Japan’s DMM Exiting Cryptocurrency Mining Business

Japan's DMM Exiting Cryptocurrency Mining BusinessJapanese e-commerce giant DMM.com is reportedly exiting its cryptocurrency mining business due to “deteriorating profitability,” local media reported. This news follows an announcement by another major Japanese company, GMO Internet, that it will no longer manufacture and sell mining machines, citing similar reasons. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations […]

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Japan’s GMO Quits Manufacturing and Selling Mining Machines

Japan's GMO Quits Manufacturing and Selling Mining MachinesJapanese internet giant GMO has announced that it will no longer develop, manufacture, and sell cryptocurrency mining machines. The company will, however, continue to mine in-house but will relocate its mining center to a region with cleaner and less expensive energy. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Exiting the […]

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Japanese Internet Giant GMO to Launch Yen-Pegged Cryptocurrency

Japanese Internet Giant GMO to Launch Yen-Pegged CryptocurrencyJapan’s GMO Internet Group has announced plans to issue a yen-pegged stablecoin called GMO Japanese Yen. Already in the crypto exchange and mining hardware businesses, the company plans to launch its third crypto enterprise with this stablecoin. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Yen-Pegged Stablecoin GMO Internet Group announced Tuesday […]

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4 Major Changes Affecting GMO Internet’s Crypto Mining Efforts in 2018

NullTX GMO Internet Mining

GMO Internet is one of the world’s biggest entities to embark on cryptocurrency mining. The Japanese firm has shown a strong support for Bitcoin and other cryptocurrencies over the years. Because of their mining venture, the next key developments are well worth keeping an eye on in this regard. #4 Addressing the Impersonation Problem The […]

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Japan’s GMO Launches Live Crypto Trading Platform, Adds Mining Facilities

Japan's GMO Launches Live Crypto Trading Platform, Adds Mining FacilitiesJapanese internet giant GMO has launched a live crypto trading platform via its subsidiary GMO Coin. This is the company’s third crypto exchange and trading service. Meanwhile, the group has established more mining facilities and has mined almost 3,000 BTC and over 660 BCH so far. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, […]

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Another Japanese Company Developing 7nm Bitcoin Mining Equipment

Another Japanese Company Developing 7nm Bitcoin Mining EquipmentBesides GMO Internet, another Japanese company is working on producing 7nm mining equipment. Triple-1 has been working on its 7nm bitcoin mining chips and expects to start shipping the equipment in November, shortly after GMO expects to start shipping its 7nm miners. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Developing 7nm Mining Equipment […]

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Japan Roundup: Public Companies Unveil New Mining Plan, Exchange, Token Fund

Japan Roundup: Public Companies Unveil New Mining Plan, Exchange, Token FundThree Japanese public companies have individually made announcements regarding their cryptocurrency operations. Forside has grown its mining operation with a plan to sell 7nm bitcoin mining rigs. Farsteps is planning a Singapore exchange launch. Meanwhile, Line Corp, the operator of Japan’s most popular chat app, has added crypto price quotes to its Clova AI assistant […]

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Japan’s Internet Giant GMO Unveils New Crypto Priorities, Exchange Profits Up 7-Fold

Japan's Internet Giant GMO Unveils New Crypto Priorities, Exchange Profits Up 7-FoldJapan’s GMO Internet has unveiled new priorities for its cryptocurrency business along with the performances of its crypto exchange and mining operations. The changes going forward result from the bear market and increased total hash rate. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space GMO Coin Profits Up 7.3-Fold Japanese internet giant GMO published […]

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Bitflyer Cracks Down on Market Manipulation – Coincheck Eyes August Relaunch

Bitflyer Cracks Down on Crypto Market Manipulation, Coincheck to Reopen in AugustJapan’s largest crypto exchange, Bitflyer, may freeze accounts caught manipulating prices. Meanwhile, GMO Internet has released quarterly earnings for its crypto exchange subsidiary, currently looking to borrow some BTC from customers. In addition, Coincheck plans to reopen next month after it was hacked earlier this year. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space […]

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Japanese Crypto Exchanges Working on Lowering Margin Trading Limits

Japanese Crypto Exchanges Working on Lowering Margin Trading LimitsJapanese cryptocurrency exchanges may soon set a strict limit on the leverage they offer for margin trading in order to better protect investors. The association comprised of 16 government-approved crypto exchanges is reportedly imposing a leverage limit as part of its self-regulatory rules. There will be a grace period and exceptions. Also read: Yahoo! Japan Confirms […]

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