BitFlyer Opens Japanese Bitcoin Market to European Traders

Japanese bitcoin exchange bitFlyer has opened access to the BTC/Japanese yen trading pair for U.S. users, improving Japanese market access.

Here's some news of yet another investment in the cryptocurrency space. Bloomberg reports that Japanese bitcoin exchange BitFlyer has raised approximately 25 million yen (or about $236,000 USD) from Barry Silbert's Bitcoin Opportunity Corp. The exchange, which launched earlier this year, will use the funds to expand overseas. http://www.youtube.com/watch?v=9FZn5XwQKLY. Interestingly enough, the exchange hasn't quite decided where they're planning to plant their flag, though Singapore is likely to be a place of interest, according to Yuzo Kana, BitFlyer CEO and former Goldman Sachs trader.....

Japanese exchange Bitflyer has announced a 50 million Yen investment into a new fund which will see Osaka-based IoT startup Sivira as the first company to benefit from the fund. According to the exchange, this is in an effort to support and encourage the growth of blockchain businesses in Japan. Bitflyer has termed this new investment activity, “Block Chain Angel Fund.” Even though this is Bitflyer’s first investment of this type, it sounds as though it will not be their last. In its press release, Bitflyer states that it chose to make the investment in Sivira because of the track record....

A few days ago, GMO Internet announced plans to allow GMO's 48,532 Japanese merchants to accept Bitcoin by November of this year. GMO Internet's payment solution, the GMO Payment Gateway, will soon have Bitcoin functionality alongside credit card and bank transfer options. BitFlyer was created by former Goldman Sachs trader Yuzo Kano in December of 2013, when he left his job to work with Bitcoin full-time. Since its launch in January of 2014, BitFlyer has taken on the challenge of reintroducing Bitcoin to the Japanese populace and repairing the damage caused by the Mt. Gox implosion. When....

Not too long ago, the once largest bitcoin exchange in the world, Mt. Gox, suffered hacking attacks that led to the loss of several bitcoin and client funds. Its CEO, Mark Karpeles, is still under investigation for allegedly tweaking the accounts to funnel money to his own pocket. With that, the Japanese bitcoin exchange industry has been riddled with negative vibes, until bitFlyer came along. bitFlyer was launched by Yuzo Kano, a derivatives and convertible bonds trader at Goldman Sachs Group Inc., to recapture the market lost to Mt. Gox and hopefully restore confidence in the....