Crypto in Japan | Yen-backed Stablecoin in the Works

Japan just received some crypto-positive news, as a Chinese blockchain company just unveiled it’s working on a yen-backed cryptocurrency. Crypto in Japan has always been widely accepted, but it is quite the opposite in China—the country went as far as to create its own cryptocurrency firewall. The South China Morning Post reported this morning that Grandshores […]

Ripple (XRP) | Up Nearly 20% After xRapid News Releases

Ripple (XRP) received a serious boost this morning after news broke that Ripple Labs’ xRapid project could debut in the next month, or so. Ripple (XRP) and xRapid Sagar Sarbhai, head of regulatory affairs at Ripple, spoke to CNBC yesterday and confirmed positive movement on its xRapid platform. “I am very confident that in the […]

SBI Ripple-Powered Application MoneyTap Set to Debut Soon

SBI, the Japan-based Fintech giant, has just announced its plans of launching an SBI Ripple-powered application for mobile called MoneyTap. ひっそりと、Moneytapのティザーサイトを公開しました。ロゴや画面のイメージ如何でしょうか!?https://t.co/Pw4JDg9nEy — 沖田 貴史 T.OKITA (@OKITATakashi) September 12, 2018 SBI Ripple-Powered Application The CEO of SBI Ripple Asia, Takashi Okita, took to Twitter on Wednesday to announce MoneyTap. The translated tweet reads:“Quietly, the teaser site of […]

Ethereum (ETH) Dead? ETH Breaks Record this Week

Mainstream media has recently been sparking the question, “is Ethereum (ETH) dead?” Most journalists running these stories were referring to Ether or ETH, the digital token that runs on the Ethereum network. Ethereum (ETH) Dead? The reason the questions were prompted most likely had to do with ETH hitting 2018 lows recently. Most of the […]

Morgan Stanley Bitcoin Derivatives | Ready to Go but When?

Morgan Stanley (NYSE:MS) plans to offer its customers complex derivatives that will be tied to Bitcoin (BTC), Bloomberg reported this morning. The Morgan Stanley Bitcoin derivatives will push the investment bank in the running with its competition currently dabbing in the cryptocurrency space. Morgan Stanley Bitcoin Derivatives According to a person familiar with the venture, […]

OKEx Founder Released from Custody and Denies Fraud

Yesterday, it was announced that OKEx founder Star Xu had been taken into police custody for fraud allegations. If no substantial evidence was found, Xu would be released from custody in a 24-hour period. According to local news reports, Xu has been released and isn’t pleased. OKEx Founder Strikes Back “I have no fictional facts, […]

Huobi Global Buys BitTrade | Acquires the Majority Stake

In a major announcement, Huobi Global buys BitTrade. Huobi Japan Holding Ltd, Huobi Global’s wholly owned subsidiary, just acquired the majority stake of Japan’s BitTrade. Huobi Global owns and operates Huobi, the third largest cryptocurrency exchange by daily trade volume. Huobi Global Buys BitTrade Huobi will partner with BitTrade, one of the only 16 regulated […]