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Crypto exchange Huobi is entering the Japanese market by acquiring a majority stake in one of the 16 government-approved crypto exchanges in the country. The company says it plans to “aggressively scale this trading platform into the largest in Japan,” with an eye on global expansion in the future. Also read: 160 Crypto Exchanges Seek to … Read more
Japanese mega e-commerce and internet company Rakuten Inc. is entering the crypto space. Instead of submitting a new application to the country’s financial regulator, Rakuten is acquiring an existing crypto exchange to fast-track into the Japanese crypto market. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Rakuten to Operate Crypto Exchange Rakuten Inc. announced … Read more
In today’s edition of Bitcoin in Brief we cover stories about John McAfee refusing to acknowledge his “unhackable” wallet has been hacked after tinkerers were able to install Doom on the device, Coinbase wanting to become a verified identity service, and more. Also Read: Bitwise Launches Three New Cryptocurrency Market Index Funds McAfee Refuses to … Read more
In today’s edition of Bitcoin in Brief we cover stories about Shapeshift acquiring Bitfract, Bitmain investing in Tribeos, a dozen regulators from around the world setting up a global fintech sandbox and an ICO mogul reportedly buying a soccer team. Also Read: Crypto Tax App Libra Raises $15M in Series B Funding Shapeshift Acquires Bitfract … Read more
In today’s edition of Bitcoin in Brief we cover the stories about how NFL players can start to earn some extra cryptocurrency, McDonald’s latest publicity stunt called Maccoin, former US president Bill Clinton to speak at Swell by Ripple, and Binance’s acquisition of Trust Wallet. Also Read: Security Researchers Attack McAfee-Backed Wallet for “Unhackable” Claims … Read more
Justin Sun, the founder of “decentralized web” altcoin Tron, has reportedly taken over Bittorrent Inc, the San Francisco-headquartered company founded in 2004 to manage the ongoing development of the Bittorrent peer-to-peer file sharing protocol. Also Read: Bitcoin in Brief Tuesday: POT Saves World, Coinbase Pumps ETC, Binance Wants EUR TRX Founder Buys Bittorrent Justin Sun, a former … Read more
In today’s Bitcoin in Brief – Zencash has lost $550,000 in two double-spend transactions following a 51% attack on the network. Developers have taken measures to increase the difficulty of future attacks. The event-ticketing platform Ticketfly is also trying to recover from a hijack. 26 million accounts have been reportedly compromised by a hacker who … Read more
Coinbase is one of the bigger household names in the world of cryptocurrency. The company is best known for offering its cryptocurrency exchange services to consumers from all over the world. However, even major companies have to keep evolving. As such, the firm recently acquired one of its smaller competitors, Paradex. An Interesting Acquisition by … Read more
Japanese exchange Coincheck is still profitable after suffering one of the biggest hacks in cryptocurrency history. The exchange recorded an estimated writedown of 47.3 billion yen (~US$432.56 million) for the funds used to compensate customers. Victims, however, were slapped with tax bills. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space A Writedown for Coincheck … Read more
The bitcoin exchange industry is widely considered to be in a process of transition, with big players stepping in and acquisitions leading to greater consolidation. As such it is not surprising to hear that Bitstamp is on the shelf, although a rumored buyer now denies it. Also Read: Bitcoin in Brief Wednesday: Crypto Leakers, … Read more
