Ethereum Startup Omise Gains Megabank Sponsor for Blockchain Coworking Space in Japan

Mizuho, one of Japan’s three so-called ‘megabanks’, will sponsor Neutrino, the country’s first blockchain coworking space established by Ethereum-based startup Omise Japan. Named ‘Neutrino’, the country’s first specialized blockchain co-working space was established by Omise in Tokyo in March this year. Omise, a Thai-based startup, sees Ethereum co-founder Vitalik Buterin among its advisors and closed

The post Ethereum Startup Omise Gains Megabank Sponsor for Blockchain Coworking Space in Japan appeared first on CCN

Date Set: Japan’s Internet Giant GMO Will Launch 7nm Bitcoin Miner on June 6

Date Set: Japan's Internet Giant GMO Will Launch 7nm Bitcoin Miner on June 6

Japan’s GMO Internet announced that it will unveil its flagship bitcoin mining machine, called GMO miner B2, equipped with the 7nm chips on June 6. Interested customers can register now for the upcoming information session.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Launching on June 6

The wait for 7nm bitcoin mining products from Japanese internet giant GMO may be nearing to a close, as the company announced Thursday:

GMO Internet Group will launch GMO miner B2, which is our own high-performance computer for mining (mining machine), on Wednesday, June 6, 2018. We will mass-produce the world’s first mining machine equipped with a cutting-edge 7 nm process based semiconductor chip (7nm mining chip; ‘GMO 72b’), which will be shipped at the end of October 2018.

Date Set: Japan's Internet Giant GMO Will Launch 7nm Bitcoin Miner on June 6
Illustration of GMO miner B2 provided by GMO.

The company has been working on research and development of the 7nm mining chip since September last year.

GMO has been using “store-bought mining computers” for its mining operation launched in December, as news.Bitcoin.com previously reported. Now it is ready to start producing its own mining equipment made with this 7nm chip, which GMO will use for its in-house mining operation as well as offer “the others to potential customers who are planning to mine,” the company confirmed.

While GMO has not released images of the real mining hardware, the company has provided some illustrative images of the GMO miner B2 currently in development.

Date Set: Japan's Internet Giant GMO Will Launch 7nm Bitcoin Miner on June 6
Illustration provided by GMO.

Interested Customers Can Register Now

“An information session for potential customers considering the purchase of GMO miner B2 will be held on Wednesday, June 6 in Shibuya, Tokyo, and we will explain the details of GMO miner B2, such as price and performance,” GMO’s announcement reads.

Date Set: Japan's Internet Giant GMO Will Launch 7nm Bitcoin Miner on June 6

There will also be an information session for the company’s cloud mining service on the same day. The sessions will be in Japanese. Registration is open to both interested customers and institutional investors. “Customers who have not registered in advance will be refused admission,” GMO emphasized.

Furthermore, GMO Internet no longer plans to use an initial coin offering (ICO) for the sale of its 7nm mining boards as announced in October last year. A representative of the company told news.Bitcoin.com, “for this mining machine sales and cloud mining, we don’t plan to utilize ICO.”

How powerful do you think GMO’s 7nm miners will be? Do you want to buy one?Let us know in the comments section below.


Images courtesy of Shutterstock and GMO Internet.


Need to calculate your bitcoin holdings? Check our tools section.

The post Date Set: Japan’s Internet Giant GMO Will Launch 7nm Bitcoin Miner on June 6 appeared first on Bitcoin News.

Japanese Crypto Exchange Continues Global Expansion – Now in Five Countries

Japanese Crypto Exchange Continues Global Expansion - Now in 5 Countries

A Japanese government-approved cryptocurrency exchange has resumed expanding overseas. Already operating in five countries with a plan to launch in more in the near future, the exchange aims to construct a global network of crypto transactions.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Building Global Network

Japanese Crypto Exchange Continues Global Expansion - Now in 5 CountriesBitpoint Japan was among the first crypto exchanges to be fully licensed by the Japanese Financial Services Agency (FSA). It is a subsidiary of Remixpoint (3825.T), a listed company on the Tokyo Stock Exchange.

Bitpoint has started a new round of expansion overseas, after entering a few countries last year. The company announced on Thursday that its Malaysian exchange has begun operations.

