Archive | bitcoin exchange

Japan’s Leading Low-Cost Airline Details Plan to Accept Bitcoin

Japan’s leading low-cost airline, Peach Aviation, has been working to implement a bitcoin payment system. Recently, there were reports that the company may be rethinking its bitcoin strategy following the recent hack of a major Japanese cryptocurrency exchange. Peach Aviation and its bitcoin exchange partner have clarified their position. Also read: Japan’s DMM Bitcoin Exchange Opens for […]

Japan’s Most Popular Chat App Launching Cryptocurrency Exchange

The operator of Japan’s most popular chat app with approximately 168 million monthly users has announced its plans to launch a cryptocurrency exchange. Line Corporation has already begun the registration process as a crypto exchange with the country’s financial regulator. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Line Starting Crypto Business […]

Major Chinese Exchange Platform Looks Towards International Market

One of China’s largest cryptocurrency exchanges has been bought by an unnamed Hong Kong investment group. According to a statement by BTCC today, the buyout aims to help develop an international facing platform, expanding the company’s remit outside of China. Senior Vice President of BTCC Mining Pool, Denver Zhao, said:  “We now have the resources […]

Popular App Stores Targeted With Malicious Software

Valuable items will always attract criminals. Cryptocurrency is no exception. However, with a security model as strong as Bitcoin’s it’s very difficult to compromise individuals’ assets. It’s also likely that if a cyber criminal could indeed appropriate funds from random Bitcoin wallets, the value would drop hugely, rendering the whole endeavour pointless. Rather than target […]

South Korea is Rapidly Moving to Regulate and Foster Cryptocurrency Market

The South Korean government has started to focus on fostering and regulating the local cryptocurrency market to protect investors and ensure businesses have robust infrastructure to secure sensitive information. Major Banks Supporting Cryptocurrency Exchanges Earlier this month, several officials in the South Korea Finance Ministry told local investors that banks and financial institutions within the […]

Japan’s Most Popular Chat App In Talks to Integrate Cryptocurrencies

Japan’s most popular chat app, with 168 million active monthly users, Line, could soon integrate cryptocurrencies. The company is reportedly in talks with a number of companies to integrate cryptocurrencies into its mobile payment service, Line Pay. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Line Could Soon […]

30% of Millenials Prefer to Invest in Bitcoin, Key to Multi-Trillion Dollar Market Cap

Blockchain Capital, a cryptocurrency-focused hedge fund and venture capital firm, has revealed in survey that 30 percent of millennials would rather invest in bitcoin and the cryptocurrency market than government bonds or stocks. Millennials Prefer Bitcoin Over Stocks In an interview with Forbes, Timothy Tam, the founder of CoinFi and former hedge fund trader, emphasized […]

Korean Crypto Exchanges Go on Hiring Spree, Stealing Workers From Banks

Major South Korean exchanges are on a hiring spree. The demand for cryptocurrencies and the government’s mandate for stronger security systems are driving the need for additional manpower at crypto exchanges. Their attractive employment benefits and flexible work environment are pulling workers from traditional banks and financial companies. Also read: Russian Regulators Draft Law to Restrict Crypto […]

Japan Approves New Bitcoin Exchange as Adoption Grows and Peers Expand Overseas

The Japanese financial regulator has approved one more cryptocurrency exchange, making it the 16th exchange to be licensed. As competition intensifies, some local exchanges are branching abroad in search for more volume and liquidity. Meanwhile, more merchants are embracing bitcoin. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Another Bitcoin […]

Indian Entrepreneurs Rush to Launch Crypto Companies Following Bitcoin Boom

Despite the government ramping up regulatory measures for bitcoin traders and exchanges, Indian entrepreneurs are rushing to set up companies with bitcoin or cryptocurrency-related words in their names. Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto Transactions Capitalizing on Crypto Indian entrepreneurs have been rushing to register businesses with the […]

South Korean Prosecutor Fights to Confiscate Bitcoins from Criminal Proceeds

South Korean authorities are divided whether bitcoins from criminal proceeds should be confiscated. In a criminal case involving 216 bitcoins, the court previously ruled that the digital currency cannot be confiscated. However, the prosecutor is now appealing to the court to overturn that decision and allow the forfeiture of the bitcoins, now worth billions of […]

Analyst: Bitcoin Price Could Surpass $60,000 in 2018, Short-Term Momentum Gained

Over the past 24 hours, the bitcoin price has regained momentum after two major corrections, recovering to $15,000 across all major bitcoin markets including the US and Japan. In South Korea, the demand for bitcoin still remains significantly high, as it is being traded with a $4,000 premium at a price of $19,000. $60,000 Mid-Term […]

Japanese Entertainment Giant DMM Unveils Details of Crypto Exchange to Launch Next Month

Japanese entertainment conglomerate DMM Group, the operator of popular e-commerce site DMM.com with 27 million members, is preparing to launch a cryptocurrency exchange. 7 cryptocurrencies, 14 trading pairs, and margin trading will be offered. Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto Transactions DMM’s Crypto Exchange Opening January Japanese e-commerce […]

SK Regulator Fines Exchange Operator Bithumb 60 Million Won for Leaking Customer Data

The Korea Communications Commission has fined the operator of Bithumb, South Korea’s largest bitcoin exchange, for leaking users’ private data. This marks the first time the country’s government has taken punitive steps against a cryptocurrency exchange. Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto Transactions First Punitive Action Against Crypto […]