Japan news

Published new draft report on ICO regulations, self-regulation, 'deemed dealers', security measures, and addressed the problem of hacking. The Financial Services agency does not consider stablecoins as cryptocurrencies based on the Payment Services Act. The FSA grants JVCEA the right to self-regulate.

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Japan’s JVCEA Reveals Bitcoin Holdings Rise Above XRP in Yen-Denominated Values

The Japan Virtual Currency Exchange Association (JVCEA) has recently revealed that the yen-denominated value of BTC holdings in domestic exchanges has outstripped the number of XRP for the first time. According to the report, this happened because of the Bitcoin bullish trend this year, which made the asset considerably more famous as its value rose […]
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Despite Massive Accumulation, Bitcoin Holdings In Japan Are Doing Better Than Ripple’s XRP

While Bitcoin may be struggling to regain its upward momentum, it seems like there are other areas of the coin’s market that could be doing just well especially in Asia. According to a report by the Japan Virtual Currency Exchange Association (JVCEA), Bitcoin holdings denominated in the Yen have increased to surpass those of XRP in Japanese exchanges.  A closer look at the market dynamic related to these holdings reveals that Bitcoin holdings surpassed XRP holdings in April 2019. Also, the start of the said surge coincided with start of Bitcoin’s upward trend in 2019, a development that saw the top coin go as high as $13,700 before declining.  Altcoins Are Taking Heat The data from JVCEA came into existence on March 2018, and it’s an association between Japan-based crypto exchanges. JVCEA is self-regulating, a status that was granted to it by Japan’s Financial Services Association (FSA) back in October 2018.  In December 2018, yen-denominated XRP in Japan had more value than its Bitcoin comparative. However, tables seem to have turned over the subsequent months. Now in 2019, yen-denominated Bitcoin holdings have more value than that of XRP.  While the Bitcoin market thrives in this way, the Altcoin market is taking a lot of heat. Altcoins haven’t had much success over the last few months despite the market leader, Bitcoin, pulling out of the crypto winter back I April. In fact, Bitcoin total market dominance has been increased, even hitting upwards of 70% over the last few days.  More XRP But Less Value The current status can be traced back to the apparent stagnation of the Altcoin market. Indeed, according to data from JVCEA, XRP accumulation has increased in 2019, but its collective value has decreased. In essence, the number of acquired XRP coins has massively increased, but its collective fiat value has gone down. The post Despite Massive Accumulation, Bitcoin Holdings In Japan Are Doing Better Than Ripple’s XRP appeared first on ZyCrypto.
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Brave Browser Emerges as the Number #1, Beating Firefox, Opera, and Chrome in Japan

The budding privacy-focused Brave Browser with its own native cryptocurrency Basic Attention Token (BAT) has become widely popular in Japan. According to a Reddit post, the Android version of Brave browser has claimed the first spot in Japan, up 11 points. Moreover, the Redditor also stated that it is enjoying 2 million monthly downloads now. […]
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DIGEST

Own coins by JPMorgan and Mizuho Financial Group, concerns about the crypto adoption, Solidus Labs to beat crypto manipulation, Bitmain's novelty, yen as the most traded currency for BTC, Visa and Mastercard taxes update, Craig Wright's surprise and MEW crypto-to-fiat swap without KYC

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DIGEST

Updates on Shift Card, Bank of Lithuania and ETF rules in Indonesia, police to tackle some crimes in Canada India and Turkey, IIT Bombay to join Ripple's UBRI, UAE waste permit portal on blockchain, Germany's interest and Spain's skepticism, Oracle for Czech SDK.finance

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DIGEST

Vlad Nistor is arrested, Switzerland to relax laws, Iran affirms blockchain can help, France rejects tax changes, Russia allows to invest in ICOs, Italy suspends two crypto companies, Hong Kong considers stricter laws, Abkhazia requests mining regulations, Japan publishes a new crypto regulation draft, Russian lawyers to help the crypto industry, France blacklists four crypto websites, Bahrain issues a crypto regulation draft, Russian will not amend its crypto bill

