Blockchain 

Japanese Messenger Line, Nomura Holdings Form Blockchain Alliance

Japanese messaging app Line has entered into a final agreement with financial giant Nomura Holdings to form a blockchain alliance. Focus on blockchain technology On Oct. 4, Line, together with Line Group company LVC Corporation and Nomura Holdings, announced that the three companies have signed the final capital alliance agreement, which is based on the collective intent to explore business opportunities in the blockchain industry. Cointelegraph previously reported that the three partners had signed a memorandum of understanding at the end of January 2019, with the intention to sign a…

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Bitcoin 

Japanese Messaging Giant Line Rolls Out Crypto Trading Platform Bitmax

Japanese messaging giant Line launched its new crypto trading platform Bitmax on Sept. 17, Cointelegraph Japan reports. FSA approval received Following regulatory approval to operate a crypto exchange in early September, Line’s blockchain arm LVC Corporation officially introduced its newly launched crypto platform today. In accordance with previous announcement, Bitmax will initially allow users to trade five major cryptocurrencies including Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH) and Litecoin (LTC). Small transactions for newcomers With exposure to 81 million users in Japan, Line now accepts deposits and withdrawals through…

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Ethereum 

Japan Grants Crypto Exchange License to Messaging Giant LINE

LVC Corporation, the digital asset- and blockchain-focused arm of Japanese messaging giant LINE, has obtained a crypto exchange operating license from Japan’s financial regulator. The news was reported by Cointelegraph Japan on Sept 6. Trading for 5 major cryptocurrencies As previously reported, LVC Corp.’s trading platform, to be dubbed BITMAX, will enable Line’s 80 million users in Japan to buy and sell multiple major cryptocurrencies. According to CT Japan, the FSA has authorized the trading of Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and XRP on the platform.…

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Bitcoin 

Bitcoin in a ‘Bit of Consolidation’ as Institutions Line Up

Bitcoin (BTC) price may have fallen below $10,000 again but that is no reason to doubt the 2019 bull market, industry investor Mike Novogratz has said. Novogratz: Bitcoin “has had a huge run” Speaking on Bloomberg TV on Aug. 29, the founder of merchant bank Galaxy Digital noted that regardless of this week’s sideways trading, Bitcoin was still up over 200% this year.  Unlike altcoin markets, the largest cryptocurrency was in separate league, and had broadly delivered for investors.  “Bitcoin started the year at $3,800, traded at $3,500 and now…

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Bitcoin 

Japan’s Line Reportedly Close to Obtaining FSA License for Japanese Crypto Exchange

LVC Corporation, the digital asset- and blockchain-focused arm of Japanese messaging giant Line, is allegedly close to obtaining a crypto exchange operating license from Japan’s financial regulator. The news was reported by Cointelegraph Japan on June 20. According to the report, Japan’s Financial Services Agency (FSA) could issue the company with an exchange license as early as this month. The trading service, to be dubbed BitMax, would enable Line’s 80 million users in Japan to buy and sell multiple major cryptocurrencies, as well as Line’s native token Link, CT Japan…

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Blockchain 

Japan’s LINE Pay and Visa Partner on New Blockchain, Digital Payments Solutions

LINE Pay Corporation, the operator of fintech services on major Japanese messaging app LINE, is partnering with American payment services firm Visa on new blockchain and digital payments solutions. The news was revealed in a press release shared with Cointelegraph on June 6. As of Q4 2018, there were an estimated 1.66 billion Visa debit cards and 781 million credit cards in circulation worldwide. According to today’s press release, LINE counts 187 million global users monthly, with an estimated 50 million users registered its mobile payment service, Line Pay. The…

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Bitcoin 

Instant Crypto Credit Line Provider Says It Processed $300 Million in Seven Months

A crypto lender offering instant loans in more than 45 fiat currencies says it has amassed more than 170,000 users — with $300 million processed over a seven-month period. Nexo enables consumers to deposit their crypto assets into a secure wallet and instantly access a flexible credit line via automated approval and without the need for credit checks. They can then spend this credit by card or withdraw it to a bank account with a same-day or next-day transfer without incurring hidden fees or foreign exchange commissions. The platform says…

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Blockchain 

Major Messenger LINE Partners with Financial Giant to Create Blockchain Alliance

Major Japanese messaging app LINE has signed a memorandum of understanding with local financial giant Nomura Holdings to form a blockchain alliance, a press release reveals on Wednesday, Jan. 30. Nomura, which provides investment, financing and related services to individual, institutional and government customers, LINE and LVC Corporation, which oversees messenger’s digital asset and blockchain business units, will sign a formal contract by the end of March 2019. The three partners are considering establishing a financial alliance focused on blockchain. More details will be announced closer to the date, according…

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