Bitcoin Price Breaks $1,215 Due to Rapid Mainstream Adoption in Japan
Over the past two days, Bitcoin price stabilized at $1,215 primarily due to the increasing adoption of Bitcoin in Japan. On April 1, the Bitcoin legalization billdraftedby the Japanese government’s Financial System Council was taken into full effect, officially recognizing Bitcoin as a legal payment method. As a result,businesses began to integrate Bitcoin paymentsand offer the digital currency as an option to consumers. Most notably, one of Japan’s largest electronics retailer chain Bic Camera announced its partnership with leading Bitcoin exchange bitFlyer to allow their customers....
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Bitcoin company executives and analysts including Irene Katzela, CEO of Chain of Points, firmly believe retailer and merchant adoption is the key to bitcoin mainstream adoption. Since 2014, the bitcoin industry and market have seen a rapid emergence of bitcoin-accepting merchants. Companies like TigerDirect and Expedia have begun to offer bitcoin as one of their main payment methods. Currently, bitcoin is perceived more as a store of value and a safe haven asset rather than an actual digital currency. Some bitcoin investors like Roger Ver argue that the development community of bitcoin....
If you do a Google search for “Bitcoin,” one of the top results is still the 2011 Wired article “The Rise and Fall of Bitcoin,” which focuses mostly on the then-falling price (it had dropped from almost $30 to under $5 in the months preceding publication). For most media pundits, the success or failure of Bitcoin is directly tied to the price of 1....
3 September 2021, OKCoin Japan Exchange announces its official listing of IOST. The listing of IOST on OKCoin Japan marks IOST’s next important milestone in its global expansion and adoption. Specifically in Japan, in 2020, IOST has been approved by Financial Services Agency (FSA), the Trading platforms supervision Alliance in Japan, successfully become the 14th […]
CNBC appears to be jumping on the Bitcoin bandwagon this week as it features an analyst foreseeing a Bitcoin price of $3000 per coin by the end of 2017. CNBC Changes Tune To Bullish, Quotes $3k Bitcoin Price For 2017. Having previously been bearish and even critical of the digital currency, the mainstream US news resource was considerably more upbeat Tuesday. “In terms of price this year, I think it will go up to $3,000,” it quotes Adam Davies, a consultant at UK tech advisor Altus Consulting in an interview. As it becomes more pervasive and more generally accepted, I think you’ll see....
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....