Crypto Markets News 

South Korea Pushes Ripple Price Up 71%, as Japanese Banks Conduct Payment Trials

“The South Korean cryptocurrency market has pushed the Ripple price up 71 percent over the past 24 hours, triggered by the Ripple blockchain-based payment trial conducted by Japanese and South Korean banks” writes unknown author for cryptocoinsnews.com. Cross-border payments between South Korean and Japanese banks will be begin on January 31, if pilot tests throughout December are successfully conducted.Since the beginning of 2017, Ripple Labs have made significant process in assisting major banks and financial institutions to adopt the Ripple blockchain technology.Bithumb, Korbit, and Coinone, three of the largest cryptocurrency…

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American helicopter window falls on Japanese school sports ground

“A window fell out of a United States helicopter and landed in a school sports ground in southern Japan in an incident likely to fuel tensions between military and residents” writes Danielle Demetriou for telegraph.co.uk. This is a regrettable incident and we apologize for any anxiety it has caused the community.”.  Source: telegraph.co.uk Share This:

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Crypto News 

Japanese retail investors are major force in Bitcoin boom

“Trading at Japanese major bitcoin exchanges grew to 4.51 million bitcoin in November from 1.19 million in April” reports venturebeat.com. Both of those delivered massive gains to Japanese retail investors before plunging sharply.Japan’s global share of the bitcoin market jumped after a clampdown this year by Beijing saw bitcoin trading in yuan almost entirely disappear.A lack of major institutional investors is providing retail investors a rare chance to become dominant players, with primitive pricing leaving opportunities for savvy traders, market participants say.According to data compiled by Jpbitcoin.com, a Japanese bitcoin…

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Crypto Markets News 

Multi-Billion Dollar Japanese Tech Conglomerate to Pay Employees in Bitcoin

“GMO Internet Inc., a multi-billion dollar Japanese technology conglomerate, will process salaries of its 4,710 full-time employees in bitcoin” writes unknown author for cryptocoinsnews.com. At first, GMO Internet will limit the amount of bitcoin employees can receive on a monthly basis to 100,000 yen, around $881.At the time, GMO emphasized that the Japanese cryptocurrency market could reach a market valuation of 1 trillion Japanese yen (JPY) in the next few years, expressing their optimism towards the exponential growth rate of the Japanese cryptocurrency market.In October, GMO revealed the company’s long-term…

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Crypto Markets News 

Blowing bubbles: Boom and bust from bulbs to bitcoin…

“A lesser known tale of boom-and-bust is the Beanie Baby craze that occurred around the same time as the internet bubble” writes Richard Carter for yahoo.com. Some fear Bitcoin could become a new bubble (AFP Photo/Karen BLEIER) Tokyo (AFP) – Virtual currency Bitcoin — or “digital gold” to its fans — has enjoyed a gravity-defying rise along with wild price swings, sparking fears it could be the latest financial market “bubble.”. The financial wizardry fuelled a housing market boom as speculators snapped up houses they never intended to live in…

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Japanese FSA gets increasing number of enquiries about virtual currencies

“There are 159 reports about fraudulent investment solicitation, and 107 of these reported financial losses as a result of this solicitation” reports financefeeds.com. According to the data, the FSA’s Counseling Office for Financial Services Users received a total of 685 investor enquiries about virtual currencies in the quarter to September 30, 2017.Virtual currencies spark a growing number of questions among investors in Japan. Source: financefeeds.com Share This:

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Millions in Tokyo to take part in nuclear attack exercise…

“Millions of residents of Tokyo are to take part in evacuation drills simulating a North Korean nuclear attack on the Japanese capital” writes Carl Baudenbacher for telegraph.co.uk. The national and city governments are to carry out a series of exercises between January and March to prepare for a potential attack on Tokyo, the Sankei Shimbun newspaper reported, the first time that a major Japanese city will have carried out responses to a simulated attack. Shinzo Abe, the prime minister, has also called in local governments throughout the country to identify…

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Crypto Markets News 

Japan’s bitFlyer Exchange Obtains a BitLicense to Expand Across the US

“This Japanese exchange has quickly made a name for itself in recent months” writes Jp Buntinx for livebitcoinnews.com. With this license, the Japanese exchange can offer its services across several dozen US states.It will be interesting to see the Japanese exchange with other established companies in the US. Coinbase, GDAX, Gemini, and Bittrex are some of the companies dominating that market right now. Source: livebitcoinnews.com Share This:

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