Day: April 13, 2018

We saw the importance of Bitcoin in the course of this week. It is up 17 percent in the last 7 days and the effect on altcoins is profound. Leading this surge is EOS which is up 48% and likely to displace Litecoin in the top 5 spot. In my view, and this is important, most altcoins will continue to add in the coming week and I shall focus primarily on Litecoin and Stellar Lumens which are lagging.

Let’s have a look at these charts:

XLM/USD (Stellar Lumens)

XLMUSD 4HR Chart from Bittrex for April 14, 2018

Regardless of the slow down, Stellar Lumens is still up 6 percent in the last 24 hours and 26.30 percent for the week. That is quite impressive from a technical point of view and considering the recent depreciation of cryptocurrencies in general.

The expansion in prices also means a double bar reversal pattern in the weekly chart and even though I won’t recommend long entries at the moment, I anticipate Stellar to edge higher in the coming session.

Suitable pick up points lies at $0.24, a recent support in the 4HR chart. Alternatively, we can wait until when a stochastic buy signal prints more so if prices fail to bounce off $0.24 and continue to slide.

IOT/USD (IOTA)

IOTUSD 4HR Chart from BitFinex for April 14, 2018

As you would expect from a multi-billion project as IOTA, there are a lot of developments behind the scene. One of them is this promising Pass, a blockchain biometric and decentralized technology website that will re-launch next week. The project promises decentralization of data identification and verification by leveraging on Tangle technology.

There is a lot of work happening behind the scenes. We will release more information on a weekly basis now #iampass #identity #iota pic.twitter.com/adEOWcLuiG

— PASS (@i_am_pass) April 13, 2018

Price wise, our IOTA technical analysis points to a break out trade which is clear in the daily chart. When we zoom out to the weekly chart, a huge bullish engulfing pattern has been formed meaning trading with the trend in the lower time frame is the surest way of making money.

Therefore, considering this, we should exercise patience until when a stochastic buy signal prints in the 4HR chart. Potential reversal zones can be anywhere between $1 and $1.25 which is also our immediate support. On the flip side, waiting for a break and close above $1.5 before loading buys can be a good strategy.

EOS/USD (EOS)

EOSUSD 4HR Chart from BitFinex for April 14, 2018

If you have been following EOS, then by now you should know that there is a lot going on in matters development and sometimes free lunch. While politics dominate on matters BP, Bitmain and INBlockchain, I really think every economic system is designed to favor the big fish.

The blockchain system and tokenization is an example of this and no matter the picketing, someone somewhere is ramping up on the underground trying to seize control. Anyhow, EOS is flexible enough and unlike other blockchain systems where correction can’t be made once transactions are made, Dan said in EOS, the user is in control and in scenarios where mistakes have been made, another transaction can be made to correct them.

Price wise, EOS is set for further gains. In the last 7 days for example it’s up 48 percent and back to position 6 after slowing down yesterday.

The thing is I expect prices to slow down and even retest $7.5 before bulls resume in the coming week. Because of this, I recommend short term sells with targets at $7.5 or until when a stochastic buy signal prints.

LTC/USD (Litecoin)

LTCUSD 4HR Chart from CoinBase for April 14, 2018

As always, we can always relate price appreciation with the network effect. Litecoin is playing by the game and keeping their original objectives intact. In fact, news is one of Litecoin Foundation developer Franklyn Richards will be joining Zulu Republic to lead their development team and more so, Litecoin Vault. This is definitely good news.

Happy to announce I will be working with @ztxrepublic to lead development of their #Litecoin products!

Litevault is just the beginning. https://t.co/B36segpwUe

— Franklyn [LTC] (@MLPFrank) April 13, 2018

While this is happening, Litecoin is back to the top 5 and is up 7 percent for the week. The result is that bullish engulfing pattern in the weekly chart and a bullish break out pattern in the daily chart. Even though prices are technically up, our Litecoin price analysis points to lower lows in the coming sessions.

As such we expect prices to retest $120 or $115 before bulls resume ideally right after a stochastics buy signal prints in the 4HR chart.

NEO/USD (NEO)

NEOUSD 4HR Chart from Bittrex for April 14, 2018

Right from Gagapay Network a smart marketing platform and Aphelion, it’s the NEO resurgence that truly matters. Now, I really don’t care if NEO hit $100 or $200 over this weekend but what is important to us is this change in sentiment. It’s pretty nice and supportive of price.

