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Hackers Steal USD 32M in Crypto from BITpoint Japan
12.7.2019
Source: iStock/Ali Kerem Yücel
On July 11, hackers stole JPY 3.5 billion (USD 32 million) from the Japanese cryptocurrency exchange BITpoint, its parent company Remixpoint confirmed today, adding that victims of the hack will be compensated.
The exchange stopped all its services earlier today...
110 Crypto Exchanges Are Reportedly Trying to Get Licensed in Japan
11.7.2019
In 2019 the Financial Services Agency has approved 3 new exchanges, following a year without any new openings
How 10 Countries Respond to Facebook’s Libra Cryptocurrency
11.7.2019
A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank...
110 Cryptocurrency Exchanges Want to Launch in Japan – A Look at Recent Changes
9.7.2019
Following G20 meetings, where Japan led several discussions regarding crypto assets, the country’s top financial regulator told news.Bitcoin.com that 110 crypto exchanges are now interested in launching in Japan. The country recently passed a new cryptocurrency bill, and some approved crypto...
Report: Fortress Offers to Buy Mt. Gox Bitcoin Claims at $900 a Piece
9.7.2019
Fortress Investment Group is reportedly buying Mt. Gox creditors’ bitcoin claims at $900 each
Japan’s Central Bank Rules Out Issuing Cryptocurrency, Say Would Mean Dropping Cash
6.7.2019
Japan’s central bank, Bank of Japan has put the question of launching cryptocurrencies to rest. A bank official stated on Friday that issuing a central bank cryptocurrency would require the county to end cash totally, which at this stage isn’t feasible. Deputy Governor of the Bank...
‘Don’t Worry We Can Just Print More Money’ – Swedish Central Bank Ponders -1.5% Interest Rate
6.7.2019
At a press conference on Wednesday, the head of the Swedish Central Bank admitted that interest rates could potentially go as low as -1.5%, and quipped that Swedes likely wouldn’t even protest. Other countries implementing negative interest rate policies are producing lukewarm results that...
Bank of Japan: Adopting Central Bank Crypto Would Mean Dropping Cash
5.7.2019
A Bank of Japan official has ruled out the launch of a central bank digital currency because to do so would require the country to abandon cash
Bank of Japan: Cash Prevents Digital Currencies With Negative Interest
5.7.2019
Bank of Japan says digital currencies can’t be issued by banks hoping to push through a negative interest rate agenda
Fujitsu Unveils Blockchain-Based Identity and Credential Rating Service
4.7.2019
Fujitsu has unveiled a blockchain-based solution designed to improve trust in online transactions by using history and ratings to assign users a trustworthiness score
Japan's Crypto Exchange Association Just Lost Influential Boss
4.7.2019
Yoshitaka Kitao. The CEO of Japan’s SBI Group, Yoshitaka Kitao, has stepped aside as the head of the self-governing Japan Virtual Currency Exchange Association (JVCEA) just over two weeks after he was re-elected to the role.
Kitao is one of the most influential figures on the Japanese...
Gram Asia to Sell Gram Tokens at Three Times ICO Price
3.7.2019
The largest Asian holder of Telegram’s Gram token will sell some of them for three times the ICO price on July 10
Economist Joseph Stiglitz: Only a Fool Would Trust Facebook’s Libra
3.7.2019
“Every currency is based on trust, but only a fool would trust Facebook’s Libra” noted Nobel laureate in economics Joseph Stiglitz
Now Japanese Regulators Are Getting Anxious About Facebook’s Cryptocurrency
3.7.2019
Japan's central bank has joined the regulators worldwide expressing concerns over the potential risks posed by Facebook's Libra cryptocurrency
Modi Discussed Crypto Standards at G20 Summit – A Look at How They Apply to India
3.7.2019
India’s Prime Minister Narendra Modi participated in discussions on crypto assets at the G20 leaders’ summit in Osaka, Japan. At the conclusion of the summit, the leaders of the G20 countries jointly declared their commitment to applying the crypto standards set by the Financial Action...
BitFlyer to Resume Opening New Accounts After One Year Voluntary Suspension
2.7.2019
BitFlyer suspended its exchange service after an inquiry from Japan's Financial Services Agency
G20 Leaders Reaffirm Position on Cryptocurrencies in Statement
1.7.2019
Following the G20 Summit in Osaka, global leaders reaffirmed their position on cryptocurrencies in a joint statement
Tech Material Export To South Korea To Be Curbed By Japan Due To World War Two Dispute
1.7.2019
Technology is one of the biggest industries in South Korea and over the years, the country has imported key components from Japan. However, it has now emerged that a dispute between the two countries with regards to a labor law dating back to the Second World War could result in Japan curbing...
G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments
1.7.2019
The G20 leaders jointly issued a declaration on crypto assets at the end of their summit in Osaka, Japan. They declared their commitments, reaffirmed that crypto assets do not pose a threat to global financial stability, and requested further work done by standard-setting bodies. Also read:...
V20 Summit Concludes With Promises for Crypto Industry
30.6.2019
As the G20 leaders’ summit came to a close, the nearby V20 summit concluded with a set of promises for the crypto industry in response to the global crypto standards set by the Financial Action Task Force. A group of national crypto associations aims to engage with government agencies...