The Kuala Lumpur-based Bitpoint Malaysia opened its doors on May 17, offering spot trading and leverage trading. The fee for spot trading is 0.5% while leverage trading carries no fee. Deposits and withdrawals in Malaysian Ringgit are free during the grand opening. The exchange wrote:

We offer leverage of 2, 5, 10 and 25 times.

Five cryptocurrencies are supported: BTC, ETH, BCH, LTC, and XRP. Bitpoint Japan says it “will support Bitpoint Malaysia as a system and liquidity provider.”

Global Operations

Japanese Crypto Exchange Continues Global Expansion - Now in 5 CountriesIn addition to Malaysia and Japan, Bitpoint is also operating in South Korea, Taiwan, and Hong Kong. The exchange also opened an office in China in July last year before the Chinese government shut down all crypto exchanges in the country.

In addition, the exchange is reportedly preparing to enter Singapore, Thailand, and other Asian markets in the near future. Bitpoint detailed:

By continuing to provide overseas exchanges using the Bitpoint system in the future, we will continue to realize the construction of a global network of virtual currency transactions.

Tougher Rules and Competition in Japan

Since the hack of Coincheck, one of the most popular crypto exchanges in Japan, the FSA has tightened its cryptocurrency oversight. The country still has 16 fully-licensed crypto exchanges, which have recently formed an association to focus on self-regulation in an effort to rebuild public trust in the crypto industry.

However, out of the 16 “deemed dealers,” which are those allowed to operate while their applications are being reviewed by the FSA, only 8 remain. The agency recently revealed that the other 8 have indicated that they are withdrawing their applications.

Meanwhile, the agency confirmed that over 100 companies are seeking to enter the space, including Yahoo! Japan and Line Corp, which operates the popular chat app Line.

What do you think of Bitpoint’s global expansion plans? Let us know in the comments section below.


Images courtesy of Shutterstock and Bitpoint.


Need to calculate your bitcoin holdings? Check our tools section.

The post Japanese Crypto Exchange Continues Global Expansion – Now in Five Countries appeared first on Bitcoin News.

Japanese Exchange Coincheck Eyes America for Expansion

Japanese Exchange Coincheck Eyes America for Expansion         

Coincheck, the Japanese crypto trading platform that found new owners after it was hacked earlier this year, is now planning to offer services on the US market. The exchange expects to be licensed in Japan next month, according to the chief executive of Monex, the online brokerage which bought the troubled company last month.    

Also read: Coincheck Resumes Monero Withdrawals and Sales

Coincheck’s US Plans – Part of the Comeback

Japanese Exchange Coincheck Eyes America for ExpansionRecognizing the need to “study carefully” the legal framework for cryptocurrencies in the US, Japanese exchange Coincheck is planning to expand its operations and its customer base in America, building on top of over 2 million accounts in Japan. No timeframe has been specified yet, but the move is under consideration by the platform’s new management. Its operator, Coin Check Co., became a wholly owned subsidiary of Monex Group in April after losing some ¥58 billion worth of NEM (~$550 million USD at the time) in a hacker attack in January – one of the biggest heists in crypto history.

“The legal framework for cryptocurrency in the US is somehow wandering right now – money transfer, commodity, security. And, the rules are different state by state. So, we have to study this carefully. But the short answer is ‘yes’,” Monex CEO Oki Matsumoto told Bloomberg in an interview about Coincheck’s future intentions. He also revealed that the exchange, which spent a lot of funds and efforts to improve security and restore confidence, is expecting to receive a license in Japan next month. Matsumoto’s comments indicated that bringing the trading platform to the US is also part of the plans for the comeback.

Japanese Exchange Coincheck Eyes America for Expansion

For many observers, the purchase of the notoriously hacked cryptocurrency exchange for $34 million might have looked like a risky investment, but the takeover has so far proven to be a positive move for Monex. Its shares have almost doubled in price since the news of the acquisition broke in April. Doing crypto business in the US may not seem like a great idea either, given that the company comes from Japan, a country known for its much friendlier crypto atmosphere.

A Different Perspective of the West

Matsumoto, however, has a different reading of the situation as he sees favorable conditions forming in the West, including lower taxes and growing interest from institutional money managers. France was mentioned in the interview in the light of last month’s government decision to lower the crypto capital gains tax rate by more than half – to 19 percent, compared to Japan’s 55 percent.

