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 2nd-Largest Utility Trials Blockchain for Renewable Energy Credits

Japan’s 2nd-Largest Utility Trials Blockchain for Renewable Energy Credits The second-largest power utility in Japan is extending its trial of a blockchain-powered system for transacting renewable energy credits. According to a press release shared with Cointelegraph on Dec. 9, the Kansai Electric Power Co Inc (KEPCO) is extending its trial of a blockchain-enabled renewable energy […] Cet article Japan’s 2nd-Largest Utility Trials Blockchain for Renewable Energy Credits est apparu en premier sur Bitcoin Central.
Bitcoin Central

XRP and Bitcoin Make Up 85% Of Exchange Holding In Japan – Big Surge Imminent?

Japan, has been a major factor, for Asian dominance in the cryptocurrency world. Cryptocurrency in Japan seems to have evolved massively and the country looks set to overcome all the negatives of digital currencies to utilize the many great qualities of cryptocurrencies. Japan’s acceptance of cryptocurrency, has led to 21 crypto exchanges being registered and fully functioning in the country, serving the crypto needs of investors. These exchanges, however, have been argued to be less safe as compared to crypto exchanges in other continents but still don’t take away the fact that Japan is ‘Knee-deep’ in bed with cryptocurrency and thus partnership can only get better with time. According to experts and reports, Japan is still lacking behind in terms of crypto adoption, despite its influence on the crypto market. A survey this year proved that just 33% of the country’s 127 million population is receptive to cryptocurrency. A recent report has now added to the long-standing notion, which depicted the data of monthly holdings on Japanese crypto exchanges since December last year. The report of the survey, which was made public by crypto pioneer and expert, Nic Carter on social media, showed that Japanese crypto exchanges hold almost $1.2 billion worth of assets in Bitcoin alone, making up for about 55% of the entire holdings.  Even though Bitcoin is still the biggest and most preferred coin in the crypto market, this number is off the charts, when compared to assets holding by crypto exchanges in the U.S. For example, during last year, Ethereum alone, constituted 20% of assets holdings in exchanges in the U.S. This was still in a market dominated by Bitcoin, with fierce rival from XRP, Tron, Litecoin, Bitcoin Cash and a host of other digital coins. A post on twitter by Nic Carter also highlighted the inconsistency in the number of reported users and actual active users on these Japanese crypto exchanges. Almost 1.1 million user accounts were found to be void, without any action or transaction history. From the figures in the survey, it can be argued that there are only 2 million Japanese on cryptocurrency exchanges in Japan. With a population of 127 million, this figure only made up 1.5%. XRP, followed Bitcoin, with a 30% holding and a 68% dominance among altcoins in holding. The survey also revealed that the amount of Bitcoin and BCH holdings dropped in the first and second quarter of the year, but recovered during mid-July. Litecoin saw an increase in trading during its halving event, whiles other coins such as Ethereum and Mona, saw greens in trading but still didn’t constitute any significant percentage of holdings. Japan may be a world force in terms of trading and a powerhouse in the crypto industry. However, the ratio of its general population to that of cryptocurrency users and investors will still bring the rate of mass adoption in the country to question. The post XRP and Bitcoin Make Up 85% Of Exchange Holding In Japan – Big Surge Imminent? appeared first on ZyCrypto.
ZyCrypto

Securitize Increases Ties to Japan through First Acquisition

Japan is Calling Over the past few months, we have seen an increase in activity surrounding digital securities, within the island nation of Japan.  One company which has found themselves at the center of these developments, on multiple occasions, is none other than Securitize. Securitize to Expand within Japan after Recent Investment Securitize has continued along their path into the country with another recent acquisition of a small company, known as BUIDL. Details of the Acquisition For the time being, details on the acquisition are scarce.  Securitize has not divulged the amount of money this move required, nor the amount of equity they acquired. What is clear, however, is that companies are showing an increased interest in Japan, since steps were recently taken to clarify the framework surrounding the digital securities sector. Japan Tightens up STO Framework The Japan Security Token Offering Association What do they offer? What is known is that BUIDL is a blockchain tech provider, in addition to being a consultation firm.  The company’s marquee product is known as ‘Shiedl’, and operates as a blockchain based network analysis and compliance tool. Securitize indicates that this move is about helping more than just themselves, but the industry as a whole.  In the hands of Securitize, and the influence they hold on the industry, BUIDL has the ability to greatly help grow digital securities within Japan. Commentary With this acquisition marking an important step taken into Japanese markets, Securitize CEO, Carlos Domingo, took the time the comment.  He stated, “By acquiring BUIDL, a proven security token leader and blockchain innovator in Japan, Securitize is immediately better positioned to help develop the institutional-grade security token industry in Japan, Asia and beyond.” BUIDL Operating out of Tokyo, Japan, BUIDL was founded in 2018.  Above all, the company specializes as a blockchain consulting firm with a focus on developing real world application for the technology. CEO, Jun Hasegawa, currently oversees company operations. Securitize Based in the United Stated, Securitize is an issuance platform which was founded in 2017.  In the time since, the company has established themselves as a leader within the sector.  This was achieved through ,not only the development of their own platform, but through strategic collaborations and acquisitions, such as the one discussed here today. CEO, Carlos Domingo, currently oversees company operations. In Other News Securitize is not the only company attempting to develop the digital securities sector within Japan.  We recently reported on a nearly 100 year old investment firm, Tokai Tokyo, and their foray into the industry. Tokai Tokyo Financial Holdings to Bring Digital Securities to Japan The post Securitize Increases Ties to Japan through First Acquisition appeared first on Securities.io.
Securities.io

