Cryptocurrency News From Japan: May 31 - June 6 in Review

Published at: June 6, 2020

This week’s headlines from Japan included Coincheck updating the public on a recent data leak, a blockchain tech outfit unveiling plans for a digital local currency, BitBank facing a breach similar to Coincheck, the Japan STO Association gaining its first full-time trust bank member, and Japan achieving the second highest 24-hour Bitcoin trading volume numbers for May.  

Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan.

Coincheck updates public on user data leak 

Tokyo-based crypto exchange Coincheck faced a hack between May 30 and June 1, leading to  hundreds of users' leaked data. The leak involved "Ome.com," the exchange's web address filing outlet.

Original numbers showed 200 customers affected. An update from Coincheck revealed leaked infomation from 300 users. Data at risk of exposure included email addresses, names and phone numbers, as well as other information. 

Blockchain tech company announces plans for local digital currency

Japan saw plans for a new local digital currency recently, unveiled from Soramitsu, a Japanese blockchain tech company. Named Byacco, which translates to "white tiger," the company will utilize University of Aizu in Fukushima for the endeavor. 

The token sits on Hyperledger Iroha — a blockchain built by Solamitsu.

BitBank sees similar hack as Coincheck, but no data leak 

BitBank faced a hack similar to Coincheck, although no customer data was reportedly leaked. A perpetrator gained unapproved entry to the outfit's web address filing company and altered the exchange's information on May 27.

BitBank looked into the scene, fixing the information on May 29. 

Japan STO Association Gains Sumitomo Mitsui Trust Bank

Japan's STO Association saw Sumitomo Mitsui Trust Bank enter as the group's inaugural full-time trust bank member.

Coming to life with regulatory approval in April 2020, the Japan STO Association is a security token offering, or STO, self-regulating body. The association now boasts 10 full members, including SBI Securities, Rakuten Securities and Monex. The endeavor also includes a number of supporting members. 

Japan posts second highest daily global Bitcoin trading volume

Japan recently posted the second highest average 24-hour Bitcoin (BTC) trading volume in terms of global rankings for May, according to Coinmetrics data. The U.S. yielded the highest daily BTC trading volume. 

Japan saw roughly $380 million worth of yen, on average, traded in Bitcoin every 24 hours throughout May. 

Tags
Trading
Business
Cryptocurrency Exchange
Digital Currencies
Japan
Soramitsu
Coincheck
Bitbank
Related Posts
Singapore’s largest bank reportedly launching crypto trading and custody
DBS, Singapore’s largest retail and commercial bank, seems to be entering the cryptocurrency space with three new offerings. According to information seen by Cointelegraph, DBS is launching cryptocurrency trading and custody as well as a platform for conducting security token offerings. A description of the offering and its components appeared briefly on DBS' website before being removed minutes later. DBS’ upcoming crypto service — the DBS Digital Exchange — will support five major cryptocurrencies including Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH) and Ethereum Classic (ETC). Supported fiat currencies include the United States dollar, the Singapore dollar, the Hong …
Bitcoin / Oct. 27, 2020
Cryptocurrency News From Japan: June 21 - June 27 in Review
This week’s headlines from Japan included SBI announcing a digital asset investment fund, Bitflyer Holdings using blockchain for shareholder meeting voting, Japan's Financial Services Agency warning two unregistered crypto exchanges, a Japanese digital asset exchange self-regulatory group changing chairmen, and Coincheck announcing launch details for its digital shareholder meeting platform. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. SBI unveils a crypto investment fund As an option for individual participants, Japanese financial services entity SBI Holdings expects to form and open Japan's first digital asset fund at some point over the next few …
Business / June 27, 2020
Coincheck Halts Crypto Remittance to Investigate Latest Data Breach
Major Japanese cryptocurrency exchange Coincheck has suffered a data breach involving unauthorized access to the platform’s domain registration service. Coincheck is one of the world’s oldest crypto exchanges. They suffered a $500 million hack in 2018, which is considered to be the biggest crypto theft in history. The exchange has now encountered another apparent attack that could lead to customers’ personal data and emails being leaked, Cointelegraph Japan reports June 2. Deposits and withdrawals operate while remittances are halted Announcing the incident on Tuesday, Coincheck said that the breach had “no impact on the customer's assets” this time. However, Coincheck …
Business / June 3, 2020
Cryptocurrency News From Japan: August 2 - August 8 in Review
This week’s headlines from Japan included Coincheck readying its digital shareholder meeting solution, GMO Coin announcing negative leverage trading fees, Decurret testing transactions with a power company, Japanese authorities proposing tax changes, and Japanese finance company FISCO developing apps for shareholder voting and staking. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Coincheck setting up for digital shareholder service As Tokyo-based crypto exchange Coincheck readies its new digital meeting avenue, the exchange's co-founder expressed confidence in the project. Known as Sharely, unveiled in June 2020, the digital shareholder gathering solution allows for participant …
Business / Aug. 8, 2020
Cryptocurrency News From Japan: March 22-28 in Review
This week’s headlines from Japan included Bitbank adding smartphone compatibility for identity verification, Fobi Japan announcing leverage trading, Coincheck announcing order limits, Rakuten Wallet announcing margin trading, and product trading company Marubeni testing blockchain for tracing steel pipes. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. BitBank launches smartphone ID verification Japan-based crypto exchange, BitBank, recently added smartphone compatibility for its Know Your Customer, or KYC, practices. Using their smartphone cameras, customers can now snap pictures themselves and related required paperwork for verification. At present, BitBank is only compatible with Apple’s iOS, although …
Blockchain / March 28, 2020