Bitcoin news round, week ending 17 April 2016. An interesting mix of news this week from Estonia, Africa, Japan and the US. Read on
Zaif, Japanese Bitcoin Exchange trades $19 million in 24 hours
Japan’s bitcoin ecosystem has been on the spotlight, since legislators proposed regulating it like regular currency. Zaif, an exchange that accepts Yen transfers for buying and selling BTC online, set a new record, trading 45,000 BTC in a day as reported on bitcoinx.io. It adds up to about 20 billion Yen, and makes up 64% of the overall volumes made in JPY. 5 exchanges based out of Japan, including Kraken, the newest addition, are driving this demand collectively, despite a tainted image from Mt. Gox’s collapse in 2013. The Yen is currently the 3rd largest fiat currency traded against Bitcoin, behind the US Dollar and Chinese Yen.
Kraken Exchange secure series B funding from Japanese Forex Broker
Finextra reported Tokyo based Money Partners Group, a forex brokerage listed on Tokyo Stock exchange, has invested an undisclosed fee into San Francisco based bitcoin exchange Kraken. The deal, is also a strategic business alliance
“to offer bitcoin trading, bitcoin settlement service, and blockchain-based derivative trading to its clients.”