Japanese Exchange Coincheck Eyes America for ExpansionAnother sign of the warming climate in Paris was the Finance Minister Bruno Le Maire’s statement this week that he was wrong about cryptocurrencies before. “I was a neophyte a year ago, but now I’m passionate. It took me a year, so let’s […] make France the first place for blockchain and crypto innovation in the EU,” Le Maire was quoted as saying at a meeting with entrepreneurs and representatives of the French startup Blockchain Partner. According to Bitcoin.fr, he also assured the members of the French crypto community of his “total support.”

The Japanese government does not plan any tax cuts for crypto-related incomes and gains and that, according to Oki Matsumoto, means that cryptocurrency will remain a “plaything for speculators.” Despite legalizing crypto trade last year, Tokyo has yet to determine the status of crypto-related financial products such as futures contracts, which will require some amendments to the Japanese securities law.

“Japan may seem like it’s one step ahead in crypto, but in terms of deciding what’s a security or a token, and in terms of attracting institutional investors, the US and Europe are moving ahead,” the chief executive of Monex said. In his opinion, the classification of cryptocurrencies in the United States will create regulatory clarity which is necessary to draw more investors. Matsumoto believes that the decisions US regulators take will influence the role of cryptocurrencies, in general, and have a huge impact on the crypto policies in his country, in particular.

What are your expectations for the future of crypto industries in both Japan and the US? Share your thoughts in the comments section below.  


Images courtesy of Shutterstock.


Need to calculate your bitcoin holdings? Check our tools section.

The post Japanese Exchange Coincheck Eyes America for Expansion appeared first on Bitcoin News.

MMA Fighter Mei Yamaguchi Comes Out Swinging for Bitcoin.com

MMA Fighter Mei Yamaguchi Comes Out Swinging for Bitcoin.com

On May 18, 2018, the One Championship fighter, female mixed martial artist (MMA) Mei Yamaguchi sponsored by Bitcoin.com, faced the Atomweight World Champion Angela Lee in a re-match bout called ‘Unstoppable Dreams.’

Also read: US State Issues Emergency Cease and Desist Orders to Two Crypto Investment Firms

Japanese MMA Veteran Mei Yamaguchi Enters the Ring Sporting Bitcoin.com Gear

This Friday the Bitcoin.com sponsored Japanese veteran MMA fighter Mei Yamaguchi to meet her adversary Angela Lee again, in the the mixed martial artist female championship bout of the year at the One Championship Arena in Singapore.

MMA Fighter Mei Yamaguchi Comes Out Swinging for Bitcoin.com
Mei Yamaguchi

Before the fight began the champion fighter came out sporting a Bitcoin.com t-shirt that says ‘Bitcoin Cash’ and a ‘BCH PLS’ hat as the crowd went wild over Yamaguchi’s entrance. Yamaguchi’s cold stare had shown the crowd the MMA veteran was very serious about this re-match with Lee.

As 138 countries watched during the first four rounds of the bout, it seemed Lee dominated Yamaguchi. A ton of punches and takedowns took place during the fight as each round timed out for the two Brazilian Jiu-Jitsu black belts.

MMA Fighter Mei Yamaguchi Comes Out Swinging for Bitcoin.com

Mei Yamaguchi Put Up an Excellent Fight but in the End, Angela Lee Takes the Win

The Bitcoin.com sponsored Yamaguchi threw some incredible punches at Lee but her adversary managed to come back. During the fifth and final round Yamaguchi came out swinging hard with many double leg takedowns, submissions, and threw lots of strikes from the bottom.

MMA Fighter Mei Yamaguchi Comes Out Swinging for Bitcoin.com

After the fifth round of the Unstoppable Dreams bout the judges came to the decision that the Atomweight World Champion Angela Lee had won the fight. Lee then thanked her team for their support but also stated that Yamaguchi put up a tough fight as the Japanese veteran is very experienced.

MMA Fighter Mei Yamaguchi Comes Out Swinging for Bitcoin.com

At Bitcoin.com we’re proud of Mei Yamaguchi’s efforts during the One Championship in Singapore, and we think she put up one hell of a fight.

Did you watch the Unstoppable Dreams One Championship fight? Let us know what you think of this subject in the comments below.


Images via Pixabay, One, and Youtube


Now live, Satoshi Pulse. A comprehensive, real-time listing of the cryptocurrency market. View prices, charts, transaction volumes, and more for the top 500 cryptocurrencies trading today.

