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Cryptocurrency

Coinbase Officially Launches In Japan

Already operating in 32 countries, US cryptocurrency exchange Coinbase is now expanding to Japan. Japan is one of the worlds largest cryptocurrency markets.

Announced on Monday, the San Francisco based company confirmed the launch of an office in Japan and a plan to work alongside the Financial Services Agency to ensure its compliant with local laws.

Coinbase said in its announcement:

“As in other markets, we plan to take a deliberate approach to our rollout in Japan, which means working hand-in-hand with the Japanese FSA to ensure compliance with local laws at every stage.”

Japan passed legislation in April 2017 to acknowledge cryptocurrencies like Bitcoin as a payment method.

Coinbase, is not only expanding into new markets — it is also continuing to build out its product line that is intended for institutional investors. Coinbase has recently released a suite of products for institutions,  developed bank-grade custodial services, and launched a new asset management division.

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Bitcoin

Bitcoin (BTC) Crosses 55k And Is Heading Towards 60k Fast!

Less than two months into 2021, the price of bitcoin has risen 95.4%.

Earlier this week BTC smashed through 50k and is headed towards 60k just as fast. The price is currently trading at 57k as of press time up 60% this month alone. Along with BTC’s meteoric rise quite a few altcoins are going along for the ride.
Some are saying the astonishing rise of BTC’s price to the tremendous demand from buyers looking to hedge against inflation as governments keep spending and central banks keep printing money trying to keep their economies going through the pandemic.
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Binance

Binance Coin (BNB) Is Heading Towards $300 With A 60% Increase Today!

BNB is currently skyrocketing towards $300 after Binance CEO appeared on Bloomberg to discuss the current rise of BTC and other cryptocurrencies. During the interview he was asked about Binance Coin.

You can view the full interview by clicking here

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Cryptocurrency

Elon Musk Suggests Major Dogecoin Holders To Sell

Billionaire Tesla CEO Elon Musk urged some of the top hodlers of Dogecoin to sell their holdings and take profit. He said he was concerned that a small number of people are hoarding too much of the cryptocurrency.

He later added that he would pay actual money for them to just void their accounts. This caused the cryptocurrency to spike initially then drop down to 4.8 cents late Sunday, a roughly 45 percent drop from the all time high of 8.7 cents reached just last week.

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