Yuzo Kano, the co-founder of Japan-based cryptocurrency exchange bitFlyer, is seeking to reinstate himself as CEO in a shareholders meeting next month, in an apparent bid to reinvigorate what he claims is a stagnating firm. Kano resigned in 2019 following a series of management disputes but is now determined to reinvigorate the crypto firm and lead it toward an Initial Public Offering (IPO) in the coming months, according to a Feb. 26 report by Bloomberg. The former CEO also said he also wants to put Japan back on the map in the world of cryptocurrency. “I will make it capable …
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 …
BitFlyer, a Tokyo-based cryptocurrency exchange, is adding 5 new altcoins to its platforms in Europe and the United States. Five new altcoins added in Europe, three in US On Sept. 23, cryptocurrency exchange bitFlyer announced that it is adding five new altcoins in Europe: Bitcoin Cash (BCH), Ethereum Classic (ETC), Litecoin (LTC), Lisk (LSK) and Monacoin (MONA), which will be available immediately to its European customers, while bitFlyer U.S. customers will have immediate access to three of these coins: BCH, ETC, and LTC. The exchange, which is one of the oldest in the industry, pointed out that these coins were …
The Blockchain Transparency Institute (BTI) has released its latest market surveillance report which states that Kraken and Coinbase are among the cleanest cryptocurrency exchanges in the industry. BTI cleans wash trading from exchanges’ volumes On Sept. 19, the Blockchain Transparency Institute published its 5th market surveillance report that verifies reporting of cryptocurrency exchange volumes. The BTI has been publishing reports since August 2018, and through its proprietary algorithm, BTI cleans all wash trading from exchanges’ volumes. The report states: “Since the start of 2019, global wash trading has reduced by 35.7% among the real Top-40 exchanges. The process of sharing …
Five more cryptocurrency exchanges have joined the Japan Virtual Currency Exchange Association (JVCEA), according to an official announcement on Jan. 4 from the JVCEA. The JVCEA is a self-regulatory body formed in April by 16 registered crypto exchanges that aims to create industry-wide investor safety standards. In October, Japan’s financial regulator formally granted self-regulatory status to the JVCEA to oversee the crypto sector. The body, made in part as a response to the January 2018 $534 million hack of crypto exchange Coincheck, had released a set of regulatory guidelines in June, including a ban on insider trading and prohibition against …