This week’s headlines from Japan included real estate player Tosei and Tokyo Financial Holdings listing an asset-backed digital financial product, Cointelegraph Japan interviewing a former Japanese central bank staffer, Coinage registering as an exchange with Japan’s financial services agency, and a life insurance company testing digital asset billing transaction. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Tosei and Tokyo Financial Holdings launch a digital securities product Real estate outfit Tosei and Tokai Tokyo Financial Holdings, hold plans for a digital securities product.…
Month: July 2020
DOGE Tik Tok Pump Likely Over, OKCcoin CMO Says
Dogecoin’s (DOGE) price has fallen notably after social media enthusiasts promoted the asset for days on Tik Tok in an effort to send the asset to $1. The escapade shows signs of conclusion according to OKCoin CMO Haider Rafique. “The Doge/Tik Tok effect is really down to the vitality of the Tik Tok platform, more than the crypto industry, as it thrives off of creating viral challenges – a category in which this Dogecoin challenge fits,” Rafique told Cointelegraph on July 10. He added: “Tik Tok challenges tend to come and go…
Blockchain Changes Gaming Economics, Forte Exec Explains
During a gaming-focused Unitize digital conference panel, Mike Termezy, vice president of token economics at blockchain technology services company Forte Labs, explained blockchain can alter gaming market ecosystems. Blockchain can lay out more clearly-defined scarcity parameters in gaming During the panel, Termezy, along with gaming expert and principal at Gossamer Consulting Group, Eric Kress, discussed a number of points on the current gaming scene. Topics included comments on various gaming communities, the digital in-game products companies sell, and other aspects. After noting a number of points on blockchain application in…
Coinbase Listing News Fits With Bullish Mainstrem Market, Pomp Says
Amid a bullish mainstream market, news of Coinbase’s reported traditional stock market listing could prove timely alongside other companies similar public listing efforts. “When good times are rollin in the stock market, people want to get in there,” Morgan Creek Digital co-founder Anthony Pompliano said on an episode of his YouTube show, Lunch Money. Pompliano’s response came after a question from co-host, writer and influencer Polina Marinova, on the timing of Coinbase’s listing. Traditional markets have shown positivity as of late. The S&P 500, a common mainstream market health barometer, sits…
MIT Crypto Group Researcher Says PoW Attacks Not Always Obvious
Speaking on a Unitize digital conference panel about proof-of-work, or PoW, attacks, James Lovejoy of MIT’s Digital Currency Initiative, or DCI, said 51% attacks might not be evident, despite blockchain’s public nature. Blockchains do not always show 51% attacks at first glance, Lovejoy explained on the July 9 panel. “You need an active observer to be monitoring the network to check whether or not an attack occurs,” he said. Lovejoy has a blockchain reorganization tracker For his DCI master’s thesis, Lovejoy spun up a blockchain reorganization tracker, or reorg tracker, that…
More China’s top fintech, e-commerce startups are investing in blockchain
Despite the prolonged U.S.-China trade tensions and Covid-19’s ravaging effects on the economy, China’s tech sector continues to grow, thanks to the nation’s push for tech self-reliance. As a result, China’s tech sector currently has an R&D war chest totaling US$616 billion — and with that, continued investments in blockchain technology, according to a study on the major trends shaping the world’s largest digital economy. Image: SCMP The China Internet Report 2020, released today by the South China Morning Post, found that China’s e-commerce companies have raised a collective $2.1…
Gemini Chose to Wade Regulation In New York, Weighs in on Conditional BitLicense
Last week, the New York State Department of Financial Services, or NYDFS, proposed changes around its state-wide BitLicense legal guidelines. Gemini, a crypto exchange calling New York home, sees the NYDFS’ move as a positive. Gemini’s chief compliance officer, Noah Perlman, told Cointelegraph: “The proposed conditional licensing framework is another step the DFS is taking to help ensure this industry continues to grow and innovate — so that it becomes more accessible to more people without compromising safety or security.” The NYDFS suggested BitLicense alterations last week New York has…
OKCoin Exec Says PayPal Will Boost Crypto Adoption, If Rumors True
Rumors recently surfaced of mainstream payment giant PayPal adding crypto as an option on its platform. Although he had no additional information on the legitimacy of the rumors, OKCoin COO Jason Lau said digital assets on PayPal would further crypto adoption. “When a traditional player like PayPal, who has 325 million users, enters the crypto space, it is sure to have a positive impact in highlighting cryptocurrencies to a big new audience,” Lau told Cointelegraph via email correspondence on June 24. PayPal rumors and job listings surface Rumors hit the web…