April 24, 2019 @ 2:08 pm By Cali Haan  |  

The Wall Street Journal has reported this week that, on the advice of “a Bitcoin evangelist,” Softbank founder Masayoshi Son invested big in Bitcoins at the height of the market, then lost $130 million when he sold his position as the coin began to crash…. Read More

April 23, 2019 @ 12:15 pm By Cali Haan  |  

The Japanese agency responsible for overseeing the country’s banking, insurance and securities sectors conducted flash on-site inspections last week at local offices of the Huobi cryptocurrency exchange and at the FISCO Virtual Currency Exchange (formerly Zaif), Reuters Japan reports. Regulators from the Financial Services Agency… Read More

April 21, 2019 @ 9:55 pm By Samantha Hurst  |  

Just a little over seven months after being hacked for an estimated ¥6.7 billion yen ($60 million), Japanese cryptocurrency exchange Zaif is reportedly set to resumed activity. As previously reported, the infamous hack occurred on Friday, September 14th, when the hackers broke into Zaif exchange… Read More

April 19, 2019 @ 7:48 am By Cali Haan  |  

The recent loss of $190 million CAD by the now-defunct Canadian cryptocurrency exchange QuadrigaCX appears to have alerted regulators across the globe to additional complexities affecting the safe storage of cryptocurrencies at relevant businesses. Quadriga has claimed it lost access to the funds following the… Read More

April 12, 2019 @ 7:33 am By Cali Haan  |  

The coordinator of Mt Gox Legal (MGL), a group of investors seeking redress following the loss of funds on now defunct early Bitcoin exchange, Mt Gox, has sent a letter to fellow investors stating that he stepping down and is selling his claim for $600… Read More

April 2, 2019 @ 10:26 am By Samantha Hurst  |  

Global cryptocurrency platform Liquid announced on Tuesday it has launched its own leveraged Bitcoin Contract-for-Difference (CFD) product, known as Liquid Infinity. According to Liquid, Liquid Infinity is a highly leveraged Bitcoin CFD that will allow traders to speculate on the price movements of Bitcoin against… Read More

April 1, 2019 @ 3:25 pm By Samantha Hurst  |  

Japanese cryptocurrency exchange Coincheck announced on Monday the launch of its new OTC trading service. According to Coindesk, the new service will be for large-scale customers and is a service that allows users to buy and sell virtual currencies at an “attractive” price. It also allows… Read More

March 30, 2019 @ 5:43 pm By Cali Haan  |  

A man who secretly mined cryptocurrencies on the computers of people visiting his websites has been acquitted by a judge in Japan, Japan Today reports. The man was arrested last year and charged with violating Japanese laws that prohibit the dissemination of computer viruses. But… Read More

March 30, 2019 @ 6:08 am By Cali Haan  |  

Prosecutors in Japan have decided not to appeal a Tokyo court’s decision to acquit disgraced former Mt Gox Bitcoin exchange CEO Mark Karpeles on charges of embezzlement, Mainichi reports. Carpeles was, however, found guilty of manipulating Mt. Gox bitcoin trade data between February and September… Read More

March 20, 2019 @ 3:19 pm By Cali Haan  |  

The Japanese government has approved proposed amendments to laws governing cryptocurrency trading that will, among other things, cap leveraged trades permitted in Japan at 2-4X, Nikkei Asian Review reports. Presently, “Certain exchanges voluntarily cap leverage at 25 times the deposit, as with the rule for… Read More

March 18, 2019 @ 10:05 am By Samantha Hurst  |  

Singel announced on Monday its Asian cross-border payment alliance, VIA, has expanded its footprint to Japan. According to Singel, NETSTARS, a Tokyo-based mobile payment technology company, will join VIA, adding its 100,000 stores to the network’s current 1.6 million merchant partners. Singel reported that users… Read More

March 16, 2019 @ 9:31 am By Cali Haan  |  

An 18-year-old young man in Japan has been turned over to prosecutors to face allegations he hacked 15 million yen ($134 ooo USD) worth of Mona cryptocurrency from a “digital currency storage website,” Japan Today reports. Police claim this is the first time charges have… Read More

March 15, 2019 @ 5:53 pm By Cali Haan  |  

The disgraced former CEO of the Mt Gox bitcoin exchange, Mark Karpeles, has defeated overwhelming odds by being found not guilty of all but one charge leveled against him by Japan prosecutors, who typically enjoy a 99% conviction rate. The charges, which, according to CNN,… Read More

March 1, 2019 @ 3:23 am By Cali Haan  |  

The Japan Times is reporting that the National Police Agency of Japan says it received 7000 reports of possible money laundering using cryptocurrencies in 2018. The represents a ten-fold jump in the number of reports submitted before December 2017, when Japan made it mandatory for cryptocurrency… Read More

February 10, 2019 @ 11:17 am By JD Alois  |  

Gox Rising Limited, a corporation incorporated in the British Virgin Islands, has scheduled a series of calls to discuss a plant to relaunch  Mt. Gox Exchange. Mt. Gox Exchange, a Bitcoin trading platform that was based in Japan, remains one of the most famous crypto… Read More

February 8, 2019 @ 8:55 am By Samantha Hurst  |  

OakNorth, a UK-based fintech startup, has successfully secured $440 million through its latest investment round, which was led by Japan’s SoftBank Group Corp.  Launched in 2015 by Rich Khosla and Joel Perlman, OakNorth claims to be Europe’s fastest-growing fintech company by assets and valuation. The company… Read More

February 6, 2019 @ 2:21 am By Cali Haan  |  

Three large banks in Japan, players in the country’s “crowded” payments market, have decided to abandon a cooperative pilot undertaken in 2017 to create a peer-to-peer remittance network, Nikkei Asian Review (NAR) reports. The three banks- Mizuho Financial Group, Sumitomo Mitsui Financial Group and Mitsubishi UFJ Financial Group– will… Read More

January 29, 2019 @ 11:27 pm By JD Alois  |  

Securitize, Coinstreet Partners, and STO Global-X, a security token exchange platform, have inked a strategic agreement to bring one-stop, end-to-end digital security offering services to the Asian market. Securitize is a compliance platform and protocol for issuing and managing digital securities on the blockchain, including… Read More

January 29, 2019 @ 12:21 pm By Cali Haan  |  

Investigators in Japan have found that 40% of 56 key economic indicators used by the government to asses the state of the economy in Japan contain errors, Nikkei Asian Review (NAR) reports. The determination has reportedly cast doubt on President Shinzo Abe’s program of “Abenomics,” which… Read More

January 21, 2019 @ 8:44 am By JD Alois  |  

Crypto Garage has accepted into the Japanese Financial Services Authority (FSA) Fintech Sandbox program. This is the first blockchain and finance project authorized by the Sandbox. The FSA announced the news in a release which was followed by a post by the parent company of… Read More