Blog Archives

Global Crypto News Roundup: Updates from the U.S., Hong Kong, Korea, and Japan

Posted on 9th February, 2018

U.S.A.: This week, the U.S. Marshals Service confirmed the sale of more than 3,600 bitcoin — roughly $31 million at current prices — to five winning bids in a recent auction. This is the first auction of seized bitcoin since 2016, when the agency sold the remaining 2,700 bitcoins of the 144,000 BTC seized from […]

Coincheck Hacked For $535 Million In NEM Tokens

Posted on 26th January, 2018

In a stunning announcement made earlier today, Tokyo-based cryptocurrency exchange Coincheck revealed that the company was the victim of the largest cryptocurrency heist in history. According to a report published by Japanese newspaper Asahi Shimbun (and translated by Coindesk), the hackers made off with over 500 million NEM (XEM) tokens, worth roughly $535 million (58 […]

Asian giants new regulations for the cryptocurrency market

Posted on 8th January, 2018

Since late November 2017, South Korea has looked to regulate cryptocurrency trading in domestic exchanges. South Korea’s primary financial regulator is in discussions with counterparts in China and Japan toward the regulation of cryptocurrencies like bitcoin. South Korea is the world’s third largest market in bitcoin trading, after Japan and the U.S., and the largest […]

Coincheck aims to bring full-service bitcoin platform to Japan

Posted on 11th September, 2014

Is bitcoin finally gaining traction in Japan? Even before the collapse of Mt.Gox, the country has been equal parts skeptical and disinterested in the cryptocurrency concept. In June, the country’s ruling party issued a statement claiming that there was no need to create bitcoin regulation, referring to the Japanese bitcoin industry as a “sprout.” If […]

Kraken to launch Japanese exchange

Posted on 17th August, 2014

San Francisco-based cryptocurrency exchange Kraken is no stranger to the international bitcoin market. Although the company is based in the U.S., the exchange doesn’t do much business in dollars, preferring instead to avoid the finicky, risk-averse, account-closure prone American banking system as much as possible. While most of its business is in euros, Kraken’s founder […]

Report: Tokyo police announce formal Mt.Gox criminal investigation

Posted on 30th July, 2014

In a report published today by the Wall Street Journal‘s MoneyBeat blog, the Tokyo Metropolitan Police Department said it was launching a formal investigation into the loss of nearly 850,000 bitcoins from the long-shuttered Mt.Gox exchange. Given the size of the heist, and the extraordinary level of coverage the collapse of Mt.Gox has seen both […]

Mt.Gox creditors meeting provides little news

Posted on 23rd July, 2014

A closed-door meeting of Mt.Gox customers and other creditors held today in Tokyo provided little solace to those who lost their funds on the shuttered bitcoin exchange. The meeting provided those burned by the exchange their first face-to-face interaction with Mt.Gox CEO Mark Karpeles, who gave a brief apology for the situation but otherwise left […]

Report: CEO of Japanese online retail giant Rakuten says company will accept bitcoin “sooner or later”

Posted on 15th July, 2014

In a speech published by Japanese newspaper Mainichi Shimbun, Rakuten CEO Hiroshi Mikitani mentioned his company’s likely integration of bitcoin payments later this year. Speaking to a meeting of Rakuten Ichiba (Rakuten Marketplace) e-commerce merchant partners, Mikitani said that the “internet revolution” was accelerating, and that Rakuten will “sooner or later” start accepting bitcoin. According […]

Report: Japan opts to leave bitcoin unregulated

Posted on 19th June, 2014

Japanese lawmakers announced yesterday that they would not be implementing regulations on bitcoin or other virtual currencies for the time being. The announcement from Japan’s Liberal Democratic Party (LDP), the ruling government party in the country’s Parliamentary system, won’t be official policy until additional hearings are completed. Speaking with Reuters, LDP lawmaker Takuya Hirai said: […]

Proposed Mt.Gox plan slapped with objection by CoinLab

Posted on 27th May, 2014

Long before Mt.Gox revealed that lost hundreds of millions of dollars in customer funds due to bad coding, security issues and negligence, the Tokyo-based exchange was involved in another high-profile case with Seattle-based virtual-currency startup CoinLab. With a proposed plan to settle most of Mt.Gox’s bankruptcy debits working its way through the international legal system, […]