sponsored A fintech company is launching a new system of remittances that’s designed to help consumers avoid fluctuations in value when sending crypto around the world. A Japanese fintech company has unveiled a system that is designed to address the price volatility seen when cryptocurrencies are used for remittances. Atom Solutions says that, at present, […]
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The company said that tens of billions of yen in lost profits led it to the decision, which will also see it move its mining center. Japanese internet giant GMO Internet Group is quitting the Bitcoin mining hardware sector, Cointelegraph Japan reported Dec. 25 referencing a public document. Citing “extraordinary loss” in Q4 this year, […]
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Unconfirmed: hacked Japanese crypto exchange Coincheck has reportedly had its cryptocurrency exchange license approved by the country’s financial watchdog. Japan’s Financial Services Agency (FSA) has purportedly approved a cryptocurrency exchange operating license for hacked crypto exchange Coincheck. English-language Asia-focused news publication Nikkei Asian Review reported the news Dec. 19. According to Nikkei, an announcement from […]
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GMT, which describes itself as Israel’s “largest” financial player, is joining Ripple’s network, alongside names such as MoneyGram. Israel-based financial services firm GMT has joined Ripple’s bank and payment provider network, the company confirmed in a recent press release. The result of a “long and precise process,” the move reportedly will help the company remain […]
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The Japanese Financial Services Agency has assigned cryptocurrencies to the “crypto-assets” category, to prevent confusion with legal tender. The Japanese Financial Services Agency (FSA) has placed cryptocurrencies into a new legal category called “crypto-assets,” English-language local media The Japan News reports Dec. 15. By classifying cryptocurrencies like Bitcoin (BTC) this way, the government reportedly “hopes […]
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sponsored A digital assets exchange says its daily trading volume of XRP has surpassed larger rivals, including Poloniex and Bittrex. A Singapore-based digital assets exchange wants to take on larger rivals and to offer a new way of operating with users by “putting customers first from day one” and giving back to the users. It […]
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The CEO of Mt. Gox is facing ten-years in Japan for embezzlement charges, and ASIC mining rigs are struggling to make a profit. Top Stories This Week CEO of Defunct Mt. Gox Exchanges Faces Ten Year Jail Sentence Over Embezzlement Mark Karpeles, the former CEO of now-defunct Japanese Bitcoin exchange Mt. Gox, could be facing […]
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Cryptocurrency service providers will soon be required to hold a license issued by the Dutch Central Bank in the Netherlands. Cryptocurrency service providers will soon be required to obtain a license from the central bank of the Netherlands, major Dutch news outlet DeTelegraaf reports Dec. 11. The article explains that the measure has been undertaken […]
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John Bartleman, a president of Monex’s U.S. subsidiary TradeStation, has announced a crypto trading launch in the U.S. starting Q1 2019. Online broker Monex Group, known for buying hacked Japanese crypto exchange Coincheck in April, has announced it will launch cryptocurrency trading in the United States, Cointelegraph Japan reports Wednesday, Dec. 12. Monex held a […]
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Mark Karpeles has repeatedly denied criminal activity related to either the Mt. Gox hack or the alleged embezzlement of funds. The former CEO of defunct Japanese Bitcoin exchange Mt. Gox, Mark Karpeles, could spend ten years in jail over alleged embezzlement, Japanese daily news outlet Nikkei reported Dec. 12. Karpeles, who presided over the major […]
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