NEWSWORTHY
The myth of the stable cryptocurrency
The problems with the latest wave of cryptocurrencies will be familiar to anyone who has encountered even a single study of speculative attacks on pegged exchange rates.
French footballing giants Paris Saint-Germain are launching their own cryptocurrency after announcing a new partnership with Socios.com, a blockchain company based in Malta. In a statement announcing the deal on Tuesday, Qatar-owned PSG did not reveal the length of the agreement or how much money ...
Japan's FSA tightens screening process for aspiring cryptocurrency exchanges
The Financial Services Agency has effectively tightened its registration screening for cryptocurrency exchanges to see whether they are properly conducting risk management, sources say. Such registration processes are conducted under the revised Payment Services Act, which took force in April 2017 to protect cryptocurrency users. The ...
SEC quashes more bitcoin ETF pitches in another blow to cryptocurrencies
The U.S. Securities and Exchange Commission has rejected another round of attempts to list exchange-traded funds backed by bitcoin, blocking ETFs from ProShares, GraniteShares and Direxion, on concern prices could be vulnerable to manipulation. In a trio of orders posted on the agency's website Wednesday, ...
Soviet fertilizer lab reopens in Russia as cryptocurrency 'farm'
A Russian company on Monday opened what it said was the country's largest cryptocurrency mining unit, in a former Soviet fertilizer-producing laboratory. The opening comes as Russian authorities seek to regulate the booming cryptocurrency sector. "This is the largest and so far the only farm in ...
Monex chief sees cryptocurrency future for finance industry
In 1999 former Goldman Sachs investment banker Oki Matsumoto launched an online brokerage with some clear goals in mind: to create an ideal future for personal finance and to encourage Japanese who are hoarding their savings to actively invest. The startup was called Monex, a ...
The country's financial watchdog plans to impose stricter regulations on bitcoin and other cryptocurrencies in the wake of the massive theft at Coincheck Inc., a Tokyo-based virtual currency exchange operator, in January and the use of such digital money for speculative investments. In April 2017, ...
19-year-old CEO creates app to bring Japan's voters and politicians together
A 19-year-old Keio University student is aspiring to bridge the gap between politicians and citizens, especially young people, with an online platform app called PoliPoli that uses innovative technologies to facilitate communications between them. Kazuma Ito, CEO of PoliPoli Inc., believes most voters seldom get ...
Is bitcoin creator writing a book? Cryptic note indicates yes
Is the unknown creator of bitcoin writing a book about it? That could be concluded from a cryptic message posted Friday at a website possibly linked to Satoshi Nakamoto, the pseudonym used by the person or people who released the original bitcoin white paper in ...
In fintech bet, Line to launch overseas cryptocurrency exchange
The firm sees a key role for financial services in its growth strategy, and plans to integrate them into its messaging app used by 75 million people in Japan.
Mt. Gox creditors get new avenue in years-long attempt to recover bitcoin losses
Things may be looking up for creditors of Mt. Gox, which was the world's biggest bitcoin exchange before going in flames after saying thousands of bitcoins had disappeared. The Tokyo District Court on Friday approved the start of civil rehabilitation proceedings, meaning the bankruptcy process ...
The move suggests that operators registered under the revised payment services law, enacted in April last year, have not yet established adequate internal control systems.
