This week’s headlines from Japan included Rakuten Wallet, GMO Coin and DMM crypto exchanges achieving regulatory registration, SBI Holdings’ VC Trade exchange announcing a 1,700% increase in fiscal year pre-tax profit, and SBI Holdings’ CEO calling out the supply chain amid the coronavirus pandemic. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Japanese exchange gains financial instruments license Crypto exchange, Rakuten Wallet, now holds status as a Kanto Finance Bureau-registered operation, “as a first-class financial instruments business operator based on the Financial Instruments and…
Month: May 2020
OmiseGO’s Parent Company Changes Name to SYNQA
Asian fintech company Omise Holdings, now goes by the name SYNQA. “Forging into 2020, this new corporate identity reinforces their position as a holding company with a portfolio of companies and as the go-to partner in Asia for all fintech and innovation matters,” an April 30 statement from SYNQA said. OmiseGo conducted its ICO in 2017 Omise, under Omise Holdings, garnered significant funds for its OmiseGo payment solution during the great crypto boom several years back. The company’s ICO ran during the summer of 2017, raising roughly $25 million from selling Ethereum-based…
Stellar Foundation and Elliptic Ink Exclusive Deal
The Stellar Development Foundation, or SDF, a non-profit tasked with fostering Stellar’s network growth, unveiled new ties with crypto risk-management operation, Elliptic, on April 30. The partnership sees the SDF calling on Elliptic’s crypto risk expertise for businesses and financial institutions based on Stellar blockchain, SFD director of communications Lauren Thorbjornsen told Cointelegraph in an April 30 email. “These services are live and available for businesses on the network today as Elliptic launched the world’s first Stellar network transaction monitoring system,” she said. What does it all mean? Essentially, Elliptic now brings…
Decentralized VPN Gaining Steam at 100,000 Users Worldwide
Blockchain-based ecosystem, Tachyon, has a decentralized virtual private network, or VPN, hosting 100,000 users as of April, according to V Systems chief architect, Sunny King. “Tachyon has started open pilot testing,” King told Cointelegraph in an April 25 email. “Features are introduced step-by-step,” he said, adding: “I’m delighted that Tachyon VPN has just reached 100,000 users globally this month and I believe that eventually it would enable a vibrant VPN service marketplace for the world.” Tachyon and V Systems go hand in hand Pseudonymous proof-of-stake, or PoS, creator Sunny King…
Is Elon Musk Selling His Bitcoin?
As part of a recent series of nonsensical tweets, Tesla’s eccentric founder, Elon Musk, expressed plans to sell all his physical possessions. Are his Bitcoin (BTC) holdings included in the fire sale? “I am selling almost all physical possessions,” Musk tweeted on May 1. “Will own no house,” he noted, adding: “Just one stipulation on sale: I own Gene Wilder’s old house. It cannot be torn down or lose any its soul.” Musk rattled off strange posts to kick off May Musk followed up his fire sale tweet with a comment…