese regulators crack down on exchange action. Crypto markets are bleeding red subsequent to a Japanese financial watchdog move that saw business improvement orders […]

International financial authority Financial Action Task Force (FATF) is expected to collaborate with Japan, the second largest cryptocurrency market behind the US, to introduce unified cryptocurrency regulations in the upcoming months. Japan Concerned With Anonymous Cryptocurrencies Last month, the Japanese Financial Services Agency (FSA) encouraged leading economies in the G20 to adopt unified policies regarding […]

US-based cryptocurrency exchange Coinbase officially announced an expansion into the booming Japanese cryptocurrency market with the launch of a new Japan office. Announced on June 4, a new office in Japan will be spearheaded by Japanese fintech leader Nao Kitazawa. The new Coinbase office will provide Japanese cryptocurrency investors access to the suite of Coinbase […]

In January of 2018, Coincheck, Japan’s largest crypto exchange joined the list of exchanges compromised by a devastating hack. Cyber thieves took advantage of a flaw in their platform to steal 523 million units of NEM’s digital currency. Although Coincheck accepted responsibility for the hack and spent $435 million to compensate users, the incident was […]

The skittish cryptocurrency market has moved further into the red today as several factors, including South Korean regulatory action, test the stress tolerance levels of market participants. One of the key drivers behind recent negative price movement is the actions of the Mt Gox bankruptcy trustee Nobuaki Kobayashi, who appears to be preparing for another […]

In what can only be considered to be an excellent business decision, the IOTA Foundation has just brought on-board Fujitsu’s Dr. Rolf Werner who currently oversees the company’s activities in Germany, Austria, and Switzerland. Before his work at Fujitsu, Wener served as a board member for T-Systems Multimedia Solutions as well headed the company’s French […]

In some ways, Coincheck’s story has been just like every other crypto exchange that endured a hack, scandal, and commensurate repercussions. The list of exchanges that have been compromised at one point is sizable, and it includes Mt. Gox., Binance, Bitfinex, and others. Coincheck has good company. The story is familiar. A technical oversight allowed […]

It is no secret that Japan commands one of the largest crypto user-bases in the world today. Thus in an attempt to introduce more stability and transparency within their digital currency sector, a government-funded research group has set forth new regulatory guidelines for future ICOs. Simply referred to as the ICO Business Research Group, the […]

Deposed search engine juggernaut Yahoo appears to be making a strategic pivot toward blockchain technology with the announcement of plans to launch its cryptocurrency exchange. Nikkei Asian Review reported on Friday that Yahoo Japan would acquire a 40% stake in Tokyo-based BitARG in April. According to the report, Yahoo Japan will spend the ensuing year […]

The cryptocurrency market is currently in the midst of an apparent crisis, with Bitcoin down over 20% in the last 7 days, Ethereum down 31%, and virtually all altcoins following suit. The current bearish market sentiment has catalyzed a sell-off that has exacerbated the drop and sparked endless discussion on the root cause of this recent […]

Crypto exchanges have been in the news a lot lately, and not for the right reasons. Last week, Japanese regulators halted operations on several high-profile exchanges amid concerns about their security protocols. The move followed a severe hack on Coincheck, a Japan-based crypto exchange, that was victimized in January. In an official statement on their […]

In a concerted effort to crack down on money laundering, Japan’s Financial Services Agency (FSA) has suspended all operations for two crypto exchanges who were found to be indulging in suspicious monetary undertakings. While the ban is not permanent and applicable only for a month, it will be interesting to see how the Japanese government […]

At the Mobile World Congress in Barcelona, the CEO of Japanese electronic Rakuten, Hiroshi Mikitani, announced that his company is planning a new cryptocurrency based on their existing customer rewards points. When Rakuten purchased Bitnet in 2016, they clearly had eyes on developing blockchain tech and apps. Rakuten Coin is the fruition of their work […]

Japanese cryptocurrency exchange Zaif has recently experienced a “system glitch” that allowed traders to temporarily purchase Bitcoin for free, resulting in one user “buying” more than $20 trillion dollars worth of Bitcoin. The glitch, which occurred between 5:40 p.m. and 5:58 p.m on February 16th, was announced via a post on the exchange website and […]

Who says we can’t #PayWithCrypto? Japan’s largest electronics chain, Yamada Denki and one of the largest e-commerce platforms in South Korea, WeMakePrice, is beginning to experiment with accepting crypto as a form of payment. https://twitter.com/iamjosephyoung/status/958021750603661312 Yamada Denki Japan’s largest cryptocurrency exchange, bitFlyer, will be teaming up with Japan’s largest electronics chain to test out Bitcoin […]

Once again, a centralized exchange has problems handling its own money. Although the motives are currently unconfirmed, there seems to have been $530 million worth of NEM hacked from the user base. All withdrawals have been frozen and everyone is waiting for additional updates from Coincheck. We are currently halting deposits, withdrawals, buying and selling of NEM. […]