Tag Archives: Japan

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 […]

Hacked Coincheck Exchange to Accept Takeover Bid, Report Says

Hacked Coincheck Exchange to Accept Takeover Bid, Report Says

Japanese cryptocurrency exchange Coincheck, which was the victim of a major heist in early 2018, is to accept a takeover offer from online brokerage Monex Group, a news report indicates. Citing sources on Thursday, Nikkei Asian Review said that, once the deal is complete, Coincheck plans to change the management team in an attempt to rebuild investor […]

Survey: 14% of 25-30-Year-Old Japanese Male Office Workers Own Cryptocurrencies

Survey: 14% of 25-30-Year-Old Japanese Male Office Workers Own Cryptocurrencies

A study has found that 14 percent of male Japanese office workers aged 25-30 are hodling cryptocurrencies despite market trends seeing prices taking a tumble. Even though the price of bitcoin has fallen below the $7,000 mark again to $6,935, amid trade war fearsbetween China and the U.S., that doesn’t appear to be deterring some male […]