Tagged: japan

Hacked Japanese Crypto Exchange Zaif Acquired, Says it Will Compensate Users Though No Date Set

Japanese cryptocurrency exchange Zaif has announced that its acquisition by “investment support services” firm FISCO has been finalized and says it will compensate users affected by a $60 million dollar hack that occurred September 14th: “On 10 October, the Company concluded the business of our virtual currency… Read More

Full Streamr Ahead: Daisy AI & CRYPTICS Added to Global Network

Streamr, an open-source, real-time data platform just selected as one of PwC’s Crypto Valley’s Top 50 Projects, continues to expand its network with a new partnership with Japan-based Daisy AI, an AI platform focused on using blockchain for deep learning. Daisy AI will use Streamr… Read More

Owner of Hacked Japanese Crypto Exchange Zaif Suspends New Registrations, Say Acquisition Still on Table

Tech Bureau, owner of the Japanese cryptocurrency exchange Zaif, which was recently hacked for more than $60 million USD, says that although it is suspending new account registrations at the exchange, negotiations for the company’s acquisition by FISCO are still underway. According to a release… Read More

Japan Self Regulatory Group to Advise Limits on Online Crypto Storage by Exchanges after Second Large Hack

A self-regulatory group created to sustain Japan’s cryptocurrency sector is tightening rules on how much cryptocurrency exchanges are allowed to store in “hot wallets” connected directly to the Internet, Japan Times reports. The change is being advised about two weeks after hackers stole $60 million… Read More

Google to Allow Regulated Crypto Services to Advertise in US and Japan

Google UK

Google will reduce the extent of its ban on cryptocurrency ads this October by allowing regulated crypto exchanges to advertise on the platform to US and Japanese audiences only, CNBC reports. In the spring and early summer of this year, Google, Facebook, Twitter and SnapChat… Read More

Mt. Gox Trustees Liquidate BTC and BCH Totaling $230M as Part of Settlement Process

Mt. Gox, the infamous cryptocurrency exchange (really a Bitcoin exchange) that went bankrupt in 2014 due to mismanagement and theft, is getting closer to settling at least some of the claims that stand against it. Today, the bankruptcy trustee published a document indicating BTC 24,658.00762 and BCH … Read More

Zaif Crypto Exchange Given Two Days to Explain $60 Million Hack to Japan Regulators

A local division of Japan’s Finance Ministry has given the company Tech Bureau two days to explain the causes of and company response to a $60 million hack on the Zaif crypocurrency exchange that took place last weekend. On Friday September 14th, hackers spent two… Read More

Action in Japan After $60 Million Zaif Crypto Exchange Hack

Zaif Coin

The Japanese Financial Services Agency (FSA) and a crypto industry self-regulatory body have both taken action following last week’s $60 million hack on licensed Japanese cryptocurrency exchange Zaif, Cointelegraph reports. The hack, which has been publicly acknowledged by the company, took place over two hours on Friday,… Read More

Japan Crypto Exchange Zaif Hacked for $60 Million

A licensed crypto exchange in Japan has been hacked for an estimated 6.7 billion yen ($60 million USD), two-thirds of which belonged to customers, Nikkei Asian Review reports. The exchange, Zaif, which is licensed in Japan, reportedly did not discover the hack for three days. Three… Read More

Ripple Update: National Commercial Bank of Saudi Arabia Has Joined RippleNet; Currency Exchange Also Moves into Japan

On Thursday, Ripple announced the National Commerical Bank (NCB) of Saudi Arabia has joined RippleNet. According to Ripple, NCB was the first bank established in the country and, as of today, it is one of the largest financial institutions in the Middle East with more than… Read More

Crypto Wallet Hardware Company CoolBitX Partners with Litecoin Foundation, Receives $13 Million in Funding

CoolBit X wallet

Crypto wallet CoolBitX has announced a new partnership with the Litecoin Foundation. At the same time, CoolBitX is kicking off its global launch of its CoolWallet S hardware in the US. CoolBitX envisions a future where retail consumers use their crypto wallet hardware and the… Read More

LendInvest’s Total Lending Capital Hits £1 Billion as Fintech Raises £150 Million in Residential Development Funding in New JV

LendInvest, a leading online property finance platform, reports it has secured £150 million of “initial funding” in a new joint venture with Nomura, a global investment bank,  and Magnetar, an alternative investment manager. This new capital infusion now places LendInvest’s total capital for lending at… Read More

Sakura Bloom Coin Creator NEGTEC Launches Donation Site Dream Kicker for Stem Cell Devices

NEGTEC, the creator of the Sakura Bloom project and issuers of the Sakura Bloom Coin (SKB), has announced the launch of a donation site “Dream-Kicker.” The new site will use SKB to help promote “the introduction of cutting-edge regenerative medicine and medical equipment to hospitals,”… Read More

Japanese Social Media Brand LINE Debuts First Digital Token & Blockchain Network

Japanese social media network LINE announced on Friday the launch of its first digital token, LINK, and its first blockchain network, LINK Chain. According to LINE, both token and network were built independently by the social platform and LINK Chain is described as a service-oriented blockchain… Read More

As 13 Crypto Exchange Companies Leave, 160 Seek to Set up Shop in Japan, Regulator Says

Japan’s banking, securities and insurance regulator, the Financial Services Agency (FSA), has told Bitcoin.com that around 160 companies have applied to open cryptocurrency exchanges in the country: “Including preliminary consultation/inquiries regarding registration, around 160 operators are expressing their intention of market entry.” The applications appear to… Read More

Report: Toshihide Endo, Head of the Japan Financial Services Agency, Wants Crypto to Grow

Buried within a report from Bloomberg this week was an interesting statement from Japan. Speaking with the relatively new Commissioner of the Japanese Financial Services Agency, Toshihide Endo, the public official shared his thoughts on cryptocurrency and Japan. Japan became a haven of sorts for… Read More

Inspection of Japan Crypto Exchanges Reveals Loose Business Practices

Onsite inspections of 16 licensed cryptocurrency exchanges and 7 with licenses pending in Japan has revealed generally loose business practices and controls, according to a report released last Friday by the Japanese Financial Services Agency (FSA). The inspections were conducted by the FSA in cooperation with… Read More

Financial Services Agency in Japan Updating Crypto Laws to Reflect Speculation

Relatively loose Japanese laws designed to facilitate the use of cryptocurrencies at the retail level will soon be revised to reflect their actual use as speculative investments, Japan Times reports. Initial laws enshrined in April 2017 made Japan was one of the first powerhouse economies… Read More

Japanese Bank Argues US Courts Have No Jurisdiction in Mt Gox Crypto Fraud Case

A Japanese bank that allegedly allowed notorious failing cryptocurrency exchange Mt Gox to continue accepting deposits while simultaneously freezing withdrawals is once again appealing a ruling that allowed a class action suit to proceed against the bank in the US, Finance Feeds reports. The bank,… Read More

Japan: Enterprise Software Company Infoteria Partners with Fast Blockchain Zilliqa

Infoteria Corporation, an enterprise software company in Japan (Listed on TSE Sec.1: 3853) and Zilliqa have formed a partnership with Infoteria will enable corporate use of the fast blockchain. Zilliqa is one of a handful of companies seeking to address current shortcomings in distributed ledger… Read More

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