The post MMA Fighter Mei Yamaguchi Comes Out Swinging for Bitcoin.com appeared first on Bitcoin News.

Japan Banking Giant Mitsubishi Goes Crypto With Own Coin

Japan’s Banking Giant Mitsubishi Goes Crypto With Own Coin

Mitsubishi UFJ Financial Group, Inc, one of the top five banks in the world, announced its intention of testing a proprietary cryptocurrency by 2019. The idea is to roll out its coin initially to a relative handful of customers, hoping they’ll participate in finding inevitable bugs as they make typical retail purchases. For Japan, it’s yet another indication the country’s business culture is betting on a crypto future.

Also read: Alec Baldwin’s Lambo Movie Backed by Crypto Tech

Japan Banking Behemoth to Test Proprietary Coin

Mitsubishi UFJ Financial Group, Inc. (MUFG; 株式会社三菱UFJフィナンシャル・グループ), after a few years of plotting (since 2015), appears ready to roll out its own crypto token, MUFG Coin by 2019. In doing so, it would become the first major bank on the planet to issue a variation on cryptocurrency. The plan involves testing MUFG Coin in 2019 with 100,000 users, hoping they will shop the token through retail outlets, everything from clothing to food.

In early 2016, Asahi Shimbun, Japanese daily, broke the story of how MUFG bundled a trial-trial with an iteration then of MUFG Coin and a smartphone app. “MUFG coin takes advantage of the new technology that is on a network of multiple smaller computers,” a company report at the time revealed. “It is possible to cheaply build a tamper-resistant transaction record of the ledger, otherwise referred to as the ‘blockchain.’”

MUFG Coin’s users in 2019 would indeed have to download an app, converting fiat deposits. The token is supposedly designed for parity with Japanese yen. When the project was hatched three years ago, one rationale was to bring down transactional frictions with regard to remittances and transfers, using a variation on peer-to-peer platforms to lower costs.

Japan’s largest bank’s crypto appetite was probably wet by participation years ago in private consortium, R3. Dozens of international banks collaborated at the time to study crypto-related solutions. Indeed, close to a dozen of those banks tested distributed ledger tech using Ethereum by way of Azure. That four continent experiment proved to bankers such as Mitsubishi crypto tech was for real.

Better than Bitcoin?

Fall of last year, MUFG president Nobuyuki Hirano insisted the bank was trying to “overcome issues of virtual currencies and create a highly useful currency.” The quote revealed two things: an acknowledgment the bank was monitoring cryptos, and how ubiquitous currencies such as bitcoin core (BTC) were becoming in Japan, which ruled BTC legal tender. 

MUFG president Nobuyuki Hirano

Various reports also claim MUFG is trying to get cooperation from other banks in its digital endeavor. If such is to come about, MUFG Coin will have to compete with J-Coin, a Mizuho bank crypto shooting for roll out during the upcoming Tokyo Olympic games (2020). And while not a bank, Yahoo! Japan has entered the space as well, and e-commerce group DMM (close to 30 million users) has already launched a cryptocurrency exchange.

Mitsubishi United Financial of Japan Group (MUFG) boasts $2.5 trillion in assets. It also ranks second in the world as a holding company, and is the largest financial group in Japan. For its part, regulators such as its Financial Services Agency (FSA) initiated a half dozen mandates aimed at squashing sketchier alternative coins while protecting the existing market.

Did you think big banks issuing their own coins is good for the ecosystem? Share your experiences in the comments section below!


Images courtesy of Shutterstock, MFUG.


Need to calculate your bitcoin holdings? Check our tools section

The post Japan Banking Giant Mitsubishi Goes Crypto With Own Coin appeared first on Bitcoin News.

200 Million Users Messaging Giant LINE Partners Blockchain Project ICON

ICON, the $1.6 billion blockchain project created by developers from South Korea, has secured an official partnership with LINE, Japan’s largest messaging app that supports more than 200 million monthly active users. LINE’s Entrance Into Cryptocurrency Exchange Market On January 31, CCN reported that LINE is set to launch a cryptocurrency exchange within 2018 with … Continued

The post 200 Million Users Messaging Giant LINE Partners Blockchain Project ICON appeared first on CCN

Exclusive: 200 Million Users Messaging Giant LINE Partners Blockchain Project ICON

