Category: Japan
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Japanese Internet Giant GMO Postpones Shipments of 7nm Bitcoin Mining Equipment
Japan’s GMO Internet has postponed the shipments of its two lines of 7nm bitcoin mining rigs. A representative of the company has clarified the situation to news.Bitcoin.com, noting that some refunds have already been issued. In addition, the company is planning to relocate its mining operations. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space…
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Sompo Holdings Acquires 10% Stake in Kenyan Cryptocurrency Exchange Bitpesa
Japanese insurance group Sompo Holdings has acquired a 10 percent stake in Bitpesa, a Kenyan digital currency exchange and payments company, for 570 million yen ($5.02 million). The deal is expected to further digitize the insurer’s international remittance service. Also Read: Namibian Bitcoin Trading Platform BTN Persevered Despite Crypto Ban Crypto-Backed Remittances Sompo Holdings said in…
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GMO Internet Reports Cryptocurrency Exchange Profit Rose Over 34% in Q3 2018
GMO Internet, the Japanese technology and online finance conglomerate, presented its results for the third quarter of fiscal 2018 on Nov. 12. The presentation included new details about the performance of the Tokyo-listed group’s cryptocurrency-related businesses. Also Read: The Daily: US Museum to Accept Bitcoin, Estonia Grants License to B2BX Exchange Record Performance by Quarter…
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Tokyo Limos to Start Accepting Crypto Payments
Japan will test pilot a service to allow passengers to pay for limo rides with cryptocurrency, according to an article published Sunday by Bloomberg. Tokyo limousines to start accepting crytpocurrencies https://t.co/4tsGWPoicl — Bloomberg Crypto (@crypto) November 5, 2018 https://platform.twitter.com/widgets.js Expanding Into the Ride Business Payment company Remixpoint Inc., which also has its hands in the…
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Major Car Dealerships and Airport Limos in Japan Begin Accepting Cryptocurrencies
A regulated cryptocurrency exchange in Japan has partnered with two companies to enable cryptocurrency payments for their businesses. Hinomaru Limousine has started accepting payments in cryptocurrencies for its airport taxi service while Carchs Holdings allows crypto payments at its used car dealerships. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Airport Car Service by…
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GMO Internet Sees Huge Leap in BCH Mining for October
Japanese cryptocurrency mining company GMO Internet Group released its monthly update for October on Nov. 5. The report shows a huge increase in the amount of bitcoin cash extracted – 875 coins, from zero in September. Altogether, the company earned about $3.85 million from mining BTC and BCH during the period under review. Also Read: Pan-African…
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Coincheck Reports Deepening Losses of $5.3 Million in Third Quarter
Coincheck reported a pre-tax loss of 588 million yen (US $5.3 million) for the third quarter of 2018, the Japanese exchange’s second consecutive quarterly loss since hackers pilfered $530 million in January. That’s an increased deficit of 130 percent from the 259 million yen ($2.3 million) loss the previous quarter. Also Read: French Business School Fees…
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Japanese Regulator: Stablecoins Are Not Cryptocurrencies Under Current Law
Japan’s top financial regulator, the Financial Services Agency, has exclusively explained to news.Bitcoin.com how stablecoins are treated under current Japanese law. In addition to emphasizing that they are not virtual currencies, the regulator clarified the registration requirements for their issuers and dealers. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Not Virtual Currencies Japan’s…
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Sony Develops ‘Contactless’ Hardware Wallet for Digital Assets
Sony has announced the development of a new type of cryptocurrency hardware wallet that uses its IC card technology. The Japanese conglomerate also said that it firmly believes in the potential for the commercialization and widespread adoption of blockchain technology. Also read: Blockchain Launches Hardware Wallet Secure Digital Assets Tokyo-based Sony, a household name for decades,…
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Binance Donated BTC and ETH Worth $500,000 to Victims of West Japan Flood
Binance released a report Oct. 24, outlining its role in the aid of the victims of the 2018 West Japan floods. According to the report, the exchange donated 63.03 BTC and 169.85 ETH, the combined fiat equivalence of which exceeded $500,000 at the time of donation. The 2018 Japan Floods Japan suffered the worst flood…