Video Demo of the Aphelion NEO Desktop Wallet launching on April 20th, 2018. Watch it here: https://t.co/A7rqIDgadF

— Aphelion (@AphelionToken) April 13, 2018

From our NEO technical analysis, we project prices to rise in the coming week(s). However, at the moment, chances are prices might slow down and if it does, patience shall be our asset.

Immediate bear targets of $55 looks reasonable assuming there is a break below $60 in the 4HR chart. Otherwise, in the medium term, $90 and $110 are our bull targets.

All charts courtesy of Trading View

The post “Litecoin and Stellar are Under Valued” NEO, EOS, Litecoin, IOTA and Stellar: Technical Analysis April 14, 2018 appeared first on NewsBTC.

A crypto startup aims to attract customers away from using credit cards to pay for items both online and offline by introducing a Blockchain protocol that will make it easier to use cryptocurrencies instead.

PumaPay says Bitcoin and many of its rivals have failed to become mainstream payment methods because they lack scalability and flexibility – despite being launched almost a decade ago. This has made it difficult for cryptocurrency holders to use their funds without converting to old-fashioned tender first.

PumaPay is confident of changing the status quo because of how its protocol has been “designed from the ground up” to eliminate the current downsides of shopping online – including the fees which drive up the cost of everyday items and unauthorized transactions that create headaches for consumers and firms alike.

PumaPay’s PullPayment Protocol brings a fresh approach to payment processing by introducing a mechanism where shops, restaurants, and other businesses can pull money out of their client’s wallet – reversing the current practice of a consumer pushing their cash through a myriad of middlemen before it arrives in the merchant’s account many days after the transaction has been finalized.

The open-source, free project will also broaden the possibilities for making payments, and being paid through Blockchain. Unlike other solutions, PumaPay says its infrastructure can support recurring transactions of varying amounts, opening the door for utility companies to accept cryptocurrency in exchange for gas, water or electricity supplies.

The PullPayment Protocol in action

In its white paper, PumaPay illustrates the versatility of its protocol by putting it to the test in various scenarios.

For example, an avid magazine reader would be able to arrange for a subscription to their publication of choice by scanning a QR code on their PumaPay wallet, which the company says will eventually be supported via Chrome, iOS, and Android applications. From here, a PullContract is provided with terms and conditions – and once the customer accepts, they will receive regular copies of the magazine, with the publisher permitted to take a regular subscription fee from their account.

In another case study, a medical practitioner who conducts appointments online is able to charge their patients to the minute, with the customer being charged five minutes in advance to guarantee they have sufficient funds.

PumaPay also believes its protocol, which is currently in development, could prove an indispensable tool in the realm of financial education. At present, parents who give their children lunch money run the risk of the cash being misused and spent on something else entirely. However, the company envisages that its cryptocurrency wallet could come with a feature where kids need to gain approval for every purchase they make, guaranteeing that money is used for its intended purpose.

To ensure that consumers can maximize their use of the protocol, the company is working on an app called PumaPay Pride which presents all local businesses who accept the PumaPay Token.

What’s in it for merchants?

According to PumaPay, businesses stand to gain a lot from the PullPayment Protocol because of how they would no longer be held hostage to credit card associations with their high fees. As well as giving a healthy boost to their profit margins, it is hoped they could drum up new trade by using these savings to slash prices for the public.

A seven-day token generation event is launching on April 26. PumaPay has already struck partnerships with a number of online content providers and e-commerce platforms, who will start using PullPayments when the protocol is launched.

The post Blockchain Payment Protocol Aims to End ‘Downsides’ of Online Payments appeared first on NewsBTC.

Mayor-President of the Lafayette parish proposed developing a municipal virtual currency, claiming it would attract investors to the parish and help “develop solutions targeting government inefficiencies.” #NEWS

Singapore, April 5, 2018 –  Consentium, Asia’s first multi-digital currency and group monetisation chat application, has announced today that it has raised a total of USD$20 million after the latest round of its private sale. This follows a previous raise of USD$10 million which was completed in March 2018.

“Consentium is re-defining what a mobile chat app does. Not only can our users communicate with friends, families and people in their networks, but also uniquely monetize their in-app experiences. We are immensely pleased with follow-on funding into Consentium which demonstrates a healthy investment appetite from investors to build our vision of a fintech and community first chat app.” said Hal Bame, co-founder of Consentium.

