Bitcoin 

Former Mt. Gox CEO Mark Karpeles to Serve as CTO of New Japanese Blockchain Venture

Mark Karpeles — the former CEO of the now-defunct bitcoin (BTC) exchange Mt. Gox — has revealed he will serve as the chief technology officer of a new Japan-registered blockchain technology firm. The news was reported by Japanese daily newspaper The Mainchi on June 5. Speaking at the Foreign Correspondents’ Club of Japan earlier today, Karpeles reportedly declared his intention to make the country a global leader in blockchain technology by undertaking his new role as CTO of the new Tokyo-based firm, Tristan Technologies Co. Tristan Technologies reportedly plans to…

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Bitcoin 

Japanese Financial Services Agency Approaches Crypto ETFs With Caution, Cites Volatility

The Japanese Financial Services Agency (FSA) showed a cautious approach towards cryptocurrency-based exchange-traded funds (ETFs) in comments at the finance committee of the upper house of the National Diet on May 30. Cointelegraph Japan reported on the comments earlier today. Per the report, local politician Takeshi Fujimaki noted during the meeting that he expects a crypto-based ETF to be approved in the United States, citing both positive and negative statements released by United States Securities and Exchange Commission commissioner Hester Peirce. He then noted that such a product would be…

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Bitcoin 

Japanese Parliament Moves New Crypto Regulations to the Upper House

The Japanese House of Representatives has passed new crypto regulation in the upper house of the National Diet, local news agency Nikkei reports on May 21. The lower house has reportedly moved crypto-related amendments to the existing financial law to the House of Councillors at a recent plenary session.                  According to Nikkei, the amendments to two of Japan’s financial laws — the Financial Instruments and Exchange Act and Payment Services Act — intend to strengthen local regulations on cryptocurrency trading process. The amendments reportedly extend the regulation by adding…

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Bitcoin 

Japanese Unicorn Crypto Exchange Liquid Reveals Plans to Expand to US Market

Japanese crypto trading platform Liquid has partnered with venture capital consortium Virtual Currency Partners (VCP) to create a jointly-owned entity that will pave the way for Liquid’s expansion to the United States. The news was revealed in an official announcement on April 29. As recently reported, Liquid hit unicorn status earlier this month with the first close of an ongoing Series C funding that put the company’s valuation at over $1 billion. According to today’s announcement, Liquid and VCP’s joint entity, Liquid Financial USA Inc. (Liquid USA), will support the…

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Blockchain 

CEO of Japanese Finance Giant SBI Appointed as Ripple Labs Executive

Yoshitaka Kitao, CEO and representative director of Japanese financial services giant SBI Holdings, has been appointed as an executive of Ripple Labs Inc., Cointelegraph Japan reports on April 26. As previously reported, SBI Holdings is an active partner of Ripple via their joint venture, “SBI Ripple Asia,” which was established to promote the use of XRP in Asian financial markets back in 2016. SBI’s official announcement states that Kitao’s appointment to his new executive role at Ripple Labs will aim to “further promote blockchain and digital asset utilization at financial…

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Bitcoin 

Japanese Billionaire SoftBank Founder Lost $130 Million on Bitcoin Investment

Japanese billionaire and founder of multinational conglomerate SoftBank Group, Masayoshi Son, reportedly lost over $130 million with his bitcoin (BTC) investment, the Wall Street Journal reports on April 23. Per the report, people familiar with the matter claim that Son made the investment at the recommendation of Peter Briger, the co-chairman of asset management company Fortress Investment Group. Fortress Investment reportedly bought bitcoin in 2013; when SoftBank bought Fortress in February 2017, its holdings (including crypto) were worth more than $150 million. However, Son reportedly invested in the coin when…

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Bitcoin 

Japanese Regulator Conducts Flash Inspection of Huobi Japan, Fisco Exchanges

Japan’s financial regulator has reportedly investigated two domestic cryptocurrency exchanges to check consumer protection and legal compliance, Cointelegraph Japan reported on April 23. According to anonymous source originally speaking to Reuters, the investigation by the Financial Services Agency (FSA) on April 17 involved trading platforms Fisco and Huobi Japan, the local off-shoot of Chinese exchange Huobi. Fisco Digital Asset Group (FDAG) has been working with Tech Bureau Inc., the operator of the previously hacked Zaif exchange, to officially transfer the business to the former group. Both the Fisco and Huobi…

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Bitcoin 

Japanese Cryptocurrency Exchange Zaif to Resume Activity Seven Months After Hack

Japanese cryptocurrency exchange Zaif announced that the transfer of the business from Tech Bureau to Fisco Digital Asset Group (FDAG) will become effective on April 22, and that normal activity will resume on the next day. Cointelegraph Japan reported on the developments on April 20. Bitcoin (BTC), bitcoin cash (BCH), and monacoin (MONA) were stolen from the exchange in a hack in September last year, resulting in total losses of cryptocurrencies worth 6.7 billion yen (around $59.8 million). With the acquisition, which is a part of the user compensation plan,…

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Bitcoin 

Bithumb Exchange Operator Reveals Plans for US, Japanese Markets

The CEO of Singapore-based Blockchain Exchange Alliance (BXA) — which has a controlling stake in major South Korean crypto exchange Bithumb — has revealed plans to expand to the American and Japanese markets. The news was reported by Cointelegraph Japan on April 18. BXA CEO BK Kim told Cointelegraph Japan in an interview that BXA’s strategy is to pursue a so-called reverse merger route by acquiring a publicly-traded company that is already listed on either Nasdaq or the New York Stock Exchange (NYSE). The route can be a faster way…

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Bitcoin 

Japanese Regulators to Introduce New Rules Regarding Exchanges’ Cold Wallets

Japan’s Financial Services Agency (FSA) will reportedly introduce new rules regarding cold wallets for storing cryptocurrencies at crypto exchanges, Reuters reported on April 17. Citing a source familiar with the matter, Reuters reports that the country’s financial regulator will reportedly require cryptocurrency exchanges to strengthen internal supervision of cold wallets — devices for storing digital currency which are not connected to the Internet. By implementing the new regulation, the FSA purportedly addresses the difficulties of ensuring the security of digital currencies and other risks for the country since it intends…

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