Japan
Coinbase Launches in Japan, Binance Users Take Legal Action
Coinbase partners with MUFG to launch in Japan. Users band together to take legal action against Binance after an outage. And the founder of Finder.com offers crypto as a COVID-19 vaccination incentive. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Japanese Exchange Liquid Global Hacked, $90M in Crypto Potentially Stolen
Leading Japanese crypto exchange Liquid Global has reportedly been hacked and has suspended deposits and withdrawals. While the total amount stolen is yet to be determined, the value taken could be upward of $90 million. "The Hash" squad discusses the key takeaways from the latest blow to the crypto industry and what this could signal about the future of centralized exchanges.
China Maintains Crypto Market Pressure, J-Pop Stars Offer NFT Advice
China’s central bank to maintain pressure on the crypto market. China clarifies the legal validity of blockchain evidence, and J-Pop’s “Cryptocurrency Girls” offer NFT advice. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Monex CEO: Japanese Regulators ‘Stupid’ for Binance Warnings
Japan was once a cryptocurrency paradise until regulators cracked down on crypto following a major exchange hack. Oki Matsumoto, CEO of Japanese financial conglomerate Monex Group, says, "Japan is back" while discussing the outlook for the crypto markets in the country. He says regulators are "stupid" for their recent warnings about Binance in Japan.
Are Institutional Investors Getting Cold Feet?
Grayscale Bitcoin Trust (GBTC) shares bought in January will be unlocked next month, and the incentive to reinvest is relatively low. CoinDesk's Galen Moore discusses whether such "unlockings" discourage institutional investments. He also suggests where Chinese miners might be headed following further operations crackdowns. Plus, what Coinbase entering the Japanese market means for the global crypto community and regulatory framework.
Crypto’s East-West Divide: How Some Companies Are Bridging the Gap
China-based cryptocurrency exchange Huobi is set to launch a new U.S. affiliate in July. Meanwhile, American crypto exchange Coinbase goes east as it registers with Japan’s Financial Watchdog to offer crypto services in the country.
Japan’s bitFlyer Gives US Clients Access to Bitcoin and Japanese Yen Pair Trading
Japan-based crypto exchange bitFlyer introduces cross-border trading in the U.S. by allowing users to trade bitcoin in Japanese yen pairs. Joel Edgerton, CEO of bitFlyer USA, joins “First Mover” to discuss the development. Plus, Edgerton’s bitcoin markets analysis and outlook.
BCH Gets the Nod from Japan; Digital Yuan Travels to the Countryside
While Bitcoin Cash surges, we talked to a Japanese coffee shop owner who just started accepting BCH as payment yesterday. Buying bubble tea with a digital yuan China’s DCEP pilot program continues to expand. Police in Korea are told no to crypto, but who will police the police?
The Mostly Retail-Focused Crypto Markets in Japan: When Will Institutional Investors Participate?
The Japanese crypto market has several key distinctions from the American crypto market: it is largely retail-driven, institutional investors are more cynical about the current bull run, and there is more regulatory clarity. How does this impact crypto trading in Japan? Bitflyer's Joel Edgerton with his analysis on the Japanese crypto markets.
Security Tokens Are Taking Off in Japan
Security tokens haven't really caught on in the US market, but they have in Japan. Carlos Domingo of Securitize breaks down the reasons for the successes of STOs in Japan, including regulatory clarity and institutional adoption.