Bitcoin [BTC] and XRP Account for 85% of Exchange Holdings in Japan: Report

Nic Carter, a Partner Castle Island Ventures and co-founder of Coinmetrics.io, brought into light a report of cryptocurrency holdings of Japanese Exchanges. The report presents the monthly holdings data on Japanese crypto exchanges since December 2018. The number of reported users vs. active users has a discrepancy of about 1.1 million. He tweeted, update: apparently theres 3.1m accounts but only 1.96m of them are ‘active accounts’ = i.e. active in the last 30d or have a balance Hence, one can estimate from the survey that there are roughly about 2 million Japanese users on crypto exchanges (only about 1.5% of the total population). It includes only six cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, Litecoin, XRP, and Mona. Nic Carter’s Assessment of SRO Report on Japanese Exchanges (Source: Twitter) The Japanese Exchanges hold around $1.2 billion worth assets in Bitcoin [BTC]. BTC accounts for about 55% of the entire holdings. About one more billion dollars are held in altcoins. XRP lead the investment with about 68% dominance among altcoins and 30% in total. Nic Carter, tweets, “Japanese traders love them some XRP” But he also added, “Finna (gonna) learn Japanese so I can dunk on the Japanese XRP army” Cryptocurrency Exchange Holdings Monthly Report (Source) The monthly data of cryptocurrencies also reveal that the Japanese traders were sellers until July from the beginning of the year. The amount of Bitcoin and BCH holdings decreased during Q1 and Q2. Nevertheless, it picked up its pace in July. A considerable increase in Litecoin trading is witnessed during the Litecoin halving. Moreover, Ethereum, XRP, and Mona have been a continuous rise. The preliminary report suggests and there is a long way to go for Japan until mass crypto adoption. However, interestingly enough the defamed Japanese Exchange Mt. Gox lost about 650,000, from 850,000 Bitcoins after it’s hack in 2014. It was the largest crypto exchange of the time. It was a huge wake-up call for adopting personal custody in the country and elsewhere. The OTC (Over-the-Counter) market data is not included in the report as well. Hence, the actual number of users might be greater than the 1.5% of the population estimated on the cryptocurrency exchanges. Nevertheless, it still considerably low for mass adoption. Do you think that this will eliminate the Japanese rhetoric of mass cryptocurrency adoption? Please share your views with us.  The post Bitcoin [BTC] and XRP Account for 85% of Exchange Holdings in Japan: Report appeared first on Coingape.
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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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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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Price Analysis 09/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, XTZ

Price Analysis 09/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, XTZ China could start its pilot for the central bank digital currency (CBDC) before the end of this year, according to local news outlet Caijing. The article states that the anticipated pilot project “will go out of the central bank system and enter […] Cet article Price Analysis 09/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, XTZ est apparu en premier sur Bitcoin Central.
Bitcoin Central

