Tag Archives: Japan

SBI Ripple Asia Gets Green Light From Japanese Regulators For New App

SBI Ripple Asia Gets Green Light From Japanese Regulators For New App

SBI Holdings, a Japanese company with major banking subsidiaries including SBI Securities, SBI FXTRADE, and SBI Virtual Currencies, has received the green light from Japanese regulatory authorities to move forward with their partnership with US-based Ripple in order to launch a new joint venture called SBI Ripple Asia. The newly approved venture has been in […]

Why The First 6 Months Of 2018 Have Been Devastating For Bitcoin Exchanges In Japan

Why The First 6 Months Of 2018 Have Been Devastating For Bitcoin Exchanges In Japan

Breaking news out of Japan today comes as yet another cryptocurrency exchange is hacked, seeing around $60 million worth of Bitcoin, Bitcoin Cash and MonaCoin lifted from Zaif, a Japanese based cryptocurrency exchange. We covered this story a little earlier on so therefore won’t harp on about Zaif too much. The big issue here is […]

Hodler’s Digest, September 2-9: Goldman Sachs Says ‘No Thanks’ to Crypto Trading Desk, While India Sends Officials to ‘Crypto College’

Hodler’s Digest, September 2-9: Goldman Sachs Says ‘No Thanks’ to Crypto Trading Desk, While India Sends Officials to ‘Crypto College’

Top Stories This Week Business Insider: Goldman Sachs Scraps Crypto Trading Desk Plans Goldman Sachs Group Inc. is halting its plans to open a cryptocurrency trading desk, Business Insider reported this week, but will focus on a custody product for crypto, which will allow it to hold cryptocurrency on behalf of large clients and track its price. […]

Bitcoin May End the Year “Explosively Higher,” Says Bitcoin Bull Tom Lee

Bitcoin May End the Year “Explosively Higher,” Says Bitcoin Bull Tom Lee

Tom Lee, co-founder of Fundstrat Global Advisors and a well-known bitcoin bull, has recently argued a relatively unknown correlation between bitcoin and emerging markets may mean the flagship cryptocurrency will end the year “explosively higher.” Speaking on CNBC’s “Trading Nation,” Lee noted that both emerging markets and the cryptocurrency have been in a downtrend this year […]

Japan’s LINE Plans to Launch Crypto Exchange in July, Excludes Japanese, US Traders

Japan’s LINE Plans to Launch Crypto Exchange in July, Excludes Japanese, US Traders

Japanese social messaging app LINE will launch a cryptocurrency exchange for 30 coins next month, it revealed Thursday, June 28. In a press release, the company, which counts around 200 million monthly users, confirmed it would offer crypto-to-crypto trading platform BITBOX “globally” excluding the U.S. and Japan. “With the need to trade cryptocurrencies rising around the world, LINE has been preparing to […]

Getting Into Japanese Market Won’t Be Easy For Coinbase

Getting Into Japanese Market Won’t Be Easy For Coinbase

On June 4, Coinbase — one of the largest wallets and cryptocurrency exchanges in the US —  revealed its plans to enter the Japanese crypto market. While Japan is renowned for its rather progressive views toward crypto (it was one of the first countries to officially recognize Bitcoin, after all), entering arguably the world’s hottest crypto […]

Japanese Gov’t-Licensed Crypto Exchange Acquired By International Investor for $50 Mln

Japanese Gov’t-Licensed Crypto Exchange Acquired By International Investor for $50 Mln

Japanese crypto exchange BitTrade has been acquired for S$67 mln ($50 mln) by a Singaporean multi-millionaire and entrepreneur, Asia One reported yesterday, May 30. The acquisition will see Mr. Eric Cheng take a 100 percent stake in BitTrade Co., Ltd, one of only 16 domestic crypto exchanges to receive a license from Japan’s financial watchdog, the Financial Services Agency […]

Crypto Exchange CEO Runs For Mayor Of Taipei To Make It Asia’s ‘Pioneer Blockchain City’

Crypto Exchange CEO Runs For Mayor Of Taipei To Make It Asia’s ‘Pioneer Blockchain City’

CEO of major over-the-counter (OTC) crypto exchange OTCBTC and Facebook hackathon winner Yi-Ting Cheng (better known as xdite) has announced that she is running for mayor of the Taiwanese capital city Taipei this year, according to Cheng’s Facebook post on April 14. Cheng is known as a world class developer and hacker, having won the Global Grand Prize at […]

Cryptocurrency Exchange Kraken to Shutter Services in Japan

Cryptocurrency Exchange Kraken to Shutter Services in Japan

San Fransisco-based cryptocurrency exchange Kraken has announced it is shutting its doors for investors in Japan. According to a statement released on Tuesday, the company said it will cease to provide exchange services to Japanese residents, with a planned cutoff date for final withdrawals penciled in for the end of June. Kraken added that overseas Japanese investors […]