SBI Holdings, a Japanese company with major banking subsidiaries including SBI Securities, SBI FXTRADE, and SBI Virtual Currencies, has received the green light from Japanese regulatory authorities to move forward with their partnership with US-based Ripple in order to launch a new joint venture called SBI Ripple Asia. The newly approved venture has been in…
SBI Remit, a Japanese money transfer company, is teaming up with a venture-backed firm to use its new treasury management service that uses the blockchain for increased transparency and liquidity to small and medium-sized businesses operating between Japan and Africa. SBI Remit and BitPesa The service is provided by BitPesa, which has raised $10 million to…
Japan, often fondly referred to as the ‘Land of the Rising Sun’ has this year increasingly become the ‘Land of rising crypto theft,’ with a new report suggesting that the yen equivalent of $540 million has been stolen during the first six months of the year. $540 Million in Crypto Theft in 2018, Says Japan’s…
Another hacking attack has hit a known crypto exchange in Japan, and this time, thieves managed to steal around $60 million in crypto. Another Crypto Exchange Hack The popularity of attacks on crypto exchanges seemingly continues to grow, with another such exchange being hit just recently, in Japan. It is largely believed that such incidents…
Grandshores Technology Group, a Hong Kong-based public blockchain investment company, is planning to raise $12.7 million through a digital token fund in an effort to finance a yen-backed cryptocurrency project. More Stable Coins Into The Crypto Pot Grandshores Technology was initially a contracting company that pivoted to the blockchain industry after being acquired by SHIS,…
Asia’s seventh largest economy Taiwan has pursued friendly regulation for crypto and blockchain companies, as the government recognized the potential of blockchain technology in bolstering the economic growth of the country. This year, Malta, described as the “Blockchain Island,” established a new trend of implementing favorable policies for crypto startups to enlarge the cryptocurrency market.…
The payments network Ripple could be about to pick up a large share of the Japanese currency transfer market. The firm is looking to launch the MoneyTap application with support from the SBI Ripple Asia Japanese Bank Consortium later this year. MoneyTap App Looks to Reduce Fees Associated with Traditional Money Transfer Services Although the…