News Japanese cripture: Bitflyer, GMO Corn and Coincheck.

[Paha87]

The largest crypto-exchange in Japan, Bitflyer, will freeze accounts used to manipulate prices. Meanwhile, GMO Internet has published quarterly earnings for its subsidiary crypto-exchange, which currently wants to borrow bitcoins from some customers. In addition, Coincheck plans to resume work next month after the $530 million hack occurred earlier this year.

Bitflyer and price manipulation
Bitflyer, Japan's largest crypto-exchange by trading volume, still does not register new accounts. The exchange made this decision voluntarily after receiving an order for business improvement from the country's main financial regulator - the financial services Agency (FSA).

Bitflyer announced Thursday:

"In accordance with our Terms of use, we may freeze accounts that are suspected to have intentionally manipulated the market or committed other forms of malicious price change. We will continue to do our best to create an efficient trading environment."

Order for improvement of business received Bitflyer, contains the "10 measures to prevent failures Bitflyer and manipulating the stock market", - said the FSA. Five other exchanges received an order for improvement at the same time. However, unlike Bitflyer, Their list contains less than ten items and does not include a "radical revision of the management system."

Bitflyer, immediately after receiving instructions, suspended depositing and withdrawing funds previously, in order to comply with an FSA order. The exchange then presented its improvement plan to the Agency on 23 July.

GMO Coin wants to borrow bitcoins
The Japanese Internet giant GMO Group published its quarterly earnings report, and added that the company produced operating income for its crypto-business in the second quarter after a loss in the first due to a sharp drop in cryptocurrency prices. GM representatives explained:

"In the business associated with virtual currency, the number of new accounts opened steadily increased due to aggressive advertising activities. Operating profit in this segment was 1 ' 612 million yen [~14.5 million US dollars], and operating loss was 258 million yen [~ 2.3 million dollars]."

Meanwhile, GMO Corn, a crypto-exchange running GMO Internet, is currently accepting applications from customers wishing to provide the company with their bitcoins. Customers can apply from 24 July to 6 August. The minimum loan, which is an example of GMO from customers, will be 10 BTC, and the maximum - 200 GMO.

Coincheck will re-open in August
Since the hack in January, the crypto exchange Coincheck has suspended the registration of new accounts. President of Monex Group Aki Matsumoto said on Friday that he expects the resumption of Coincheck in August.

Monex Group acquired Coincheck in April after the crypto exchange was hacked in January. According to the financial reports of Monex Group for the period from April to June, made payments for Coin crack in the amount of 259 million Yen (~ 2.33 million US dollars).

Matsumoto said:

"I would like to resume full Coincheck service in August. The Coincheck control system improved significantly when Monex Group started its work."

Meanwhile, Monex is also trying to enter the crypto market through its subsidiary in the US, Tradestation Group, showing its presence on two of the list of the world's largest crypto markets.

Link to the source of information(Russian) - https://altstake.io/news/novosti-yaponskih-kriptobirgh-bitflyer-gmo-coin-i-coincheck