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DIGEST

India thinks whether to ban or not BTC, Upbit states the importance of crypto regulation, Dutch central bank to regulate crypto companies, Spain is preparing a draft regulation bill, South Korea convenes for debate with seven crypto exchanges, Chile declares that crypto regulation is in progress & other news on regulation

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DIGEST

HKEX plans to create a blockchain platform, Taiwan implements new amendments to AML and CFT laws, SEC ceased over dozen illegal ICOs, RFB demands monthly reports from crypto exchanges, Petro recognized as a legal tender, crypto industry to regulate itself in Japan, HSBC and RIL settle India’s first LoC transaction on blockchain, ASB settles New Zealand’s first export deal using blockchain

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DIGEST

Tether destroyed 500 million USDT, Swissquote allows ICO participation, Coinbase added its first stablecoin, IDEX to block NY users, Vertex Ventures invests in Binance, the biggest crypto theft in Australia, Sony creates contactless hardware wallet, Japanese crypto exchanges got a self-regulatory status, Bitcoin Futures still lack volume — in this weekly news

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DIGEST

Russia edits its draft law on cryptos, Japanese crypto exchanges gain power to self-regulate, Albania plans for regulatory framework, FATF to come up with its first set of crypto rules, CGL partners with National Bank of Canada and Skuchain, China plans implementation of new rules, SEC confirms the launch of FinHub, owner of Unocoin arrested for operating BTC ATM

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Token Swap: Tether Announces Token Burn Of Over 400 Million USDT

Tether has shared a piece of information about a forthcoming token burn which according to announcement would take place shortly. According to a tweet from their official Twitter handle, Tether plans to shortly move 400 million Tether USDt as part of its Omni authorized but not issue pool to the issuance address in order to burn/revoke them. Tether will shortly move 400m Tether USDt as part of its Omni authorized but not issue pool to the issuance address in order to burn/revoke them. — Tether (@Tether_to) September 16, 2019 Tether Minted 300 million USDT Few Days Ago Few days ago, Tether took to Twitter to inform its users that it was coordinating with a third party to perform a chain swap. This was planned in order to convert some tokens from their original Omni to an Erc 20 protocol. At the time of the initial announcement, 300 million Tether USDt was announced to have been minted for the swap. However, these conversions took place few days ago as Tether promised the token swap wouldn’t disrupt the total supply. In few hours Tether will coordinate with a 3rd party to perform a chain swap (conversion from Omni to ERC20 protocol) for 300M USDt. Tether total supply will not change during this process. — Tether (@Tether_to) September 12, 2019 Whale Alert, a twitter account dedicated to alerting the community of big cryptocurrency transactions, noted the coinage described above in a tweet published on Sept. 12. As per a second tweet submitted as an answer to the first one, Whale Alert offered an explanation of the type of transaction: “This USDT mint is part of a swap. The corresponding burn on Omni has not taken place yet.” And finally, Tether is burning the Omni Tether that was already converted to ERC20. Until now, no token burn has taken place on Omni blockchain. In July, it was reported that Tether accidentally minted and burned 5 million USDT tokens. However, Tether long-standing controversy about issues relating to transparency and market manipulation. The post Token Swap: Tether Announces Token Burn Of Over 400 Million USDT appeared first on Coingape.
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Zero-Knowledge Proof Solution from QEDIT Implemented Into Kaleido Blockchain For Transaction Privacy

Kaleido, a startup blockchain solution from ConsenSys Venture Studio has gone on record to become the first blockchain platform to implement the zero-knowledge proof solution from QEDIT—the crypto private company. A Non-compulsory Feature On September 13th, 2019 QEDIT shared a paress released with Cointelegraph where it stated that the partnership it had developed with Kaleido […]
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Cryptocurrency Exchange OKEx Korea Removes Privacy Altcoins

According to an official announcement made by the South Korean branch of OKEx, the popular exchange will delist five privacy coins as early as October 10, 2019. Complications for Privacy Coins Trading of Monero (XMR), Dash (DASH), ZCash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) on OKEx Korea will be suspended on October 10, 2019,Read MoreRead More. The post by Edoardo Vecchio appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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