Posts in category

Japan


Tech Bureau, the firm behind the Japanese crypto exchange Zaif, has revealed a drastic new plan to compensate users after a major hack last month. Tech Bureau said in a release Wednesday that it had signed an agreement with Fisco – a publicly listed investment firm in Japan – to transfer in full the Zaif business to Fisco’s …

0 36

A senior executive of the U.S.-based crypto exchange Coinbase has said he is confident the firm will receive an operating license in Japan next year, even while regulators in the country are stepping up scrutiny of crypto exchanges. Mike Lempres, chief policy officer of Coinbase, said that the process of getting a license is “going …

0 37

This post was originally published here Japanese IT giant GMO Internet is jumping on the stablecoin bandwagon, planning the launch of a yen-pegged cryptocurrency in 2019. The company said in an announcement Tuesday that it will start full-scale preparation to issue the stablecoin, called GMO Japanese Yen (GJY), in preparation for a move into the blockchain remittance …

0 35

Japanese IT giant GMO Internet is jumping on the stablecoin bandwagon with the launch of a yen-pegged cryptocurrency in 2019. The company said in an announcement Tuesday that it will start full-scale preparation to issue the stablecoin, called GMO Japanese Yen (GJY), in preparation for a move into the blockchain remittance and settlement business. GJY will …

0 36

This post was originally published here Much noise has been made about the untraceable qualities of Bitcoin and other cryptocurrencies. Bitcoin “can be used to buy merchandise anonymously” said early primers on crypto, it offers users the kind of financial privacy that was previously available only from a “Swiss bank account,” say more recent commentators. …

0 36

MoneyTap, a consumer-focused blockchain money transfer app built by SBI Holdings and Ripple, has now gone live. Announced by Ripple in a tweet Thursday, the remittance app is the product of SBI Ripple Asia and several participating banks. A new website for the product has also been launched indicating that the app is able to make bank-to-bank …

0 36

This post was originally published here The self-regulatory Japan Virtual Currency Exchange Association (JVCEA) plans to stricten its customer asset management measures. The Japan Times outlet reported this news Sunday, September 30, citing “informed sources.” JVCEA is a self-regulatory group of some of the largest licensed exchange operators in Japan, established in April of this …

0 34

A joint venture between SBI Holdings and Ripple has moved a step closer to launching its blockchain-based payments app for consumers. SBI Ripple Asia announced Wednesday it has completed registration with the Kantou bureau of Japan’s Ministry of Finance as a licensed agent for handling electronic payments. The move clears the regulatory path for SBI Ripple Asia …

0 35

Japan’s top financial regulator is seeking answers from the operator of the Zaif cryptocurrency exchange, a situation that comes days after the trading site disclosed that it lost millions of dollars worth of crypto in a hack. Zaif, which is operated by the Japan-based firm Tech Bureau, reported last week that it lost as much …

0 34

Financial giant SBI Group has announced that it is testing a crypto token to be used for retail payments over mobile devices. The group’s investment arm, SBI Holdings, which launched Japan’s first bank-backed crypto exchange in June, said in a news release Tuesday that it is about to kick off a proof-of-concept trial of its …

0 34

After news broke yesterday of yet another hack of a cryptocurrency exchange in Japan, the country’s police authority has released figures revealing the rise in such attacks this year. According to a report from The Asahi Shimbun Thursday, the National Police Agency (NPA) has released data for the first six months of 2018 that reveal …

0 36

Yet another Japan-based cryptocurrency exchange has been hacked with a loss of total 6.7 billion yen, or $60 million worth of cryptocurrency, including 6,000 bitcoin. The exchange, called Zaif, operated by Tech Bureau and a licensed exchange in Japan, said on Thursday that the exchange first noticed unusual funds outflow on the platform around 17:00 …

0 36

LG Uplus – a South Korean cellular carrier owned by the nation’s fourth largest conglomerate, LG Corporation – is launching a blockchain-based overseas payment service. Announced Sunday, the trial effort will see the company working with partners in Japan, Taiwan and the U.S. to offer users of the three mobile services cheaper and faster payments …

0 36

The trustee of the long-defunct bitcoin exchange Mt. Gox has announced that corporate creditors can now enter claims to claw back trapped bitcoin through a recently approved rehabilitation process. Nobuaki Kobayashi, attorney-at-law and the rehabilitation trustee for Mt. Gox said in a release on Wednesday that former corporate users of the exchange will have until …

0 36

Huobi Group is to expand its trading services to Japan via an imminent deal to purchase local licensed cryptocurrency exchange BitTrade. In an announcement on Wednesday, Huobi said its wholly owned subsidiary Huobi Japan Holding Ltd has inked an agreement with Eric Cheng, the sole owner of BitTrade, to acquire a majority stake in the firm. BitTrade …

0 37

Japanese telecoms giant Softbank Corp. has completed a blockchain proof-of-concept (PoC) that allows P2P mobile payments across different carriers. Softbank said on Wednesday the technology was developed in partnership with blockchain startup TBCASoft, as well as Synchronoss, a Nasdaq-listed firm that delivered a SMS-replacement communications protocol called Rich Communication Service (RCS) in Japan. Based on …

0 37

A Japanese city government has become one of the first in the country to have tested a blockchain-based system that lets residents cast votes to select city development programs. The government of Tsukuba, a city known for its role in scientific development since the 1960s, completed the blockchain test on Aug. 28 with 119 votes …

0 38

Japan’s National Police Agency (NPA) is to fund development of new software to help track individuals behind illicit crypto transactions. According to a news report from NHK on Thursday, the NPA will budget 35 million yen ($315,000) for 2019 to fund creation of the product – outsourcing technological development of the software to the private sector. …

0 39

Japanese e-commerce giant Rakuten is planning another step into the cryptocurrency industry with the acquisition of a local bitcoin exchange. The company said in an announcement that it has inked a share transfer agreement for 100 percent of an exchange called Everybody’s Bitcoin on Friday. The acquisition appears to be costing the firm 265 million yen, …

0 42

Messaging giant LINE has become one of the first publicly traded companies to have launched a proprietary blockchain mainnet with its own cryptocurrency. Revealed in an announcement Friday, the firm said that the genesis block of its LINK Chain was produced on Aug. 23. The messaging giant now aims to gradually issue a total of 1 …

0 37