In March 2018, Consentium announced its partnership with the security firm ThothTrust to manage the overall security for Consentium, mainly focused on wallet encryption methods. Through its Customizable Secure Cryptography (CSC) product, ThothTrust provides a consultation and customisation service to secure the company’s critical crypto assets. What this secure hardware service does is it stores, processes and executes cryptocurrency transactions for Consentium and its users. For users to access these services, secure identification will be required.

On Friday, 23 March 2018, Consentium also held its first sharing session in Singapore, with a turnout of 150 attendees. The event called “Consentium Presents: Regulations and Economics of Cryptocurrencies Today” covered information around the parameters of cryptocurrencies in Singapore. Speakers included Peter Sin and Caleb Yap, Co-Founders of Singapore Bitcoin Club, Nizam Ismail, legal advisor for Consentium, as well as Hal Bame, CEO & Co-Founder of Consentium, who shared more around the platform’s unique concept of monetising the creation and participation of community chat groups.  

Insights from the packed-out event helped drive interest in Consentium’s pre-sale, as its pre-sale cap of USD$20 million was achieved within the initial hours of the one-day pre-sale. To cater to the overwhelming interest registered, Consentium will be extending its public sale dates to run from April 15th (1800hrs GMT +6) through April 30th (1800hrs GMT +6).

-ENDS-

About Consentium

Consentium is the first chat application to reward its users with cryptocurrency for any group or community they create. The Consentium Coins (CSM) cryptocurrencies generated on the platform are based on the Ethereum platform, the world’s largest leading smart contract blockchain.

For Media Enquiries

PRecious Communications for Consentium

T: (65) 6303 0567

E: [email protected]

Parental controls help parents create a positive digital portfolio for their kids’ future success

Do you want your kid to have excellent academic achievements? Things turn out that their digital presence on the Internet matters for the admission committee and potential recruiters. Moreover, it all starts with a sort of cyber hygiene which leads to creating a positive digital persona on the web.

What is cyber hygiene?

It is a set of basic rules a kid should follow to be safe online. When a child starts using the web, parents should talk about it and set up some rules and even restrictions. The basic ones are:

–    Do not expose personal data (name, surname, address, email, phone number, etc.)

–    Tell parents if somebody’s insisting on meeting in person

–    Do not post provocative material (photos with half-naked body parts)

–    Do not bully

–    Ask for permission when downloading or uploading something

–    Etc.

The parent’s work is not done yet. They need to monitor if their kids follow those rules and supervise if nothing threatens their safety and sanity. This is where the parental control app Kidgy comes in handy. It helps parents monitor their kids’ online activity as well as adjust it effectively. This approach allows creating a favorable digital portfolio for future academic achievements.

What is a good digital portfolio?

It is a persona with literally flawless reputation on the web. This means that a teen while using social media creates a positive impression of themselves. They do not post inappropriate content, bully or leave offensive comments. Moreover, since lots of online platforms ask to sign up via social media accounts, the comments or any text they leave there might also be visible to the online audience. Their opinions might be insightful and speak volume about themselves.

Cyberbullying is another problem that ruins kids’ reputation. Kids create fake Instagram accounts (“finstas”) to bully and ruin the reputation of their peers. For example, a kid sets up a finsta in the name of another one to destroy their reputation or to discredit them within the group of friends. The person behind that account posts inappropriate comments and private messages to peers they go to school with. Sometimes they even expose the other’s personal data. The e-safety commissioner says they get lots of reports containing threats of violence and even incentives to suicide. The thing is that a thrilling number of reports come from kids under the age of 13. These facts prove the necessity of a parental control app in parents’ everyday life.

Child sexting is another online activity which undermines kids’ reputation.

A kid involved the other day in sexting has fewer chances to be enrolled at the university or have a good career beginning. The program Outcome 21criminalizes teens involved in sexting. It allows the police to record the sexting crime and its participants. They won’t be able to pass standard criminal checks due to unfavorable police lifetime records.

Have you heard about Tinder? There’s a new one for teens – the Yubo app. E-safety experts say it is a work field for online predators. Dr. Jodi Gold, psychiatrist and director of The Gold Center for Mind, Health and Wellness, says it’s sexy and funny, and a place for hook-ups. Sexy? Hook-ups? This app is definitely worth parents’ attention and supervision on the kid’s phone.

To prevent risky online activities, using Kidgy parental control app is a must. It helps parents:

–    Manage their kid’s online life. They can look through sites and block adult ones. Sites like Ask.fm, for example, spreads cyberbullying. Therefore, blocking it makes sense in order to prevent an unhealthy online behavior.

