Cryptocurrency Exchange OKEx Tackles Small Balances With New Offering

Cryptocurrency exchange OKEx announced a new feature that allows its users to convert small balances to the firm’s proprietary token OKB. OKEx announced on April 7 that the new product allows its user to convert all the crypto asset balances worth less than 0.001 Bitcoin (BTC) ($7.38 at press time) into OKB. The upper limit for conversion value is 0.01 BTC ($73.84 at press time), there is no limit on conversion time but the conversion is only available when the price fluctuates within 5%. A trader told Cointelegraph that small…

Cryptocurrency News From Japan: March 29

This week’s headlines from Japan included the country’s Financial Services Agency revealing feedback from the public on recent regulation, the Cabinet Office Ordinance announcing regulatory changes, Zaif exchange removing three crypto assets, BitBank’s COO predicting crypto exchange mergers, and Nomura Research Institute issuing Japan’s first blockchain-based bond.  Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Japanese FSA receives comments on new regulations The Japanese Financial Services Agency, or FSA, unveiled 172 comments from citizens and groups, pertaining to recent crypto asset laws taking…

This Cryptocurrency Casino Is the Latest Terrible Idea by Atari

Atari is one of the oldest companies in gaming, but its modern track record is not so great. They recently announced the launch of their own online casino and crypto token. This is a stunningly bad idea for a company with such a poor recent track record. Atari has a troubled history. While the company was the driving force behind the early days of the gaming industry, they’ve struggled since then. They’ve recently tried to branch out into various areas. Atari has a hotel chain in the works, which I’m…

Cryptocurrency News From Japan: March 22-28 in Review

This week’s headlines from Japan included Bitbank adding smartphone compatibility for identity verification, Fobi Japan announcing leverage trading, Coincheck announcing order limits, Rakuten Wallet announcing margin trading, and product trading company Marubeni testing blockchain for tracing steel pipes.  Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. BitBank launches smartphone ID verification Japan-based crypto exchange, BitBank, recently added smartphone compatibility for its Know Your Customer, or KYC, practices. Using their smartphone cameras, customers can now snap pictures themselves and related required paperwork for verification.…

Binance Reveals the Secret Behind Its Cryptocurrency Futures Success

Aaron Gong, vice president of futures at major cryptocurrency exchange Binance, explained to Cointelegraph how the firm managed to become one of the top crypto futures trading platforms. As Cointelegraph reported earlier this week, Binance recently overtook BitMEX and became the second-largest platform in terms of 24-hour Bitcoin (BTC) futures trading volume. When asked whether he is surprised by such success, Gong said that the firm created the product with the plan of becoming the top Bitcoin futures trading platform: “We knew we would be there soon, and we made…

Cryptocurrency News From Japan: March 15-21 in Review

This week’s headlines from Japan included exchange self-regulatory organization, JVCEA, suggesting guideline changes, financial institutions collaborating with a blockchain startup for asset management, GMO Coin exchange listing BAT, and news that Toyota has built a blockchain-based identity platform. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. JVCEA adds regulatory suggestions and revision regarding exchange JVCEA, a Japanese self-regulatory organization (SRO) for exchanges, proposed alterations to an upcoming initiative called the Revised Funds Settlement Law, set to come into play in the first half…

Payment Provider NetCents Readies Cryptocurrency Credit Card for Launch

Canadian cryptocurrency payments provider, NetCents, has completed the technical integration of its consumer credit card into its proprietary ecosystem. NetCents announced March 20 that it had begun edge-case scenario testing in real-world environments in order to ready the card for launch. Not like other crypto credit cards The NetCents credit card promises users will not have to pre-load cryptocurrency onto their cards, differing from otherwise-similar products already on the market. Cards which require pre-loading can sometimes rob users of crypto value appreciation they would have otherwise received in the interim…

Rapper Akon Shares Whitepaper for Upcoming Cryptocurrency

Rapper and entrepreneur, Akon, shared the whitepaper for his upcoming ‘Akoin’ cryptocurrency project exclusively with Cointelegraph. The document describes Akoin as a cryptocurrency “designed for entrepreneurs in the rising economies of Africa and beyond,” adding that the project’s mission is to “unlock the potential of the world’s largest growing workforce” using blockchain technology. Mobile credit trading in Africa The whitepaper describes Akoins as utility tokens that power “atomic swaps” between cryptocurrencies, fiat currencies, and mobile phone credits on the Akoin network. Speaking with Cointelegraph, Akon emphasized that mobile credits are…

Cryptocurrency News From Japan: March 8-14 in Review

This week’s headlines from Japan included GMO Coin reporting record transaction volume from February, BitFlyer surpassing 2.5 million users, Tokai Tokyo Securities joining the Japan STO Association, and SBI FX seeking margin trading licensing. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. GMO coins exchange posts record high numbers GMO Coin exchange, a subsidiary of GMO Financial Holdings, reported that February yielded all-time high transaction numbers after the exchange added 4x margin trading to its platform. GMO’s transactions from sales offices, exchange trading,…

Cryptocurrency News From Japan: March 1-7 in Review

This week’s headlines from Japan include crypto exchange Zaif reopening account registrations, government agencies meeting on crypto, the Federation of Economic Affairs submitting a national Blockchain proposal, Coincheck adding Qtum, and Rakuten Wallet opening leverage trading account registration. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Zaif crypto exchange reopens account registration after hack Japanese crypto exchange Zaif opened its doors once again for new account registrations, starting on March 6. Hackers pilfered more that $63 million in crypto from the platform in…