132 Crypto Investors file lawsuit against CoinCheck after hack

In a recent report by Japanese media outlet, Sankei, it was stated that 132 cryptocurrency investors filed a lawsuit again CoinCheck, the Tokyo based Bitcoin Exchange.       “Five customers and two corporations already filed a lawsuit seeking a refund of 12 virtual currencies themselves in the district court. The defense team tabled the payout of 13 kinds of currencies deposited by 132 persons, the payment of 100,000 yen each”   Japanese cryptocurrency exchange Coincheck announced on Friday, Jan. 26, that it is suspending all withdrawals after a Ripple payment worth…

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Free Bitcoin at Japanese Exchange

TOKYO (Reuters) – A blunder at a Japanese cryptocurrency exchange let investors briefly buy bitcoins for free – though none were able to profit from the mistake.     Reuters reported that Zaif, a government-registered exchange run by Osaka-based Tech Bureau Corp, said on Tuesday that a system glitch had let seven customers buy bitcoin with no yen value during a 20-minute window last week.   The trades were voided by the exchange but the issue was unresolved as one customer tried to transfer the purchased Bitcoin.   Full Story:…

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Bitcoin chaos in Japan as Coincheck freezes all Withdrawals

Japanese cryptocurrency exchange Coincheck announced on Friday, Jan. 26, that it is suspending all withdrawals after a Ripple payment worth $123mln left its wallet as well as a transaction of 500 million NEM (XEM) worth around $600 million at the time.   The sudden announcement sent a shockwave through the trading community and Cryptocurrencies slumped after one of Japan’s biggest Bitcoin venues halted client withdrawals in a country that’s still wary of crypto exchanges four years after the collapse of Mt. Gox.   No Explanation: Coincheck Inc., based in Tokyo,…

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Bitcoin Support in Japan Rapidly Escalating

Since the Japanese Government legalized Bitcoin as a payment system, the adoption of the cryptocurrency by the people, the value increase as well as the dominance of the Yen in the global traded volume has been rapidly escalating.       BTC Volume by Currency     Price Chart   Japan Driving Government Adoption   Collect your FREE PDF – The Bitcoin Believers Business Manifesto Please leave your questions and comments below: What is EOT?  Learn more by clicking on the image BELOW   Introducing the World’s First Blockchain phone,…

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Who is Buying Bitcoin?

The Bitcoin price and value continue to rise and this week has seen Bitcoin drive past the $5000 level, a new all-time high. Interesting to note that Japan leads the current 24-hour ranking.   #1 Japanese Yen – 54.54% #2 U.S. Dollar – 26.64% #3 Chinese Yuan – 8.23% #4 South Korean Won – 6.11% #5 Euro – 3.01%   In 2016, reporting showed that most of the trading was coming from China, however, since the People’s Bank of China imposed strict regulations on the crypto exchanges in the country, the percentage…

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Bitcoin News 24 August 2017 – Bitcoin’s SegWit Finally Activated

Bitcoin news today which leads with SegWit being activated – bringing the years-long debate over the “contentious code upgrade to an official close”. Now the next discussion and agreement looms – doubling the blocksize from 1Mb to 2 Mb – all this to allow Bitcoin to scale and reduce transaction time.       Other News headlines:-   The Yours Network Switches from Litecoin to Bitcoin Cash for Cheaper Micropayments – Initially launched with Bitcoin but transaction fees became too high to justify micro payments.   Blockchain-driven digital identity fraud…

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Bitcoin News 23 August 2017 – Japan’s Bitcoin Boom – 50 Bitcoin Exchanges Register with FSA

Bitcoin News today and further to Japan legalizing Bitcoin in April 2017, approximately 50 Bitcoin Exchanges have registered with the Japanese Financial Services Agency and all will be reviewed. There are startups that operate Bitcoin exchanges like Bitflyer and Coincheck, however, there is also a growing number of large corporations adding Bitcoin exchanges as part of their services.   Since the Government legalized Bitcoin as a payment system in Japan, adoption by merchants, consumers, institutions, and investors have soared. The Japanese Yen continues to dominate Bitcoin trading volume globally. More…

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Bitcoin News 21 August 2017 – Japan Driving High Consumer Demand for Bitcoin

In the Bitcoin news today with the leading story that Japan’s top customer-to-customer (C2C) ticket exchange marketplace, Ticket Camp will be the first in the Japanese ticket industry to accept bitcoin.   The site has about 5 million users and processes approximately 5.8 billion yen per month – all of these users will now be exposed to Bitcoin thus creating more demand. In recent months, the Japanese Yen has dominated Bitcoin trading as more than 50% of Bitcoin has been traded in the currency. Bitcoin growth in the past two…

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Bitcoin News 5 July 2017 – Bitcoin Scaling Looms – Countdown Dates to Watch

Bitcoin News Review and the Major news from today’s headlines – Countdown to SegWit: the Dates to Keep an Eye On;  Deloitte and Waves Platform have partnered and believe they will shape the future of the blockchain.     Countdown to SegWit: The dates to keep in mind:- July 14: BTC1 Deployment July 21: BIP91 Signaling to Start July 23 (at the earliest): BIP91 Lock In July 25 (at the earliest): BIP91 Activation July 29: BIP91 Deadline July 31: BIP141 Deadline August 1: BIP148 Activation For more info, go to the full…

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Bitcoin News 4 July 2017 – Hackers Extort $28 million in Cryptocurrencies

Bitcoin News Today – 4 July 2017 Major Headlines from today’s news: – FBI Says Hackers Managed to Extort $28 Million in Cryptocurrencies, GOLDMAN SACHS: Bitcoin could see a big drop then surge to almost $4,000         FBI Says Hackers Managed to Extort $28 Million in Cryptocurrencies – In the annual report of 2016 just released, the following was noted:- – Over 17,146 individual cases of extortion were recorded – Online crimes include DDoS attacks – Reported online crimes rose 3.7% in 2016 with most affected countries being the…

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