–    Monitor apps installed on the phone. Tinder, for example, has an app. While the manufacturer claims they have a restricted policy for underage users, they cannot verify it for sure. Blocking this kind of apps is also reasonable.

–    Monitor calls and text messages. When an online predator hits a kid on social media, they lure them to meet in person. Their communication proceeds to calls and texts. So, this feature can be helpful as well.

There are also additional features Kidgy provides, such as the GPS location tracker, Geo-fencing, Panic Button, Daily Schedule Planner.

The GPs location tracking systematically updates parents on their kid’s current placement. So if your kid is used to wandering after school, this feature might be useful.

Geo-fencing allows you to set up no-go areas on the virtual map. In case your kid passed forbidden ones, you get notifications. You can step in when necessary.

The Panic Button encourages your kid to inform you about the potential trouble. Kids just click it and you get informed about their exact whereabouts.

The Daily Schedule allows you to track how your kid is doing their homework or daily home routines. In a nutshell, these additional features complete the batch of monitoring opportunities parents can use to protect their kid online and offline.

To sum up, parental controls like Kidgy is a reliable solution for parents who want their kid’s digital presence to contribute to their future academic and career development.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

After taking some time off air and making final touches after the TGE, the Tokenbox Team issued a detailed report and shared highlights of what they have done since the beginning of 2018.

First of all, in February Pavel Salas, former regional director for eToro social trading network, joined Tokenbox as CEO – check out the interview with him. Also, the executive team was enhanced with new CTO Maxim Lukutin, while former CTO Alex Bashlikov from the Zerion team became an adviser to the project. New CMO was appointed to the position, while the IT team was strengthened with 2 developers, 1 devops and 1 ux/ui designer.

As the team grew bigger, their range of tasks broadened. During the first quarter they managed to complete the first step of creating the product website and the platform and commence the infrastructure work. As task planning was synchronized with the dev team’s roadmap, the information architecture and the UX logic of the platform as a whole, as well as its individual subsystems and modules were completed. The registration, the authorization, user account recovery systems, part of the KYC system were designed and successfully tested. Finally, the team started designing prototypes of the Dashboard system, the Wallet system, including the Exchange Functionality, the new Homepage and its modules – the future components for the new Tokenbox website.

Notably, new CTO confirmed the founders’ decision to make a module for funds’ tokenization identical to those of The Token Fund, another successful project created by Tokenbox founders.

As for the legal development and licensing, for CEO and the team these issues came first within the past few months. Tokenbox conducted legal review of crypto friendly jurisdictions to set up its subsidiaries. Also, given the increase in pressure from regulators Tokenbox searched for potential solutions for broker and asset management activities in the crypto currency field and conducts consultations with leading companies in the world.

On March 28, 2018 Tokenbox established a company in Gibraltar, Quadrat Enterprises Limited (Company Number 117159). Quadrat Enterprises Limited plans to apply for DLT license in the 2nd quarter of 2018, and expect to receive this license by the end of 2018.

Great news – Tokenbox is going to be one of the first to get an official license for a crypto company in Gibraltar.

As the year began, the TBX token was listed on Bancor network and Yobit Exchange. Along with the token representation, the team of speakers continued a roadshow, attending blockchain conferences and sharing their vision on future of cryptocurrencies. As for the upcoming events, Tokenbox co-founder and managing partner Vladimir Smerkis will be a part of Armenian Blockchain Forum, which will take place in the beautiful city of Erevan on April 22nd. Also, Tokenbox CEO Pavel Salas is going to rock the CHAINGES in May in Amsterdam and represent the project on one of the most exciting and fun community gatherings. Tokenbox promised to give out two free tickets to CHAINGES.

What the team is up to in the next few months? According to the report, Tokenbox main goals for the upcoming quarter of 2018 are:

• to release the new Roadmap till the end of April
• to set up presence in Estonia in the second quarter of 2018 and obtain licenses to provide exchange and custodians services related to the cryptocurrencies
• design&release the Bonus/Referral system, the Dashboard, KYC, and Wallet, the Exchange module included
• to fully staff the Token Team

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

While the project is projected to bring 25-35 permanent jobs to the area, it would draw the power equivalent of 24,000 residences. #NEWS

It’s common knowledge that BitStarz plays host to some of the biggest slot games around, but that’s certainly not all that’s helping this casino make huge waves. The big wins just keep falling, as the action is roaring at the world’s leading cryptocurrency casino. Taking the “Dream Big, Win Bigger” motto of BitStarz to heart, one player has managed to scoop a jaw-dropping 19.995 BTC on bumper-Betsoft game Greedy Goblins!

