Japanese Internet Giant GMO to Launch Yen-Pegged Cryptocurrency

Japan’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 … Read more

‘Crypto Fund’ Approved to Manage Cryptocurrency Investments in Switzerland

Emerging Swiss virtual currency fund, Crypto Fund AG, said on Tuesday it had been given an asset management license by the Financial Market Supervisory Authority (Finma). The license allows the company to manage crypto-related investments within Switzerland and to solicit for others elsewhere. Crypto Fund will also be authorized to provide investment advice to corporate … Read more

First Major Bitcoin Cash ICO Raises $30M in Record Time

On Oct. 8, 2018, the blockchain firm and mining pool Viabtc finished the first high-value initial coin offering (ICO) using the Wormhole protocol and Bitcoin Cash chain. According to exchange data, the Viabtc Token ICO raised US$3,700 per second capturing a total of $30 million in 2.2 hours. Also Read: Electron Cash Developer Reveals In-Wallet BCH … Read more