Tag Archives: japan

Japan’s Financial Watchdog Might Approve Cryptocurrency ETFs After Saying No to Futures

The Financial Services Agency of Japan is considering approving exchange-traded funds which track digital assets, Bloomberg reports. According to sources who confided in Bloomberg, the financial regulator is at the moment gauging sector interest in exchange-traded funds tracking cryptocurrencies. This comes less than a month since the financial watchdog put aside plans for cryptocurrency futures. Consequently, the regulator… Read More »

Hodler’s Digest, Dec. 31 – Jan. 6: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week Georgia State Senator Reports to Jail Over Alleged Theft of Crypto Mining Equipment Republican state senator of Georgia has reported to jail in the United States for allegedly lying about the theft of cryptocurrency mining equipment worth around $300,000. State senator Michael Williams had disclosed the theft in May, and is reporting to jail… Read More »

5 Japanese Crypto Exchanges Join the Country’s Self Regulatory Association

News reaching Ethereum World News indicate that the Japanese self regulatory organization known as The Japan Virtual Currency Exchange Association (JVCEA) has welcomed five new cryptocurrency exchanges into their ranks. The entry of these 5 crypto exchanges is unique in the sense that up until now, members of JVCEA were regulated crypto exchanges. The new members have not… Read More »

Five More Exchanges Join Japan’s Self-Regulatory Crypto Exchange Association

Five more cryptocurrency exchanges have joined the Japan Virtual Currency Exchange Association (JVCEA), according to an official announcement on Jan. 4 from the JVCEA. The JVCEA is a self-regulatory body formed in April by 16 registered crypto exchanges that aims to create industry-wide investor safety standards. In October, Japan’s financial regulator formally granted self-regulatory status to the JVCEA… Read More »

Japan’s Mizuho Bank To Launch its Own Stablecoin By March, 2019

One of Japan’s ‘Megabank’, Mizuho Bank, has plans of launching its own cryptocurrency by March of this year. The digital asset will be pegged to the Japanese Yen thus joining the stablecoin category of cryptocurrencies. The value of one unit of the stablecoin will be fixed at 1 Yen. According to The Block and Nikkei Asian Review, the… Read More »

Japanese Internet Giants Shutter Crypto Mining Operations

As Bitcoin and crypto prices continue to fall profitability from mining using certain types of hardware inevitably follows suit. Japan has a number of high profile corporations heavily invested in mining operations and it looks like they are about to pull the plug.Closure of Crypto Mining Hardware Production and FarmsAccording to reports in local media, Japan’s online retail… Read More »

From Dorian Nakamoto to Elon Musk: The Incomplete List of People Speculated to Be Satoshi Nakamoto

Ten years ago, on Jan. 3, 2009, the Bitcoin (BTC) network was created as Satoshi Nakamoto mined the genesis block, also known as block number zero. However, the identity behind the Bitcoin creator has remained one of the biggest mysteries in the crypto community since the original white paper was published by Satoshi in October 2008. Various journalistic… Read More »

Japan: E-commerce Giant DMM Shutters Crypto Mining Business Due to Declining Profitability

Japanese e-commerce conglomerate DMM.com Ltd. will shut down its crypto mining business, citing deteriorating profitability as the main cause. Local business magazine Toyo Keizai reported the shutdown on Dec. 30. The decision was reportedly taken in September 2018, and initial steps to dismantle mining operations — including selling the company’s mining hardware — will reportedly extend over the… Read More »

Japan’s DMM Exiting Crypto Mining Business

Japanese e-commerce giant DMM.com is reportedly exiting the cryptocurrency mining business due to “deteriorating profitability,” local media reported. This news follows an announcement by another major Japanese company, GMO Internet, that it will no longer manufacture and sell mining machines, citing similar reasons. Out of the Mining Business Japanese entertainment and e-commerce giant DMM.com Inc. is reportedly exiting… Read More »

Hodler’s Digest, Dec. 24–30: Top Stories, Price Movements, Quotes and FUD of the Week

  Top Stories This Week Nvidia Faces Class Action Lawsuit Over Losses After Lower GPU Mining Demand Graphics processing unit (GPU) producer Nvidia is currently facing a class action lawsuit over losses that the company reported when lower crypto prices lowered demand for GPUs by miners. The Schall law firm announced the lawsuit this week, with the complaint… Read More »