ICON, the $1.6 billion blockchain project created by developers from South Korea, has secured an official partnership with LINE, Japan’s largest messaging app that supports more than 200 million monthly active users. LINE’s Entrance Into Cryptocurrency Exchange Market On January 31, CCN reported that LINE is set to launch a cryptocurrency exchange within 2018 with … Continued

The post Exclusive: 200 Million Users Messaging Giant LINE Partners Blockchain Project ICON appeared first on CCN

Japan’s GMO Gets Ready to Start Selling 7nm Bitcoin Mining Chips

Japan's GMO Gets Ready to Start Selling 7nm Bitcoin Mining Chips

Japanese internet giant GMO has updated its plans to manufacture and sell its 7nm bitcoin mining chips as well as for its own mining operations. Interested customers will soon be able to reserve some of these chips.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

GMO Readies 7nm Mining Chips

Japanese conglomerate GMO Internet Group published its first quarter results for the fiscal year 2018 last week. During the earnings results presentation, the company outlined its plans for the sale of its long-awaited 7nm bitcoin mining chips.

Japan's GMO Gets Ready to Start Selling 7nm Bitcoin Mining ChipsGMO is building two versions of the chip, dubbed V1 and V2. The former is the initial prototype of the 7nm mining chip. The latter is for mass production of the 7nm mining chips, which the company plans to use in-house for its own mining operations, sell to the public, and use in cloud mining.

V2 is now being designed and will enter the mass production phase in the fourth quarter of this year.

Sale of 7nm Chips Starting Soon

In its presentation, GMO has revised its mining business plans from the fourth quarter of last year. The company now indicates that its mining operations are initially “based on store-bought mining computers,” and in roughly June the “7nm (V1) operation” will commence and in approximately October the “7nm (V2) operation” will be underway.

As for the sale of its 7nm bitcoin mining chips, the company spokesperson told news.Bitcoin.com:

We can disclose that accepting reservation will start from Q2 onwards and launch will be Q4 onwards only at this moment.

The actual sale dates are not specified. Furthermore, the company says its cloud mining operation will be launched in June.

Japan's GMO Gets Ready to Start Selling 7nm Bitcoin Mining Chips

GMO’s Mining Business

The mining business was launched on December 20 through GMO’s European legal entity. It comprises three areas: “[1] In-house mining; [2] Develop, manufacture, and sell mining machines; [and 3] Cloud mining.”

GMO says “Hash rate is increasing as planned. Amount of mined bitcoin is increasing as expected.” The company added that it has “new businesses at multiple locations in 2 countries,” noting that its hashrate in April was 241 PH/s but is confident that it will reach the target hashrate of 3,000 PH/s by the year’s end.

Japan's GMO Gets Ready to Start Selling 7nm Bitcoin Mining Chips

In addition to its mining business, GMO also operates a crypto exchange called GMO Coin and plans to launch a crypto payment service. The company aims “to become No. 1 in the field of cryptocurrency.”

Do you want to buy GMO’s 7nm chips? Let us know in the comments section below.


Images courtesy of Shutterstock and GMO Internet.


Need to calculate your bitcoin holdings? Check our tools section.

The post Japan’s GMO Gets Ready to Start Selling 7nm Bitcoin Mining Chips appeared first on Bitcoin News.

Japanese Regulator Sees Sharp Spike in Cryptocurrency Queries in Q1 2018

Japanese consumers are filing over three times the number of cryptocurrency enquiries  in the first three months of 2018 compared to the previous quarter, figures from the country’s financial regulator reveal. According to numbers disclosed by the Financial Services Agency’s (FSA) Counseling Office for Financial Services Users on Friday, the authority fielded a total of 3,559 … Continued

The post Japanese Regulator Sees Sharp Spike in Cryptocurrency Queries in Q1 2018 appeared first on CCN

Japan’s GMO Has Mined Over 900 Bitcoins – Hashrate Doubled Last Month

Japan's GMO Has Mined Over 900 Bitcoins - Hashrate Doubled Last Month

The mining operation of Japan’s internet giant GMO has resulted in over 900 bitcoins and 537 bitcoin cash so far, as the company roughly doubled its hashrate last month. Meanwhile, its crypto exchange reported a first-quarter loss after the country’s financial regulator ordered it to improve.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Over 900 BTC Mined So Far

Japan's GMO Has Mined Over 900 Bitcoins - Hashrate Doubled Last MonthJapanese conglomerate GMO Internet released its cryptocurrency mining business report for April this week.

