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Once upon a time initial coin offerings were open to everyone. That time was last year, and since then gaining entry to ICOs has become increasingly difficult. In response to regulatory attention from the SEC, crypto startups have begun to perform due diligence on aspiring investors. Thanks to onerous KYC requirements, the pendulum has swung … Read more
The Japanese financial regulator will be issuing its first warning since the legalization of cryptocurrencies as a method of payment in Japan. An overseas initial coin offering agency has reportedly been attracting Japanese investors without a license, repeatedly ignoring the agency’s advice to cease operating in the country. Also read: Japan’s DMM Bitcoin Exchange Opens for … Read more
Bitgrail, an exchange whose primary purpose was to facilitate the trading of nano, has folded after ‘losing’ 17 million XRB, valued at around $170 million. The Italian exchange had been offline for weeks, and its customers feared the worst. Today, its operator “Francesco The Bomber” confirmed the bad news, which gained short shrift from the … Read more
This Friday the Japanese exchange Coincheck has announced the resumption of yen (JPY) withdrawals will begin next week. The news follows the trading platform halting operations on the 26th of January. That day Coincheck was hacked and lost a total of 523,000,000 XEM, but the exchange promised to pay back the 260,000 customer accounts that … Read more
Despite some cracks on the icy surface of inter-Korean relations, caused by the Olympic spirit, tensions on the silent crypto front in Korea remain high. South Korean intelligence has informed lawmakers in Seoul that the North keeps trying to hack cryptocurrency exchanges south of the DMZ. Cryptos worth billions of won have been stolen by … Read more
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 … Read more
Bitcoin is a tool for terrorists and money launderers. At least that’s what your elected officials believe. When western leaders are pressed for their thoughts on cryptocurrency, that’s invariably the first sound bite to leave their lips, followed, occasionally, by a begrudging acknowledgement that “the underlying blockchain technology has potential”. But as the case of … Read more
Japanese investors are undeterred by the recent Coincheck hack and the general public is now more interested in cryptocurrencies due to the constant hype in the media. Bitflyer, Japan’s largest crypto exchange by volume, is seeing a rapid increase in the number of registered users. “Ironically, many people got interested in cryptocurrencies after this incident,” … Read more
Major Japanese cryptocurrency exchange Coincheck has announced that it will reimburse the accounts of the 260,000 customers who lost XEM tokens in a recent hack at a rate of roughly 81 U.S. cents per unit. As of this writing, XEM is trading for approximately 89 U.S. cents, having recovered slightly from its dip in the … Read more
The Neo platform was designed to serve as a launchpad for Initial Coin Offerings. Since hosting the Red Pulse ICO last year, Neo has accommodated around a dozen ICOs, with another dozen in the works. From a fundraising perspective, these crowdsales have been successful, selling out rapidly and raising hundreds of millions of dollars. But … Read more
