Asian Stocks Levitate as Fed's Repo Bonanza Continues

Asian stocks rose on Friday, with Japan’s benchmark index reaching new five-month highs amid reports that the Federal Reserve was pledging more liquidity to prop up the financial markets. Asian Markets Rise Stocks across the Asia-Pacific region rose in the final session of the week. Tokyo’s benchmark Nikkei rallied 0.4% and was on track for […] The post Asian Stocks Levitate as Fed's Repo Bonanza Continues appeared first on CCN.com

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Asian Stocks See Mixed Results Following Fed’s Unusual Repo Operation

Stocks in the Asia Pacific region traded mixed on Wednesday, as investors gauged prospects for monetary policy after the Federal Reserve took action in re-balancing the money markets. Asian Markets Mixed There was no clear-cut direction in Asian equities on Tuesday. Japan’s benchmark Nikkei 225 index edged up 0.1% to 22,012.72. The Topix index, which […] The post Asian Stocks See Mixed Results Following Fed’s Unusual Repo Operation appeared first on CCN.com

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Fake News: Japan’s Largest Bank isn’t Launching a Cryptocurrency

Several crypto media outlets have reported that Japan’s Mizuho, the country’s largest bank, and dozens of others are launching a blockchain product. According to Quartz, however, these reports are false in the extreme: J-Coin has nothing to do with cryptocurrency or even blockchain in general. J-Coin: Definitively Not a Cryptocurrency Rather than a blockchain product, the J-Coin initiative is an effort to modernize Japan’s economy. Roughly 4 in 5 transactions in Japan happen with cash, which puts it far behind the rest of the world in terms of electronic payment…

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Japan Megabanks Kill Joint Blockchain Money Transfer Project, Turn to Their Own Cryptocurrencies

Three of Japan’s biggest banks have canceled a joint project of a blockchain-based peer-to-peer money transfer service. The three so-called Japanese ‘megabanks’, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group, said the joint venture was a duplication of their individual efforts. They thus saw no need to continue, according to the Nikkei Asian Review. Per the Japanese publication, the joint initiative would have allowed their customers to send and receive funds using email addresses or mobile phone numbers via virtual accounts linked to their bank accounts.…

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Hacked Bitcoin Exchange Zaif Discontinues New Registrations

Tech Bureau Inc., the owner of Zaif exchange, decided to suspend new account registrations at their trading platform temporarily. The decision came on September 28, 14 days after a hacking incident took place at Zaif and caused the crypto exchange more than $60 million worth of damages. Tech Bureau said in its press statement that The post Hacked Bitcoin Exchange Zaif Discontinues New Registrations appeared first on CCN

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Japanese I.T. Giant Fujitsu Unveils Blockchain Platform for Retailers

Japan’s I.T and computing equipment giant Fujitsu announced the launch of the cloud-based  Fujitsu Intelligent Society Solution Blockchain Asset Service on June 6, 2018. Fujitsu’s Blockchain Push Via an official announcement, the company revealed its plans for the use of blockchain technology in retail sectors – such as digital points, stamps, and coupons – aimed The post Japanese I.T. Giant Fujitsu Unveils Blockchain Platform for Retailers appeared first on CCN

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331 Japanese Cryptocurrency Investors Made at Least $1 Million in Profit Last Year: Tax Agency

Mainstream media outlets in South Korea and Japan JoongAng and Nikkei have reported that the National Tax Agency (NTA) of Japan is fully aware that 331 investors in the Japanese cryptocurrency sector recorded a profit of $1 million through trading, generating more than $331 million in total. Chasing Cryptocurrency Taxes By the end of 2017, The post 331 Japanese Cryptocurrency Investors Made at Least $1 Million in Profit Last Year: Tax Agency appeared first on CCN

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Crypto Exchange Giant Kraken Quits Japan Citing Rising Costs: Report

US-based cryptocurrency exchange Kraken will reportedly shutter its trading services in Japan due to rising business costs. Referencing an emailed statement from Kraken, Bloomberg is reporting that the San Francisco-based exchange operator is closing ‘all of its services’ in Japan with a tentative planned exit in June 2018. However, the exchange did leave the door The post Crypto Exchange Giant Kraken Quits Japan Citing Rising Costs: Report appeared first on CCN

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