Japan Roundup: Public Companies Unveil New Mining Plan, Exchange, Token Fund

hree Japanese public companies have individually made announcements regarding their cryptocurrency operations. Forside has grown its mining operation with a plan to sell 7nm bitcoin mining rigs. Farsteps is planning a Singapore exchange launch. Meanwhile, Line Corp, the operator of Japan’s most popular chat app, has added crypto price quotes to its Clova AI assistant and has launched a token fund. In addition, human consultants are now available to answer questions about bitcoin for free from within the Line chat app.

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Chinese Courts Face Hundreds of Crypto Cases, Struggle with Rulings

Falling crypto prices have been blamed for a growing number of crypto-related legal disputes in China. Unclear regulations and unofficial restrictions are making it harder for courts to resolve these cases. Many of them involve cryptocurrency trading which is supposed to be banned in the People’s Republic, or is it?

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The ICO Market Has Hit the Brakes

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Bitmain Launches Key Crypto Mining Facility in Texas

Bitmain Technologies Ltd. is launching a crypto mining facility and blockchain data center in the U.S. state of Texas at a former aluminum smelting facility with a recently-retired coal power station. The company is reportedly getting a tax abatement phased in over 10 years.

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https://news.bitcoin.com/bitmain-crypto-mining-texas/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

“People’s Money” Crypto to Outlast Fiat “Scam” – Rich Dad, Poor Dad Author

The author of the best-selling book ‘Rich Dad, Poor Dad’, Robert Kiyosaki, has spoken in favor of virtual currencies during a recent podcast. Mr. Kiyosaki described the United States Dollar (USD) as comprising a “scam” and predicted that precious metals and cryptocurrencies will outlast fiat currencies.

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Bitcoiners Hope to Have a Friend in Top US Regulator Jay Clayton
Bitcoin might have a mole, a sympathetic insider at the highest levels of the US financial regulatory apparatus, if recent ecosystem press accounts are to be believed. According to a US Securities and Exchange Commission (SEC) meeting transcript, SEC Chair Jay Clayton has privately expressed deep knowledge of cryptocurrencies, including during a heated exchange with staff. Looming spectres of exchange traded fund listings, deciding which digital assets constitute securities, and much more, mean crypto needs all the friends it can get.   

Also read: Coinbase Flexes Muscle, Creates Political Action Committee

Transcript: Jay Clayton Had Heated Exchange with SEC Staff Regarding Crypto
In early June, Eric Werner, Associate Director of Enforcement in the Ft. Worth Regional Office of the SEC, set about welcoming his boss to Houston during a roundtable meeting. Sunshine laws usually demand such events be recorded, and sometimes even transcribed word for word. That appears to be the case here, as Associate Director Werner was tasked with introducing SEC Chair Jay Clayton.

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$26K Worth of Bitcoin Sent to Controversial Activist Tommy Robinson

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$37 Million of Bitcoin Revenue Helps Square Accelerate Growth in Q2

they have a good news.

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