Tag: Cryptocurrency

Cryptocurrency News From Japan: March 29

Crypto Bit News Staff

This week’s headlines from Japan included the country’s Financial Services Agency revealing feedback from the public on recent regulation, the Cabinet Office Ordinance announcing regulatory changes, Zaif exchange removing three crypto assets, BitBank’s COO predicting crypto exchange mergers, and Nomura Research Institute issuing Japan’s first blockchain-based bond.  Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Japanese FSA receives comments on new regulations The Japanese Financial Services Agency, or FSA, unveiled 172 comments from citizens and groups, pertaining to recent crypto asset laws taking…

This Cryptocurrency Casino Is the Latest Terrible Idea by Atari

Crypto Bit News Staff

Atari is one of the oldest companies in gaming, but its modern track record is not so great. They recently announced the launch of their own online casino and crypto token. This is a stunningly bad idea for a company with such a poor recent track record. Atari has a troubled history. While the company was the driving force behind the early days of the gaming industry, they’ve struggled since then. They’ve recently tried to branch out into various areas. Atari has a hotel chain in the works, which I’m…

YouTube Bans Drive Cryptocurrency Fans to Decentralized Alternatives

Crypto Bit News Staff

In recent years, Google-owned video-sharing platform YouTube deleted and banned an array of cryptocurrency-related channels. The platform’s policy has driven cryptocurrency enthusiasts to look for decentralized alternatives to YouTube, which allow users to skirt censorship and even incentivize them with their own tokens. In a YouTube video published on April 1, a channel dubbed Bitcoin for Beginners reviewed some of the decentralized YouTube alternatives. When choosing the most relevant platforms, the channel host took into account their usability, track records and user interface as major criteria. Among the most popular…

Cryptocurrency News From Japan: March 22-28 in Review

Crypto Bit News Staff

This week’s headlines from Japan included Bitbank adding smartphone compatibility for identity verification, Fobi Japan announcing leverage trading, Coincheck announcing order limits, Rakuten Wallet announcing margin trading, and product trading company Marubeni testing blockchain for tracing steel pipes.  Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. BitBank launches smartphone ID verification Japan-based crypto exchange, BitBank, recently added smartphone compatibility for its Know Your Customer, or KYC, practices. Using their smartphone cameras, customers can now snap pictures themselves and related required paperwork for verification.…

Cryptocurrency is a Failure as a Currency Says Brazil’s Banking Chief

Crypto Bit News Staff

The President of the Brazilian Banking Federation, Murilo Portugal, has argued that  cryptocurrencies are not really currencies at all. Portugal was speaking in a debate about the ‘Impact of the Digital Revolution on the Financial System’ at the non-profit think tank, the Fernando Henrique Cardoso Foundation. The debate examined the impact of new technologies on financial services, including blockchain, cryptocurrency, big data, artificial intelligence and fintech. Portugal argued that “cryptocurrencies do not fulfill any of the classic functions of the currency” and said they are not a unit of account,…

Binance Reveals the Secret Behind Its Cryptocurrency Futures Success

Crypto Bit News Staff

Aaron Gong, vice president of futures at major cryptocurrency exchange Binance, explained to Cointelegraph how the firm managed to become one of the top crypto futures trading platforms. As Cointelegraph reported earlier this week, Binance recently overtook BitMEX and became the second-largest platform in terms of 24-hour Bitcoin (BTC) futures trading volume. When asked whether he is surprised by such success, Gong said that the firm created the product with the plan of becoming the top Bitcoin futures trading platform: “We knew we would be there soon, and we made…

Cryptocurrency News From Japan: March 15-21 in Review

Crypto Bit News Staff

This week’s headlines from Japan included exchange self-regulatory organization, JVCEA, suggesting guideline changes, financial institutions collaborating with a blockchain startup for asset management, GMO Coin exchange listing BAT, and news that Toyota has built a blockchain-based identity platform. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. JVCEA adds regulatory suggestions and revision regarding exchange JVCEA, a Japanese self-regulatory organization (SRO) for exchanges, proposed alterations to an upcoming initiative called the Revised Funds Settlement Law, set to come into play in the first half…

Payment Provider NetCents Readies Cryptocurrency Credit Card for Launch

Crypto Bit News Staff

Canadian cryptocurrency payments provider, NetCents, has completed the technical integration of its consumer credit card into its proprietary ecosystem. NetCents announced March 20 that it had begun edge-case scenario testing in real-world environments in order to ready the card for launch. Not like other crypto credit cards The NetCents credit card promises users will not have to pre-load cryptocurrency onto their cards, differing from otherwise-similar products already on the market. Cards which require pre-loading can sometimes rob users of crypto value appreciation they would have otherwise received in the interim…

Cryptocurrency Custodian BitGo Expands Crypto Insurance Policy

Crypto Bit News Staff

Cryptocurrency custodian BitGo now offers insurance for the assets it holds in excess of its $100 million coverage limit. According to an announcement on March 18, BitGo is the first crypto asset custodian to allow its customers to purchase an excess limit above its standard policy. Over $100 million of insurance coverage on crypto BitGo first launched an insurance policy covering up to $100 million for the digital assets it holds in February 2019, through major insurance firm Lloyd’s. The insurance covers losses due to theft and misplaced keys. With…

Cryptocurrency Exchange Bitfinex Lists $280M Crypto Hedge Fund

Crypto Bit News Staff

Bitfinex, the major cryptocurrency exchange and partner firm of stablecoin Tether (USDT) is listing a multi-million-dollar cryptocurrency hedge fund.  The exchange announced on March 16 that it has listed Bahamas-based crypto hedge fund Fulgur Alpha, which is currently worth $280 million dollars. According to the Bitfinex, the fund — which is only accessible to professional investors — aims to increase its assets under management this year. Fulgur Alpha’s assets are held at licensed crypto-asset custodian Delchain Limited and the fund’s regulatory compliance is ensured by Bahamas-based administrator Deltec Fund Services…