“We are currently mining bitcoin (BTC) and bitcoin cash (BCH),” GMO wrote. The company mined 373 BTC and 0 BCH in April. In March, it mined 295 BTC and 12 BCH and in February 124 BTC and 287 BCH. Overall, GMO has mined 906 BTC and 537 BCH so far since it began operation.

Japan's GMO Has Mined Over 900 Bitcoins - Hashrate Doubled Last Month

The group revealed that its “Hash rate rose due to the increase in the number of computers we are operating as planned.” In April, the hashrate was 241 PH/s, up from 129 PH/s in March, 108 PH/s in February, and 27 PH/s in January. The announcement details:

Hash rate is an important indicator for estimating our mining share. Our goal is to see the hashrate reach 3,000PH/s this year.

The company announced the launch of its mining business in September last year. In October, it outlined plans to launch an initial coin offering (ICO) for the sale of its “next-generation mining boards.” In January, GMO announced that it had succeeded in developing a 12nm ASIC mining chip.

GMO Coin’s Earnings Performance

Japan's GMO Has Mined Over 900 Bitcoins - Hashrate Doubled Last MonthGMO Coin is the cryptocurrency exchange subsidiary of GMO Internet. It is one of the 16 fully licensed crypto exchanges in Japan. The company has launched a service to allow customers to lend their bitcoins to the company as well as set up a bitcoin salary payment system to pay its employees in the digital currency.

However, the Financial Services Agency (FSA) has issued the exchange a business improvement order. The only other government-approved exchange to have received such an order is Tech Bureau which operates Zaif exchange.

GMO Financial Holdings recently released GMO Coin’s earnings report which shows an operating loss of 760 million yen (~US$7 million) in the first quarter of this year. The cost of operating the crypto business rose by about 560 million yen (~$5.1 million) for the group from the previous quarter.

What do you think of GMO’s mining operations and exchange? Let us know in the comments section below.


Images courtesy of Shutterstock and GMO Internet.


Need to calculate your bitcoin holdings? Check our tools section.

The post Japan’s GMO Has Mined Over 900 Bitcoins – Hashrate Doubled Last Month appeared first on Bitcoin News.

Bitflyer on Hiring Spree – Discusses Multiple Expansion Plans

Bitflyer on Hiring Spree - Discusses Multiple Expansion Plans

Japanese exchange Bitflyer is on a hiring spree, trying to tap talent from Wall Street. The company says coders can make $100,000, and plenty of employees earn $200,000. Besides already operating in three regions, the exchange is expanding into additional countries and adding more services.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Number One Goal

Japan’s largest cryptocurrency exchange by volume, Bitflyer, is on a hiring spree. The company is eyeing traders and bankers from Wall Street, including from its CEO’s former employer, Goldman Sachs, according to Bloomberg. With over 2 million users on its platform, the number of Bitflyer employees “has doubled to more than 150 people in the past six months and is on pace to top 300 before year-end,” the news outlet detailed.

Bitflyer on Hiring Spree - Discusses Multiple Expansion Plans

“At Bitflyer, we are actively recruiting talent in many occupations,” the company tweeted this week. CEO Yuzo Kano said in an interview:

My target is to be number one in the world…To get there, I need to grow headcount. And those with the best skills come from global banks.

Bitflyer on Hiring Spree - Discusses Multiple Expansion PlansBitflyer is among the 16 crypto exchanges that have been approved by the Japanese Financial Services Agency (FSA). Last month, the exchange strengthened its user verification process after reports of a discussion with the regulator.

Finding Talent and Expansion Plans

Bitflyer on Hiring Spree - Discusses Multiple Expansion Plans
Yuzo Kano.

Kano believes that Bitflyer’s ideal finance recruits are either experienced bankers in their 40s tired of corporate bureaucracy or younger associates in their 20s.

The CEO explained that former traders and bankers are ideal for crypto firms because they understand how to operate in regulated markets, the publication noted, adding that coders “with a high school — or even middle school — education if they’ve got a track record of success at hackathons or coding tournaments” can make $100,000 at the exchange. According to Kano, “there are plenty of people at Bitflyer who earn more than $200,000 a year” and all full-time employees receive stock options which can be cashed out at any time.

