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JPMorgan Chase on Thursday unveiled a prototype for a digital coin system using blockchain, a first among major banks as disruption accelerates change in financial services. The system, called JPM Coin, which for now is only at the prototype stage and for business-to-business deals, would ...
Coincheck wins approval to run cryptocurrency exchange a year after massive theft
About a year after a massive digital heist that shocked the cryptocurrency industry around the world, Japan's financial watchdog gave Coincheck Inc. the green light Friday to officially run a virtual currency exchange. Following the Coincheck hacking case in late January that cost the Tokyo-based ...
6,000 cryptocurrency laundering cases reported to Japanese police from January to October
Nearly 6,000 cases of suspected money laundering linked to cryptocurrency were reported to police in the January to October period, National Police Agency officials said Thursday. The figure is more than eight times higher than the 669 cases reported from April to December last year. ...
'Summer Davos' in China casts spotlight on technological advances beyond Silicon Valley
The award-winning virtual reality film "Tree" offers a rare multisensory experience of becoming a rainforest tree from a seedling in just 15 minutes. Reading a short speech into a microphone analyzes your voice and tells who you are — your sex, height, skull type, ...
Cryptocurrency firm Tech Bureau Corp. has failed to provide adequate details on how thieves hacked into its exchange to steal ¥7 billion ($62 million), or explained its delay in reporting the hack, the country's financial regulator said on Tuesday. The Financial Services Agency issued a ...
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, ...
