Coincheck Reports Deepening Losses of $5.3 Million in Third Quarter

Coincheck reported a pre-tax loss of 588 million yen (US $5.3 million) for the third quarter of 2018, the Japanese exchange’s second consecutive quarterly loss since hackers pilfered $530 million in January. That’s an increased deficit of 130 percent from the 259 million yen ($2.3 million) loss the previous quarter. Also Read: French Business School Fees … Read more

Japanese Regulator: Stablecoins Are Not Cryptocurrencies Under Current Law

Japan’s top financial regulator, the Financial Services Agency, has exclusively explained to news.Bitcoin.com how stablecoins are treated under current Japanese law. In addition to emphasizing that they are not virtual currencies, the regulator clarified the registration requirements for their issuers and dealers. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Not Virtual Currencies Japan’s … Read more

Sony Develops ‘Contactless’ Hardware Wallet for Digital Assets

Sony has announced the development of a new type of cryptocurrency hardware wallet that uses its IC card technology. The Japanese conglomerate also said that it firmly believes in the potential for the commercialization and widespread adoption of blockchain technology. Also read: Blockchain Launches Hardware Wallet Secure Digital Assets Tokyo-based Sony, a household name for decades, … Read more

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