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Japan

Canadian Cryptocurrency Exchange Coinsquare Plots Asian Expansion

Canada-based cryptocurrency exchange Coinsquare is plotting a major expansion into Japan as it prepares to go public later this year. The exchange, headquartered in Toronto, announced this week that it had formed a partnership with DLTa21, a “global blockchain investment bank,” to launch a centralized cryptocurrency exchange in Japan. Coinsquare, which operates Canada’s third-largest cryptocurrenc...
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Binance Donates $1 Million Towards Victim Relief for West Japan Floods

Binance, the world’s largest cryptocurrency exchange, pledged $1 million for the victims of the floods in West Japan. In an official post, Binance stated: “To help out the victims in West Japan that were affected by the heavy rains on 7/7/2018, Binance is donating $1,000,000 USD and calling for our crypto friends and partners to The post Binance Donates $1 Million Towards Victim Relief for W...
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Cheap Electricity Drawing Cryptocurrency Miners to Underpopulated Areas of Japan

Lesser-known and relatively underpopulated parts of Japan are beginning to attract cryptocurrency miners, largely due to the availability of cheap electricity. This includes Fukui, a city in a prefecture bearing the same name and which has a population of slightly over 250,000. The city boasts not just low electricity prices but also affordable rent as The post Cheap Electricity Drawing Cryptocurr...
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$731 Million Stolen from Crypto Exchanges in 2018: Can Hacks be Prevented?

Blockchain security firm CipherTrace recently reported that $731 million worth of cryptocurrencies were stolen from crypto exchanges during the first half of 2018. Last year, crypto exchanges recorded around $266 million in losses from security breaches and heists. The first half of 2018 recorded triple the amount stolen from crypto exchanges in 2017, triggering investors The post $731 Million Sto...
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Japan’s Financial Regulator Considers Revising Crypto Exchange Regulation: Report

Japan’s financial regulator is reportedly considering a shakeup of its existing framework of regulating cryptocurrency exchanges to bolster customer protection norms and better secure investor assets. In April 2017, the Financial Services Agency (FSA) – Japan’s financial regulator and watchdog – enacted legislation that recognized bitcoin as a legal method of payment following a revision The...
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Tax Cuts, More Tether Controversy, and a CCN Podcast: This Week in Crypto

Make sure you check out last week’s post here, now let’s go over what happened in crypto this week. In addition to our normal weekly crypto update, we’ve gone ahead and launched a new podcast The Bitcoin Podcast by CCN. Check it out on iTunes and be sure to rate and subscribe! Price Watch: Bitcoin is up 5 The post Tax Cuts, More Tether Controversy, and a CCN Podcast: This Week in Crypt...
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Japan’s Crypto-Friendly Regulator to Leave in Summer, What Will Change?

Nobuchika Mori, Japan’s longest-serving regulator and chief of Japan’s Financial Services Agency (FSA) who is responsible for most of the crypto regulations imposed by the Japanese government, is expected to leave this summer, according to FT. Mori’s Forward-Thinking Approach For many years, with strict capital controls and money laundering policies, Japan has always been known The post Japan’s Cr...
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Messaging Giant LINE Announces New Global Crypto Exchange, Excludes U.S., Japan

Japanese messaging app LINE has announced plans to launch its cryptocurrency exchange BITBOX in July with support for 30 coins including bitcoin. In an announcement on Thursday, LINE revealed the new exchange will only allow for crypto-to-crypto trading with no exchange between fiat currency and cryptocurrencies. In an excerpt, LINE said: With the need to The post Messaging Giant LINE Announces Ne...
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