Betsoft has become a mainstay at BitStarz, as this is a game provider that certainly knows how to create exciting real money slots. Throughout 2017, Betsoft games packed plenty of prize punch, with this only continuing in 2018 if this latest win is anything to go by. Transporting players into a world of magic, trolls, and all things green, Greedy Goblins has certainly caught the attention of players since it went live. Showing that this “greedy” game does have a generous side; one lucky player has been able to sweep a massive prize by spinning its gloriously green reels. The BitStarz member in question pocketed a cool 19.995 BTC – which equals more than $140,000!

The magic certainly comes alive in Greedy Goblins, but if these mysterious looking trolls aren’t for you, don’t worry, as BitStarz has plenty more to offer. Recently named Best Casino of 2017 at the prestigious AskGamblers Awards, BitStarz has edged ahead of the competition thanks to its personal live chat support, booming bonuses, and stellar game selection. Giving all members plenty to play for, it isn’t a surprise to see BitStarz being lauded by critics around the world.

Speaking on the latest big BTC win at BitStarz, Srdjan Kapor (BitStarz Marketing Manager) said,

“The party just keeps going at BitStarz. Last week we found ourselves celebrating another big win for one of our players, now before we can even catch our breath we have another one to celebrate. The lucky player was able to win 19.995 BTC, which is worth around $140,000, playing the popular game Greedy Goblins. On behalf of the entire BitStarz team, I would like to say congratulations to the winning player”

About BitStarz

www.bitstarz.eu

BitStarz is the most exciting boutique casino in the world, with it going to amazing lengths to change the way that players experience the biggest casino games around. Accepting various leading cryptocurrencies – including BTC, LTC, ETH, and DOGE – along with standard currencies, it has truly never been any easier to place a wager. This online casino clearly remains committed to going the extra mile, as it brings players more than 1,000 games, covering table classics, video slots, classic slots, and even super-charged progressive slots. BitStarz also has a gaming license issued from Antillephone N.V. – based in Curacao – certifying the casino as safe and reliable. Add lightning-fast cashout speeds and all-around personal service into the mix, BitStarz is able to deliver a five-star casino experience that’s helped make it the talk of the industry in 2018!

BitStarz is changing the face of casino play, so to discover more about what this leading name has to offer, please contact Srdjan Kapor at [email protected].

Press contact:

Srdjan Kapor

Marketing Manager

[email protected]

www.bitstarz.eu

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

As cryptocurrency markets mature are we seeing the seasonal effects associated with equity markets starting to seep in? This tax season could be quite revealing if the bounce in across the crypto markets mirrors that of the traditional rise in equities around this time of year. 

We hear about new uses for blockchains every single day. The technology is so darn versatile that it won’t be long before it’s making your morning coffee and looking after your kids. Or maybe that’s AI. Whatever. The point is that considering the possibilities of blockchain technology is like contemplating the enormity of the universe. Each time you think you’ve defined its limits, it expands once again.

Admittedly, the majority of ICO proposals are simply ideas on paper, but it’s an exciting time to be living in nevertheless. We’re only in April and already 171 ICOs have sprung up, raising close to $6 billion. What they’ll do with all that capital remains to be seen, since it’s a well-known fact that nine in ten ICOs will go belly up.

In this brave, new, and decidedly cutthroat world where so many things are deliberately vague, it’s becoming crystal clear that to succeed with this technology you need to have something pretty special. An idea on paper is just an idea on paper unless you have the backing of a brilliant and invested team, the expertise, and the credibility to see it through.

We’re Living in Changing Times

Most people don’t really stop to think before hopping online, making transactions and signing up for newsletters. At least, not until they realized their data was becoming a seriously valuable commodity. Since Cambridge Analytica – well, even before then – consumers have realized that they don’t like advertisers reading their minds. They’re not comfortable mentioning to a friend on a mobile chat that they need to buy a new toaster, and then seeing adverts for toasters on social.

