Yahoo Japan plans to launch its own service for the exchange of cryptocurrencies. According to Nikkei, the company next month will acquire a 40 percent stake in BitARG Exchange Tokyo, intending to use BitARG technology at its creation in about a year. BitARG already has a license from Japan’s financial regulator, and its purchase of 40% is estimated at about 19 million dollars. If everything proves to be true, the new crypto-exchange can become one of the largest in Japan, if not itself. Yahoo is a very powerful and serious company, and Yahoo! Japan Corporation is one of the largest and most popular Internet portals in the country.
The US financial regulator is going to investigate the activity of up to 100 cryptocurrency hedge funds. It is reported that the initiative is separated from a bunch of other investigations, but the main goal is not to search for violations, but to inform. In short, the SEC wants to get a full picture of how these funds work, and at the same time fully explain the rules of the game to the funds themselves, and the possible detection of violations will be a pleasant bonus. The investigation should begin within the next two months. This was already the case, and for some reason, many people were afraid of talking about a new stage of screwing nuts. Obviously, it’s not her yet.
Japanese financial regulator today officially announced that a crypto exchange Binance issued a warning about the need to obtain a license to continue working in the country. This time, Binance CEO Changpeng Jao confirmed that a warning exists and should be received, but urged not to worry about it.
Tether is launching another $ 300 million in the market. The amount is already authorized for release, but has not yet been issued. At the moment, ~ 2.2 billion USDT has been issued, the previous issue happened on January 23, which is quite a long time ago, as previously almost 100 million tokens were released almost every week for eight months.
Supplier bitcoin and blockchain solutions Bitfury Group opens a new data center in Norway. With the blessing of local authorities, the company invested $ 35 million in infrastructure and 30 jobs. According to Bitfury, the data center operates on renewable energy. The opening ceremony was attended by the Minister of Trade and Industry of Norway, Thorbjorn Roy Iskaksen, who stated that the arrival of the company in the country offers great opportunities for local business and economic growth.
14 banks in Thailand announced the launch of a joint blockchain platform. An established organization Thailand Blockchain Community Initiative will issue digital letters of guarantee, which fix the payment obligations of customers. “With such a common infrastructure, banks do not need to invest independently. The interaction improves efficiency, reduces costs in our financial sector and meets the needs of consumers and companies, “said the head of the Bank of Thailand, Viratay Santiprakhob.
President of the United States Donald Trump signed a decree that prohibits US citizens from conducting any operations with the national currency of Venezuela El Petro, which was designed in many ways to bypass American sanctions. It will be extremely interesting to see whose economic kung fu is steeper.
What is litecoin, what is its difference from bitcoin and how this currency can change the crypto industry.
According to the official website, litecoin (LTC / USD) is “a peer-to-peer Internet currency, which includes almost zero-cost payments to anywhere in the world. Litecoin is an open source code, a global payment network that is completely decentralized and does not the controlled of any central authorities. ”
If you have heard about bitcoin (Bitcoin), then this definition will seem familiar to you. The fact is that litecoin is based on the same open source code as bitcoin, but with some technological differences. Litecoin was not created in order to replace bitcoin, but to become an additional means of payment, a kind of silver. This instruction will help you to understand the difference between the two cryptocurrencies.
Mastercard is ready to work with national cryptocurrencies. This statement was made by the executive director of the Mastercard branch in the Asia-Pacific region Ari Sarker. “As long as such currency is supported by the regulator and value, it is not anonymous and meets all legislative norms, this is a very interesting direction for us,” he said. Well forward and with the song, in the world there are so many national “crypto” and everything, as for selection, is terribly relevant.
Last Sunday, an international group of regulators said that cryptocurrencies do not pose a threat to global financial stability. In a letter published on March 18, the chairman of the Financial Stability Board and the head of the Bank of England, Mark Carney, said that at this stage of the development of crypto there is no threat in them. In particular, he wrote: “Their small size and the fact that they are not currency substitutes and very limited for use in real economy and financial transactions mean that the connection with the rest of the financial system is limited.” Well, yes, and one of the main issues on the agenda of the G20 was done, because there is nothing to discuss and nothing more. Of course, cryptocurrencies are not at the moment able to have traditional financial systems, but to call them completely insignificant – it’s silly. Truth, as always, somewhere in the middle.