Business

Tokyo District Court Extends Mt. Gox Rehabilitation Plan Deadline

[ad_1] The trustee of now-defunct Japanese cryptocurrency exchange Mt. Gox has extended the deadline for the submission of rehabilitation plans. According to an official announcement published on the company’s website on March 30, Mt. Gox Rehabilitation Trustee Nobuaki Kobayashi filed a motion with the Tokyo District Court to extend the submission deadline of a rehabilitation plan. On March 27, the court released an order to extend the deadline to July 1,
EXCHANGES

23 Approved Cryptocurrency Exchanges in Japan — Number Rises Amid Pandemic

[ad_1] Despite the global coronavirus pandemic, Japan continues to approve more cryptocurrency exchanges to legally operate in the country. The latest one was approved on Monday, bringing the total number of legal crypto exchanges in Japan to 23. Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget About It First Approved Crypto Exchange This Year Japan’s top financial regulator, the Financial Services Agency (FSA), registered another
Business

Kleiman Estate Calls on Former nChain CEO for Deposition in Craig Wright Case

[ad_1] After a court slammed Craig Wright for producing forged documents and giving perjured testimony in the ongoing legal circus between Wright and Ira Kleiman’s estate concerning the Tulip Trust, Kleiman’s legal team is hard at work finding a key witness. Wright’s legal team are trying to subpoena former nChain CEO Jimmy Nguyen to provide a deposition. However, it seems like they are having a difficult time tracking him down. Wright’s
EXCHANGES

Stablecoin Market Caps Swell Over $7 Billion – Volumes Surpass Most Trading Pairs

[ad_1] While most digital assets have been suffering, stablecoins have been surging since the market downturn in mid-March and tether (USDT) is capturing more than 70% of BTC trades today. Besides tether, a wide range of other dollar-pegged cryptocurrencies have also benefited this month, as the market valuation of eight different stablecoins combined is well over $7 billion. Also read: Bitcoin Mining Roundup: BTC Regains 100 Exahash, Miners Close Shop,
BLOCKCHAIN

Binance Academy Launches Blockchain Accelerator in China

[ad_1] Binance Academy, the educational arm of leading crypto exchange Binance, announced the establishment of a blockchain research institute in Shanghai on March 30.The Lingang Blockchain Technology and Industry Research Institute is intended to operate as a think-tank and talent hub for distributed ledger technology (DLT) innovation in China.Binance to integrate blockchain with other innovative technologiesTo accelerate the application of DLT in China, Binance’s blockchain institute plans to integrate blockchain
Business

Singapore Crypto Exchange Eyes US Expansion After Registering With FinCEN

[ad_1] While global cryptocurrency firms increasingly come to Singapore to benefit from its crypto-friendly ecosystem, some local firms are also expanding their operations beyond local jurisdiction.Bitget, a Singapore-headquartered digital asset platform, has obtained regulatory approval from the United States Financial Crimes Enforcement Network (FinCEN), the primary regulator for money service businesses in the country.MSB license is part of Bitget’s strategy to be compliant in “as many regions as possible”According to
EXCHANGES

Safeguarding Investments: Cryptimi.com Offers the Solution

[ad_1] Anyone venturing into the digital currency scene understands the significance of performing analyses to evaluate potential gains. Security breaches and hacking are a constant risk when it comes to the realm of cryptocurrencies. Nevertheless, the level of security and protection offered by the trading platform chosen is often overlooked. Consequently, this oversight has so far resulted in a loss of approximately $4.26 billion. Whenever scammers or hackers are successful
BLOCKCHAIN

Ubisoft and MakerDAO to Sponsor Blockchain Gaming Alliance Under New Leadership

[ad_1] The Blockchain Game Alliance (BGA) announced on March 30 the appointment of Sébastien Borget as President, while further adding that companies like Ubisoft, AMD, Animoca Brands, and MakerDAO have returned as sponsors for 2020.According to the announcement, the BGA — a coalition of 90 game and blockchain companies advocating for blockchain technology within the gaming industry — will seek to strengthen blockchain adoption to expand player capabilities without any
BUY/SELL

Capitulation? BTC Battered by Biggest Mining Difficulty Drop Since 2011

[ad_1] Bitcoin (BTC) currently sits at $6,370, a slight recovery from the March 27 pullback which saw the price drop nearly 9% in 4 hours. Despite showing some bullish signs, Bitcoin is still down nearly 30% since last Friday.As previously reported by Cointelegraph, the crash may have been caused by the recent mining difficulty adjustment of nearly -16%. The difficulty adjustment is how the Bitcoin network adapts to the changing
BLOCKCHAIN

China’s Oldest Exchange OKCoin Readies for Move Into Japan

[ad_1] OKCoin, one of the oldest exchanges in China, is continuing its crypto exchange business expansion, announcing on March 30 that it has officially secured licensing in Japan.OKCoin has been anticipating this dayPer its announcement, OKCoin Japan has completed its registration with the Kanto Local Finance Bureau. According to the firm, this makes OKCoin the first international exchange to obtain a cryptocurrency exchange license through the official application procedure in