5,270 Bitcoin Merchants, 8900% Monthly Volume Spike; The Reason behind Japan’s Bitcoin Binge
A major factor that has pushed the trading volume of Bitcoin in Japan is the new virtual currency law which will be enforced by this spring, says the Business Development Lead of CoinCheck, the country’s top exchange. According to Kagayaki (Kaga) Kawabata, the introduction of the proposed law made Bitcoin a darling of top media organisations in the country. He explains: “After this announcement, various large media that once negated Bitcoin started to feature Bitcoin again this time as an innovative technology (After the Mt. Gox incident, the media broadcasted Bitcoin as a tool for money....
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Bitpay has released figures showing a huge spike in transactions in Latin America, surging from 638 in February all the way up to 3,509 monthly in June 2015. The world’s largest Bitcoin merchant payment processor included the data in an exclusive release of its monthly transaction records to the International Business Times this week. Bitcoin is proving to be a stable protection towards inflation and lack of access to financial services in underbanked regions and where governments fail to address economic stability. This is likewise indicated by the spike of transactions in Latin American....
Counterparty Foundation Community Director Koji Higashi has agreed that Japan’s future in Bitcoin is an “upward trend” and could challenge China in trading volume. Japan: World’s #2 Bitcoin Trader. His comments follow mainstream media alleging the number of Japanese outlets accepting Bitcoin had quadrupled to over 4,000 in 2016 alone. In a blog post Monday, Higashi said that in contrast to China’s falling trading volumes due to exchange inspections and uncertainty over legislation, Japan’s legal setup was fostering increased crypto adoption. “…It seems to me few people are aware of what’s....
The monthly trading volume of LooksRare, a decentralized non-fungible token (NFT) and digital collectible marketplace, is down 97%, crashing from $71.9 million registered in September 2023 to just $2.1 million in October, Token Terminal data shared by Web3 Academy on October 26, via X shows. LooksRare’s Monthly Volume Tanking, Falls To $2.1 Million In October The unprecedented drop in activity couldn’t be pinned on any particular LooksRare-related event when writing on October 26. This contraction is despite the broader cryptocurrency market recovering, rising as seen by the....
Data shows that a spike in Twitter mentions preceded massive price rallies in at least five altcoins. When crypto traders win big, they often take to Twitter to share the joy. They tend to do the same for sharing painful stories of getting wrecked, discussing promising new assets, or sharing insight and predictions on which projects can become the next big thing. Sometimes these waves of social attention can even create positive feedback loops whereby the tokens that command the chatter see their prices soar precisely for that reason.The volume of tweets referencing a particular asset can....
This November, 19 bitcoin entrepreneurs are gathering, during four weeks, to live, work, and learn together on the island of Bali, for the first ever Bitcoin Bali Binge. It is a beta test for creating frequent international crypto-retreats, where those crypto enthusiasts working to help the world catch up with the tech can flock together and you can join them if you like! The whole idea is to spend four weeks in a networking adventure, while building awesome world changing projects in paradise and with the contribute of all. Between deliciously healthy cuisine, ceremonies with the locals,....