Source: Adobe/chanchai Japan’s most vocal pro-crypto MP has spoken out about his vision for Japan’s crypto regulation – and claims backing non-fungible tokens (NFTs) could help create a new growth engine for cultural exports. The comments came from Shun Otokita of the Japan Innovation Party, the third most-represented party in the Japanese lower house, the […]
Source: Adobe/Tryfonov The latest crackdown on the world’s first crypto derivatives exchange, BitMEX, might turn the regulatory eye towards the decentralized finance (DeFi) space, said financial services platform BitOoda. "In our view, we will not be surprised if/when regulators take a closer look at DeFi platforms and participants, as they recognize the potential for these […]
Source: JPMorgan, Instagram More than 80 Japanese banks have declared interest in joining JPMorgan Chase’s blockchain-based payment information network, the Interbank Information Network (IIN), making the country’s banking sector possibly the largest national player in the system powered by Quorum, a permissioned blockchain. The Japanese banking industry’s access to the network comes amid long-standing accusations […]
Source: iStock/bankrx The Atlantis hard fork, a major upgrade to the Ethereum Classic (ETC) blockchain will be activated in September, the developers have agreed during a public call yesterday. This will be Ethereum Classic’s first hard fork in over a year, and it comes after disagreements over how and when it should be done. In […]
Source: Adobe/Bumble Dee The de facto South Caucasus state of Abkhazia’s crypto mining miseries continue to deepen, with the government set to criminalize mining – and extend a mining ban as power supplies continue to experience disruption. As previously reported, anarchic scenes have become commonplace as large-scale miners have been driven out of town by […]