Razin Ashraf, head of Tokyo-based recruiting firm Divine Solutions Japan, was quoted describing:

Crypto companies need finance guys to fill roles across the board: business development, sales, account management, operations, and compliance just to name a few.

Bitflyer currently operates in Japan, the US, and Europe. The company plans to expand into “Africa, South America, Australia and other parts of Asia,” the news outlet conveyed, adding that the exchange is also “expanding beyond crypto trading to businesses that include digital payments and a brokerage-advisory service for investors and startups interested in initial coin offerings.” Without giving a timeframe, Kano confirmed that Bitflyer is also planning an initial public offering (IPO).

What do you think of Bitflyer’s expansion plans? Do you think they will succeed in becoming the number one exchange? Let us know in the comments section below.


Images courtesy of Shutterstock, Ascii, and Bitflyer.


Need to calculate your bitcoin holdings? Check our tools section.

The post Bitflyer on Hiring Spree – Discusses Multiple Expansion Plans appeared first on Bitcoin News.

PR: SPINDLE to Launch Crowdsale – One Week Only (Until May 15)

SPINDLE to Launch Crowdsale

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

SPINDLE, which instantaneously became the largest ICO in Japan , will launch its first crowdsale. The crowdsale will be held globally for one week only (except for residents in Japan / USA / China). In this Crowdsale, only ETH and BCH will be accepted from strategic implications.

SPINDLE is a project to connect general users and crypto hedge funds with fairness and transparency by applying Blockchain technology.

SPINDLE is now developing an advanced platform, ZETA. ZETA-1, which will be released at Stage 1, is a monitoring & reporting service platform that builds on Blockchain technology currently under development by BLACK STAR&CO., Inc. ZETA-1 offers freemium services to cryptocurrency exchanges, crypto hedge funds, and cryptocurrency investors.

For details, please refer to the video

The SPINDLE team is composed of seasoned experts in the financial industry including professionals on Blockchain technology and marketing. GACKT, the famous artist and entrepreneur in Asia, is also our member to support our marketing activities, so I am getting aware of one out of many ICOs.

Crowdsale will be held from 9th May / 00: 00 (GMT) to 15th May / 00: 00 (GMT). The fixed rate of 0.00033 ETH is applied to all the transactions, and up to 30% of bonus will be provided for early applications. You are kindly requested to read the WP 2.0 and learn about SPINDLE. If you have any queries, we are making active exchange in the Telegram community, so please visit there and ask questions if any.

Also, we kindly invite you to visit our SPINDLE crowdsale Website and create an account as soon as possible. Application will be closed on 15th May / 00: 00 (GMT).

SPINDLE Information
Website: https://spindle.zone

White Paper: https://spindle.zone/spindlewp_2.0_en.pdf

SPINDLE Telegram: https://t.me/spindlezone

Crowdsale Information
Website for Token Sales: https://ico.spindle.zone

Payment accepted: Bitcoin Cash / Ethereum
Starting of CrowdSale before listing
(GMT): 9th May / 00:00
Ending of Crowd Sale before listing (GMT): 15th May / 00:00
Token Sales support on Telegram chat: https://t.me/spindlezone ( https://t.me/spindlezonechannel )
Token Sales support by E-mail: support@spindle.zone

Unqualified users:
・People who live in Japan / USA / China
・People who don’t have the mentioned eligibility of investment
Lockup period for SPD Tokens which are sold in Crowdsale: 60 days
Schedule for granting tokens: Within 30 days after completion of Crowdsale
Amount of Crowdsale before listing 1,200,000,000 SPD

Token sales price (1 SPD price) and Bonus
Rate: All 0.00033 ETH (9May–15May, 2018)
| Bonus: 9th 30% Bonus
| 10th 25% Bonus
| 11th 20% Bonus
| 12th 15% Bonus
| 13th 10% Bonus
| 14th 5% Bonus
| 15th No Bonus
| Crowdsale after listing: To be announced
| (Moving Strike Discount Lock-up Model)

SPINDLE Information
Website: https://spindle.zone

White Paper: https://spindle.zone/spindlewp_2.0_en.pdf

SPINDLE Telegram: https://t.me/spindlezone

Contact Email Address
media@spindle.zone
Supporting Link
https://ico.spindle.zone

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: SPINDLE to Launch Crowdsale – One Week Only (Until May 15) appeared first on Bitcoin News.