EOS Price Hit after Getting a C- in Decentralization by Weiss

Blockchain project EOS started this week on a negative note after an independent agency downgraded its rating from B to C-. Weiss Crypto Ratings published a report on December 6 wherein it demoted EOS to lower ranks over its centralization. The agency noted that just 0.01 percent of the EOS token holders control over 68 percent of the voting power on its blockchain. That allows a handful of entities to practice censorship over hundreds of thousands of EOS investors. In comparison, provable decentralized projects like Bitcoin works across 9,300 nodes to confirm and validate transactions atop its blockchain. 1/6 We’ve had great respect for work and thinking that went into the #EOS project. But the Weiss Crypto Ratings model is not based on opinion. It’s driven by data. And that data has now caused a downgrade from B to C-. Here's why (full article to be published soon): — Weiss Crypto Ratings (@WeissCrypto) December 6, 2019 EOS spent a quiet weekend but its value eventually took a toll during the Monday session. The EOS-to-dollar exchange rate was down by $0.083, or 3.02 percent, as of 1658 UTC. Against bitcoin, the cryptocurrency did relatively better, falling about 1.64 percent to trade at 359 sats. The market capitalization likewise took a plunge roughly worth $500 million to settle a low at $2.534 billion. At its December peak, it was $2.613 billion. Ascending Channel The latest move downside brought EOS close to retesting the support of an Ascending Channel. While the lower trendline certainly capped the price from falling further downward, the negative sentiment arising from the Weiss report could weaken it in the near-term. The bearish case prompts EOS to retest to close below the Channel Support and target 304-342 sats area as an accumulation range. In the event of a breakdown, traders could extend their short position towards 284 sats while keeping a stop loss above the level at which they had entered the trade. EOS is trending inside an ascending channel | Source: TradingView.com, Coinbase On the other hand, the price has not failed to reach the upper levels so far. A pullback action from Channel support could push EOS back towards the Channel resistance. Traders with low-risk appetite could use the bounce-back as an opportunity to open a fresh long position 405 sats. Meanwhile, they could minimize risks by maintaining a stop-loss order just below the Channel support. A Consideration From a fundamental point of view, investors who were bullish on EOS might find it hard to digest its centralization issues. The sentiment could prompt some to switch their positions for tokens with more attractive opportunities. Such a scenario could suit the breakdown scenario as discussed above. Meanwhile, traders can look to accumulate EOS ahead of the launch of Voice. EOS creator Block.One on Thursday announced that it would launch the EOS-based social media platform on February 14. While the announcement did not help neutralize trading sentiments immediately, traders can still speculate on the Voice launch to make interim profits. One could watch out for a reversal from Channel resistance – a sign that traders are processing the Voice news – and place his/her upside positions. EOS Price Hit after Getting a C- in Decentralization by Weiss was last modified: December 9th, 2019 by Yashu GolaThe post EOS Price Hit after Getting a C- in Decentralization by Weiss appeared first on NewsBTC.
NewsBTC

EOS Price Hit after Getting a C- in Decentralization by Weiss

Blockchain project EOS started this week on a negative note after an independent agency downgraded its rating from B to C-. Weiss Crypto Ratings published a report on December 6 wherein it demoted EOS to lower ranks over its centralization. The agency noted that just 0.01 percent of the EOS token holders control over 68 percent of the voting power on its blockchain. That allows a handful of entities to practice censorship over hundreds of thousands of EOS investors. In comparison, provable decentralized projects like Bitcoin works across 9,300 nodes to confirm and validate transactions atop its blockchain. 1/6 We’ve had great respect for work and thinking that went into the #EOS project. But the Weiss Crypto Ratings model is not based on opinion. It’s driven by data. And that data has now caused a downgrade from B to C-. Here's why (full article to be published soon): — Weiss Crypto Ratings (@WeissCrypto) December 6, 2019 EOS spent a quiet weekend but its value eventually took a toll during the Monday session. The EOS-to-dollar exchange rate was down by $0.083, or 3.02 percent, as of 1658 UTC. Against bitcoin, the cryptocurrency did relatively better, falling about 1.64 percent to trade at 359 sats. The market capitalization likewise took a plunge roughly worth $500 million to settle a low at $2.534 billion. At its December peak, it was $2.613 billion. Ascending Channel The latest move downside brought EOS close to retesting the support of an Ascending Channel. While the lower trendline certainly capped the price from falling further downward, the negative sentiment arising from the Weiss report could weaken it in the near-term. The bearish case prompts EOS to retest to close below the Channel Support and target 304-342 sats area as an accumulation range. In the event of a breakdown, traders could extend their short position towards 284 sats while keeping a stop loss above the level at which they had entered the trade. EOS is trending inside an ascending channel | Source: TradingView.com, Coinbase On the other hand, the price has not failed to reach the upper levels so far. A pullback action from Channel support could push EOS back towards the Channel resistance. Traders with low-risk appetite could use the bounce-back as an opportunity to open a fresh long position 405 sats. Meanwhile, they could minimize risks by maintaining a stop-loss order just below the Channel support. A Consideration From a fundamental point of view, investors who were bullish on EOS might find it hard to digest its centralization issues. The sentiment could prompt some to switch their positions for tokens with more attractive opportunities. Such a scenario could suit the breakdown scenario as discussed above. Meanwhile, traders can look to accumulate EOS ahead of the launch of Voice. EOS creator Block.One on Thursday announced that it would launch the EOS-based social media platform on February 14. While the announcement did not help neutralize trading sentiments immediately, traders can still speculate on the Voice launch to make interim profits. One could watch out for a reversal from Channel resistance – a sign that traders are processing the Voice news – and place his/her upside positions. EOS Price Hit after Getting a C- in Decentralization by Weiss was last modified: December 9th, 2019 by Yashu GolaThe post EOS Price Hit after Getting a C- in Decentralization by Weiss appeared first on NewsBTC.
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