Line’s Cryptocurrency Exchange Bitbox Begins Operations

Line Corporation, a Japanese Internet firm and the operator of the country’s most popular messaging app, have today launched their new cryptocurrency exchange platform, Bitbox. The crypto-to-crypto exchange platform, operated by Singapore-based subsidiary Line Tech Plus, allows for the trading… Continue Reading

Japan Tax Agency Says Individuals Earning $1,800+ in Crypto a Year Will Declare Tax

The Japanese NTA (Tax Agency) has announced a new strategic policy put in place by July 15th to promote and improve the environment for people and companies to spontaneously declare their virtual currency income tax returns. Also read: Japan Contemplates Scrapping… Continue Reading

Major Korean Exchange Bithumb Expanding into Japan and Thailand

One of South Korea’s largest cryptocurrency exchanges, Bithumb, is expanding into Japan and Thailand. The exchange is working on obtaining regulatory approval from the financial regulators of both countries. The new locations are part of the exchange’s global expansion plan.… Continue Reading

Japanese Police Seize Cryptocurrency for Parking Violations

Japanese police have seized cryptocurrency belonging to a man with unpaid parking fines. The police explain that the revised fund settlement law enacted in April last year allows cryptocurrency to be seized like any other asset. Also read: Yahoo! Japan Confirms Entrance… Continue Reading

Canadian Crypto Exchange Coinsquare to Launch in Japan

Canadian cryptocurrency exchange Coinsquare has announced its plan to enter the Japanese market pending approval by the country’s financial regulator. The new exchange will be launched under the Dlta21x brand. It will focus on Japan initially but has plans to… Continue Reading

The Daily: Bitmain Valued at $12 Billion, New US Crypto Exchange Opens for Business

In today’s edition of Bitcoin in Brief we cover how Bitmain’s valuation reached $12 billion, the opening of a new US-based crypto exchange, and Binance’s decision to donate $1 million to flood victims in Japan. Additionally, we explore what parts… Continue Reading

Kumamoto Electric Company and OZ Mining Corporation to Start Mining in Southern Japan

Kumamoto Electric Power Company and OZ Mining Corporation have announced that they will start operating a crypto mining farm from August, aiming to install 14,000 mining machines and reach 90 million yen profit by March 2020. Also read: Japan’s Internet Giant GMO… Continue Reading

Crypto Exchange Binance Expects up to $1 Billion Profit in 2018

Leading cryptocurrency exchange Binance expects a net profit of up to $1 billion USD this year. The trading platform has already registered about $300 million of revenue in the first half of 2018 and a five-fold increase in the number… Continue Reading

Japanese Man Exploits Free Company Electricity to Make $500 Secondary Income Mining

Trading isn’t the only way to acquire crypto. Daily SPA, a Japanese media outlet, has reported on a Japanese man using his company dormitory’s free electricity to mine cryptocurrencies without asking permission. Also read: Japan Gives Jail Sentence to Crypto Miner in… Continue Reading

Japanese Regulator Responds to Reports of Overhauling Crypto Regulation

Japan’s top financial regulator has responded to media reports that it is considering overhauling the way cryptocurrency is regulated in the country. The authority has been under fire for the inadequacy of its crypto exchange registration process after it issued… Continue Reading