Tagged: japan

Revolut Acquires Licenses to Expand in Japan & Singapore

Digital bank Revolut has acquired licenses to expand in Japan and Singapore. The launch in the Asian countries comes just after the fintech reportedly is planning to raise $500 million through its upcoming Series D funding round. According to CNBC, Revolut reported it received a remittance license… Read More

Acquisition of Hacked Japanese Crypto Exchange Zaif Now Complete

The transfer of the recently hacked Japanese cryptocurrency exchange Zaif to new owners has been finalized, says a release from the new owners, FISCO. For a time, the Zaif system will operate independently of the  Fisco Cryptocurrency Exchange (FCCE), which is already operating, but will… Read More

Tokyo Police Accuse Eight Men of Running $68 Million Bitcoin Ponzi Scheme

Eight men in Tokyo have been charged by local police with running a Bitcoin Ponzi scheme that authorities say defrauded over 6000 individuals in 44 Japanese prefectures of ¥ 7.8 billion ($68.44 million), Asahi reports. The men, including Kazunari Shibata, 46, who works as an executive… Read More

Researchers Trace Zaif Crypto Exchange Hackers

Cybersecurity researchers in Japan say they have unearthed digital traces that could lead them to the hackers responsible for the September 14th theft of $60 million USD in cryptocurrencies from the licensed Japanese crypto exchange Zaif. The attack in question took place over two hours… Read More

Monex Group Publishes Earnings Report, Provides Insight into Coincheck Crypto Exchange

Financial services conglomerate Monex Group issued their quarterly earnings report today. Monex, a Japan based, publicly traded firm, owns and operates multiple Fintech platforms as well as more traditional platforms such as TradeStation in the US. In April of this year, Monex acquired Japanese crypto… Read More

Japan’s Financial Services Authority May Limit Crypto Margin Trading

Japan’s Financial Services Authority (FSA), the independent regulator of the financial services sector there, is considering imposing a limit as low as 2-1 on margin trades of cryptocurrency conducted on local exchanges, Nikkei Asian Review (NAR) reports. The move is being contemplated as a measure to… Read More

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

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