Coincheck Rolls Out Bitcoin (BTC) Payment for Gas

Tokyo-based crypto exchange Coincheck has launched a program that will allow users to pay for gas using bitcoin (BTC). Coincheck Debuts Bitcoin Rebate Promo The Japanese crypto trading giant announced the move in a press statement issued on Friday (October 4, 2019). The program is a result of a partnership between Coincheck and a couple […]

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Japan ‘Hopes’ To Be The Global Leader In Bitcoin Adoption

FINSUM 2019 kicked off today, at the Japanese capital of Tokyo. Organized by the NIKKEI INC, and Japan’s Financial Services Agency (FSA), the 3-day event is going to be a mega ‘fintech, blockchain, crypto and the future of finance’ bonanza. Yes, you read that right!  Japan’s Financial Services Agency Loves Bitcoin and Lightning Network Bitcoin […]

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Japan Police: 98.3% of Money Laundering Cases Don’t Involve Cryptocurrency

Japan’s National Police Agency (NPA) say cases of suspected money laundering reportedly linked to cryptocurrency increased by 900 percent in 2018 when compared to the previous year. However, this still comprises only 1.7 percent of all money laundering investigations. Cryptocurrency Money Laundering Up Tenfold in Japan According to The Japan Times, the NPA reports that […]

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Japanese Yen Overtakes the US Dollar in Bitcoin Trading

The Japanese Yen (JPY) has surpassed the USD in terms of worldwide bitcoin trading in the past 24 hours.  Japanese Yen Tops Dollar According to data from Coinhills, the JPY has officially overtaken the USD in terms of bitcoin trading throughout the world. A total of 490,925.45 BTC were traded against the JPY over the last […]

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Major Hong Kong Winemaker is Buying a Japanese Cryptocurrency Exchange

A major winemaker, listed on the GEM board of the Hong Kong Stock Exchange is to acquire a majority stake in a Japanese cryptocurrency trading platform. The deal is meant to “achieve a better return” to the company’s shareholders. In Search for Diversification Madison Holdings Group – a $534 million winemaking company listed on the […]

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Japan’s Internet Giant GMO Quits Mining Hardware Bussiness

GMO Internet says it will no longer develop, manufacture, and sell Bitcoin mining hardware following significant losses incurred in Q4 2018. The Japanese IT company will instead focus on its in-house mining activities following a comprehensive revenue review. GMO Internet Downsizing Bitcoin Mining Operations In a statement Dec. 25, 2018, the IT behemoth announced the shuttering […]

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Study: Asia Has More Impact on Bitcoin Price Than America and Europe

With events like SEC approval for Bitcoin ETFs and the introduction of cryptocurrency derivatives, it is easy to imagine the market being driven by news out of the United States. However, new research suggests that Asia, and not the West, is the dominant driver of Bitcoin price and cryptocurrency markets. Western Focus Might be Misleading […]

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Japan’s Biggest Bank Will Use Ripple for Cross-Border Payments to Brazil

Japan’s biggest bank MUFG and Brazil’s Banco Bradesco are to collaborate on a new cross-border payment service based on Ripple technology. Memorandum of Understanding The two banks signed a Memorandum of Understanding (MOU), agreeing to co-develop the system. Mitsubishi UFJ Financial Group is Japan’s largest banking group and recently announced it would launch its own […]

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Japan’s Financial Regulator Says Stablecoins Are Not Cryptocurrencies

The lack of uniformity in stablecoins has led Japan’s Financial Services Agency (FSA) to conclude that stablecoins are not cryptocurrency. Not All Digital Assets Are Created Equal Japan’s Financial Services Agency (FSA) recently announced that it does not believe stablecoins should be classified in the same category as cryptocurrencies. According to Japan’s Payment Services Act […]

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