18-Year-Old Japanese Hacker Arrested for $135K Cryptocurrency Theft from Monappy

18-Year-Old Japanese Hacker Arrested for $135K Cryptocurrency Theft from Monappy

An 18-year-old Japanese boy, whose name is kept by the police because he is a minor, was handed to prosecutors over ¥15 million worth of cryptocurrency (around $135K) theft last year by taking advantage of vulnerabilities presented in the cryptocurrency wallet website Monappy. Local news outlet The Japan Times also reported that the case is one of its kind in Japan; this is the first time that criminal charges have been filed against a hacker…

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Sony and Fujitsu to Combat Fake Japanese Proficiency Documents with New Blockchain Platform

Sony and Fujitsu to Combat Fake Japanese Proficiency Documents with New Blockchain Platform

Thanks to the unique features of blockchain technology, Sony is ready to combat the spread of fake Japanese language proficiency documents in Japan. This measure is indeed called for due to the notorious use of fake documents by foreign students who look to study in Japan. For those who do not know, foreign students who intend to study in Japan are required to take a Japanese language proficiency course in their home country. To certify…

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Mizuho Financial Group Rolls Out the ‘J-Coin Pay’ Stablecoin to Enter the Crypto Payment Race

Mizuho Financial Group Rolls Out the ‘J-Coin Pay’ Stablecoin to Enter the Crypto Payment Race

As the new kid in the block, there is always the question of what you have to make you stand out in a block crowded already. And that is the question on everyone’s lips as the Japan-based Mizuho Financial Group joins the many digital currency outlets in Japan. The company announced on Feb. 21 that it is set to release a Yen-pegged digital currency stablecoin that it has in the works for quite some time….

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Japanese Megabanks Abandon Blockchain P2P Remittance Joint Venture; Each Bank Goes Solo on Crypto

Japanese Megabanks Abandon Blockchain P2P Remittance Joint Venture; Each Bank Goes Solo on Crypto

Back in 2017, Japan’s three largest banking groups – Mizuho, SMFG, and MUFG – have started a joint venture of a blockchain-based peer-to-peer remittance service linked to mobile phone numbers email addresses. At the time, the global digital payment market was valued at USD $2,898.54 billion and is expected to grow to USD $6,490.72 billion by 2023 along with a CAGR of 13.7%, during the FYs 2018-2023. Moreover, the emergence of digital currencies & payment channels has…

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Japan Explores Crypto ETFs after Snubbing Bitcoin Futures

Japan Explores Crypto ETFs after Snubbing Bitcoin Futures

Cryptocurrencies have had a rough 2018. A yearlong sellout has been crushing for a large portion of the investors who were hoping for prices to recover after the January 2018 plunge. Moreover, cryptocurrencies’ continued association with stories of fraud and money laundering related crimes have not helped in improving their image. This caused authorities across the world to clamp down on the digital assets market and block, ban or bar most of them from trading…

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Japanese IT Giant GMO Internet Quits Mining Equipment Business

Japanese IT Giant GMO Internet Quits Mining Equipment Business

The fallout from the downfall of cryptocurrency prices continues as a Japanese IT giant GMO Internet says it will stop making and selling crypto mining equipment after a year in harsh market losses. In December 2017, cryptocurrencies were at their peak; however, just a couple of weeks later, they had suffered the largest downfall in crypto market’s lifetime in January 2018. Cryptocurrencies and digital assets suffered this downtrend throughout 2018. A year of underwhelming and…

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Research: Asia Might Be the Most Influential Region in the Global Cryptocurrency Ecosystem

Research: Asia Might Be the Most Influential Region in the Global Cryptocurrency Ecosystem

A recent research by the Mosaic research team suggests that the Asian region does not get enough recognition for the vital role it plays in the global cryptocurrency ecosystem. Due to the erroneous view from major cryptocurrency headlines, nine of ten people will argue that European countries and the United States are in control of the wheels in the crypto verse, especially in terms of influencing cryptocurrency prices. This can’t be further from the truth…

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Japan Introduces Initial Coin Offering (ICO) Regulations to Protect Investors

Japan Introduces Initial Coin Offering (ICO) Regulations to Protect Investors

On December 1, it was reported that Japan’s Financial Services Agency is set to launch regulations on initial coin offerings (ICO). Japan has moved towards regulation in this area because of concerns of ICO frauds and scams around the world. The aim of the regulation is to protect Japanese investors by limiting the amount they can invest in ICOs. Additionally, businesses offering their own cryptocurrencies will be required to register with the Financial Services Agency….

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Japanese Cybersecurity Company Pinpoints Five Suspicious Transactions in the Hack into Zaif Exchange

Japanese Cybersecurity Company Pinpoints Five Suspicious Transactions in the Hack into Zaif Exchange

Security experts from Japan Digital Design (JDD) have been working on tracking down the source of the malicious hack against Zaif crypto exchange, which resulted in the theft of approximate $60 million in cryptocurrency. JDD reports that the hunt so far yielded evidences regarding five different suspicious transactions, and that the relevant data was imparted to the authorities. One of the methods that JDD employed on behalf of Zaif to learn more about such hacking attacks…

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Google to Re-Allow Crypto Exchange Ads in the U.S. and Japan

Google to Re-Allow Crypto Exchange Ads in the U.S. and Japan

It wouldn’t really surprise most people to hear that the most influential tech company in the world is Google; any tiny move that Google decides to take affects countless business entities and private individuals significantly. And indeed, when Google announced on its hermetic ban on crypto-related ads, it’s been tremendously consequential for many businesses and people that regularly conduct cryptocurrency business. Now, Google lifts its airtight embargo on cryptocurrency advertisements. Well, sort of. The Google…

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