In this week’s selected cryptocurrency- and blockchain-related news from Cointelegraph Japan, the Japanese Liberal Democratic League said that it will formulate a quantum technology innovation strategy by the end of this year, crypto exchange Coincheck’s registered users are steadily increasing, Mt. Gox trustee extends the submission deadline again, and the SBI Holdings president is thinking about expanding into Europe with security token offerings. Here is the past week of cryptocurrency and blockchain news in review, as originally reported by Cointelegraph Japan. Japan will propose a quantum technology strategy The Japanese Liberal Democratic League for Quantum Technology Promotion, which promotes quantum …

Saturday, Nov. 2 — most of the top 20 cryptocurrencies are reporting moderate gains on the day at press time, after Bitcoin (BTC) broke the $9,300 mark again. Market visualization courtesy of Coin360 Bitcoin price is currently up by 2.06% on the day, trading at around $9,326 at press time, according to Coin360. Looking at its weekly chart, the coin is up by about 0.89%. Bitcoin 7-day price chart. Source: Coin360 As Cointelegraph reported earlier today, former Texas Republican congressman and presidential candidate Ron Paul received his reportedly first Bitcoin from Bitcoin Foundation board member and Bitcoin wallet startup Ballet …

A Bloomberg report, analyzing data from 13 top exchanges, shows that within a very short span of time, Bitcoin (BTC) futures trading volume has grown to about 50% of spot trading volume. This is the sign of a maturing asset class. Successful operation of the futures market may provide regulators with the confidence they need as many are concerned that a few entities can easily manipulate the markets at will. The institutional players who have been staying away due to wild volatility in the crypto sector are also likely to jump in because the futures and options market provides them …

SBI Securities’ trading revenue surged 19.2% in 2019, largely due to the inclusion of the company’s crypto investment wing, which turned a $7.1 million loss into a $30 million profit over the year. Japanese financial services giant SBI Holdings released its new financial report on Oct. 30. The report analyzed results for the six-month period ended Sept. 30, 2019 and witnessed major growth of SBI’s crypto-heavy venture capital arm in 2019 amid a general decline in SBI’s revenue. SBI VC Trade profits grow over $30 million over a year According to the report, SBI VC Trade’s profit before income tax …

The sentiment in the crypto markets had turned bullish on the news that Chinese President Xi Jinping has called for businesses and government bodies to support the development and adoption of blockchain technology. However, just days after the comments, the Chinese state media warned that support for blockchain should not be interpreted as an endorsement for cryptocurrencies. During the recent Bitcoin (BTC) rally, institutional interest picked up, which also resulted in a spike in Bitcoin futures volumes on the Bakkt platform. Along with targeting the institutional players, Bakkt dove into the mobile payments sector. Earlier this week the company announced …

Tuesday, Oct. 29 — Most top-20 digital currencies are trading sideways today, with a few reporting minor losses. The markets are seeing mixed signals as of press time, according to the data from Coin360. Cryptocurrency market daily overview. Source: Coin360 Bitcoin (BTC) is down less than one percent over the past 24 hours and is trading at around $9,327 at press time. The major coin has seen moderate volatility over the past day, having dipped to as low as $9,191, with the intraday high reaching $9,571 at press time. Worldwide Google searches for “Bitcoin” are now near a three-month high, …

The seesaw price action over the past week has lightened up the crypto space once again. While the aggressive bulls view the sharp upside move as a bottoming signal, the bears consider the rise as a bear market rally that should be sold into. However, as traders, our goal should be to identify the trend and trade with it. Bitcoin (BTC) futures trading volume on Bakkt has surged over the past three days. This suggests that the recent market activity has generated interest among institutional traders who expect a sharp directional move. Cryptocurrency market daily performance. Source: Coin360 If the …

The best thing about us humans is that, time and again, we come up with great ideas and new forms of technology that have the potential to change the world for the better. Yes, we go wrong at times and destroy things, wipe out entire nations… but let’s not get into that right now. The curtains on blockchain technology were raised back in 2008 in response to the global financial crisis caused by the central banks and government of the United States. It’s a fact — absolute power corrupts absolutely. Now, more than a decade later, the scene looks like …

The total market capitalization has bounced from very close to the $200 billion support, which is a positive sign. The pullback from the dip on Oct. 23 has been broad-based with Bitcoin (BTC) and several altcoins doing well. This shows that the crypto space is generating interest among buyers. Cryptocurrency market daily performance. Source: Coin360 Many major cryptocurrencies are showing signs of selling exhaustion. When the bulls buy breakdowns from critical support levels, instead of panicking, it shows that the sentiment is changing. As the recovery is across the board, it increases the sustainability of the move. Recently, Joel Birch, …

Following Bitcoin’s (BTC) sudden jump earlier in the day, altcoin markets have also entered the green zone, with some of the major cryptocurrency markets registering solid growth. Cryptocurrency market daily overview. Source: Coin360 Bitcoin had been hovering around $7,500 during the day until it suddenly surged over $500 in just five minutes to the $8,391 price mark. At press time, the leading crypto is trading at around $8,541, up by nearly 15% on the day. Bitcoin 24-hour price chart. Source: Coin360 Top-20 coins are posting gains as well, with some of them seeing double-digit price increases. The major gainers on …

Thursday, Oct. 24 — The top-20 cryptocurrencies seem to begin reclaiming after a sharp drop on Oct. 23, when Bitcoin (BTC) crashed $500 in minutes and dragged other coins down. Cryptocurrency market daily overview. Source: Coin360 Bitcoin, however, continues sitting in the red zone, reporting losses of 0.6% on the day to trade at around $7,442 at press time. The leading coin has seen low volatility over the past 24 hours, dipping to a low of $7,378 and reaching $7,552 at its highest price point. In the meantime, Bakkt revealed that the company will be launching the first regulated options …

After initially seeking to ban Bitcoin in 2013, Thailand has since developed a permissive regulatory apparatus for digital currencies and cryptocurrency fundraising methods. Thai financial services firm Seamico Securities recently announced that it has received approval from the country’s Securities and Investments Commission (SEC) to operate its subsidiary, SE Digital, as a regulated initial coin offering (ICO) portal. In doing so, SE Digital obtained permission to launch the first legitimate ICO in Thailand, with the company announcing that it hopes to raise between 2 billion and 3 billion Thai baht (between around $66 million and $99 million) through the token …