Something about it all feels very Big Brother and frankly, it needs to be stopped. These vulture-like data middlemen and advertisers will be checked somewhat by the EU’s GDPR (four letters that strike fear into the hearts of the majority of online businesses). But although that might limit the use and accessibility of data, according to Jaron Seijffers, CMO at Israeli ICO MaxData, consumers are not likely to come out winning. Here’s why:

The current Facebook data scandal shows that people are starting to become aware of the value of their data. Governments are starting to take action and the GDPR is the EU’s way to improve the playing field for consumers. These changes are reducing the ability [of] companies to target specific consumers and will most likely increase customer acquisition costs and with that the final prices for consumers.

So, we’ll gain more privacy, but it will come at a cost. Unless blockchain tech steps in to save the day.

MaxData is planning to create a healthier, more efficient way to buy and sell services online by connecting service providers directly to consumers through a blockchain. This will cut out middlemen and increase cost efficiency for all.

Improving Efficiency in the Service Economy

“The current service economy is built upon massive inefficiencies in the marketing processes,” Seijffers explains. “With companies vying for the attention of consumers, service providers must hire the marketing services of the giant data corporations. These are costly and rolled onto the final, consumer prices. By using the blockchain, we allow anonymous transactions to occur directly between customers and suppliers, cutting out the data middlemen.”

A great idea. But can they see it through? With prominent figures in the Israeli banking system on the advisory board, including Imri Tov, director of Israel’s largest bank, and Dror Shake, SVP of Business Development at Wix.com, lending their weight to the idea, the foundation is looking good. Moreover, this ICO is highly regulated, and its CEO is part of the Israeli regulation committee.

The MaxData team plans to focus on two different markets: services with recurring prices like insurance and utilities, and purchase groups where consumers join together to get better rates, such as corporate gym memberships.

But what makes MaxData different from any other data middleman, like Facebook, Google, or other advertising platforms? MaxData allows consumers to anonymously give information about the services they need and how much they are currently paying for them. This data is encrypted and published anonymously on the platform. This gives companies clear information and allows them to send only relevant offers that will generate higher conversions.

“By lowering their acquisition cost, the companies will be able to increase their revenue while reducing the price of their services. Consumers will receive a token payment whenever companies send them an offer, so not only do they reduce their cost of living, they earn tokens by doing so.”

A Win-Win All Around?

Consumers get cheaper services delivered to their inbox without having to search for them, and they get rewarded monetarily for offering up their data. The service providers gain access to qualified data at a cheaper price, and everyone is happy… except for traditional data middlemen like Facebook and Google. Perhaps that’s why their silence on the blockchain is becoming louder every day.

Russian IPChain association is will digitize Kyrgyzstan’s national patent records using Blockchain technology. #NEWS

Yahoo Japan has announced plans to purchase a 40% minority stake in cryptocurrency exchange BitARG. The platform is headquartered in Tokyo, scheduled for launch later this year.

BitARG has accepted the offer from Yahoo Japan’s subsidiary, stating, ”As a result of this capital participation, the Company will be able to utilize the service operation and security expertise of the Yahoo Japan Group, which will make it easier for customers to prepare for the start of the exchange service managed by the Company and to improve the operation after the commencement. We will promote the provision of secure exchange services.”

Reuters has reported unofficial figures regarding the financial terms of the agreement, estimating the deal to be worth between USD 18.5 million and USD 27.8 million. BitARG has been granted a license to operate as a domestic cryptocurrency trading platform from Japan’s Financial Service Agency (FSA), making the deal far more financially viable for Yahoo to invest in.

Yahoo has also reportedly scheduled additional investments through alternative subsidiaries to support the development of BitARG throughout this year and next.

The deal is particularly significant as Yahoo Japan is one of the most popular websites used in the country, ranking as the fourth most visited website, while also being home to Japan’s largest online auction site. Yahoo itself is a top 40 website globally in terms of traffic rank; a tech conglomerate of this stature entering the cryptocurrency sector could be a significant benefit for the industry.

Similar ventures

Yahoo is not the first corporate giant to invest in the cryptocurrency industry; last week Monex, an online brokerage servicing Japan, confirmed a complete acquisition of exchange platform Coincheck. The cryptocurrency trading platform was experiencing an onslaught of criticism due to its poor security assurances that led to the theft of USD 530 million worth of NEM tokens.

Japanese bank SBI has plans to launch its own cryptocurrency exchange. As Japan’s FSA strengthens regulations around security measures for such projects following the Coincheck theft, startup projects such as this will have to prove they can comply with more stringent security checks.

The post Yahoo Japan to Be 40% Stakeholder in Crypto Exchange appeared first on BitcoinNews.com.