Tag: japan

We’re hiring in Tokyo – become an editor at DowBit

Here at DowBit, we believe that Cryptocurrency is the future. Not only for the financial sector, but also for the global economy. Our mission is to publish quality content and to raise awareness for cryptocurrency by delivering stories from the world of virtual currency in a no-nonsense tone. Beginners and hardened pros alike depend on us for the latest crypto news. Who we’re looking for: Ambitious self-starter based in Tokyo with excellent writing skills and an interest in cryptocurrency markets. Duties: – translating content from English to Japanese – posting content on diverse platforms – writing articles and news...

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NEM prices take off as the cryptocurrency edges closer to widespread use

NEM investors had a good surprise this week. After slow but constant growth, the cryptocurrency has been taking off since Monday. Starting at $0.69 on December 8th, NEM broke the $1 barrier for the first time since its launch in 2015. The token reached an all-time high of $1.04 Wednesday. Though the market correction also affected NEM, the value is still hovering around $0.92 — more than 37% above last week’s price. But what exactly caused this spike? Is there a single cause, or a combination of factors that make NEM a good crypto to watch? Let’s find out. NEM DESERVES...

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Japanese Financial Services Agency to correct cryptocurrency and ICO policy?

FSA, the Japanese Financial Services Agency, has clarified its policy on cryptocurrencies and Initial Coin Offerings (ICOs). Their recent document advises the Japanese government on financial administration, and includes a chapter on cryptocurrencies. Financial Services Agency aims to protect users The FSA suggests that in order to protect users of cryptocurrency exchanges, it’s essential to regulate daily business and systems management, due to the rapidly changing nature of cryptocurrencies. It reads: Since the beginning of 2017, the virtual currency price fluctuations and various movements have been seen in the virtual currency market such as currency forking. The FSA plans to continuously monitor...

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ICO status in Japan – sensible approach towards regulation

Japan has proved many times that it’s a cryptocurrency-friendly country. In April Bitcoin was allowed as legal mean of payment, and instead of banning cryptocurrency exchanges, their functioning was regulated. Without adequate laws, ICO status in Japan wasn’t clear. However it seems that local regulatory bodies will control new token offerings using only currently existing laws. Many individuals and enterprises closely watch ICO regulatory status in corresponding countries. Offerings of new tokens are of large significance for both investors, who are looking for considerable profits, and companies who through such means are raising capital needed for development of their...

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7nm Bitcoin mining chips from Japan – ICO will fund the project?

GMO – Japanese internet group has announced their plans to start selling new generation of BTC mining chips. Funds for 7nm Bitcoin mining chips are going to be raised through ICO. GMO plans to spend 10 billion yen (almost 90 million dollars!) in total to develop ASIC chipsets and miniaturize the technology. GMO has announced earlier its plans to enter the Bitcoin mining market. The company plans to open its own mine as well as sale of their mining chipsets for other companies. ICO should help the company to get the necessary funds. According to Japanese giant, tokens will...

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