In an announcement today, the Tokyo-based chat app confirmed that it has filed an application with the Financial Services Agency (FSA) – Japan’s financial regulator – to register and launch a cryptocurrency exchange. The application is currently under review.
It’s a significant move, one which sees Japan’s biggest messaging service announcing its foray into cryptocurrency trading, to be enabled within its chat application that is ubiquitous among some 70 million Japanese users. The messaging app is also massively popular in other regional nations including Indonesia, Thailand and Taiwan.
Cryptocurrency prices went south on Monday after Japan’s Financial Services Agency (FSA) announced that it may conduct on-site inspections of domestic cryptocurrency exchanges in response to Coincheck’s $530 million hack. The Bitcoin price led the retreat with a five percent decline, and most other top-tier coins followed suit.
As a rule, Japan has been very welcoming to the nascent cryptocurrency industry, and favorable regulatory policies have enabled the country to become one of the ecosystem’s central hubs.
Bytecoin is a private, decentralized cryptocurrency with open source code that allows everyone to take part in the Bytecoin network development. Privacy and security come naturally from using Bytecoin. The best solution for those who want to keep their financial privacy.
Instant private transactions are provided all around the world by the Bytecoin Network, they are totally untraceable, and they don’t require any additional fees.
Fiat currencies are assigned to specific territories while Bytecoin is bound to the Internet and therefore is international by default.
Current Price: $0.002626 USD
Market Cap: $482,724,246 USD
Circulating Supply: 183,807,423,448 BCN
Total Supply: 184,470,000,000 BCN
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.
This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
Current Price: $447.47 USD
Market Cap: $44,061,897,510 USD
Circulating Supply: 98,469,822 ETH
Total Supply: N/A
CryptoSlate is a cryptocurrency news site with a section which lists all cryptocurrencies. Also, like the coin market cap, the platform also gives a clear understanding of what purpose every cryptocurrency is meant. This can be insightful when you consider investing on cryptocurrencies which are for day-to-day transactions alone.
Market coin and token analysis at the top differentiate the difference between cryptocurrencies. It further breaks them down to show how many proof-of-stake and proof-of-work coins that’s available in the market.
This seemingly small details can go a long way in assisting users in making decisions.