Private Equity Moris Beracha Wuani

  BY Erik Gibbs    Japan has always been a leading country. It embraces new technologies quicker than most others and this has even included cryptocurrencies. A recent discussion on the future of integrated resorts (IR) and crypto in the country reveals that, if it chooses, Japan could become one of the first countries to fully embrace digital currencies as a form of payments at its casinos. Could Japan's IRs accept crypto? The discussion took place during a panel session at the iGaming Asia Congress, which was held this week at Studio City in Macau. The event wraps up today and saw participants involved in the “Spotlight on blockchain and crypto regulation in Asia” talk on Wednesday. During that talk, Japan was singled out for its experience and adoption of crypto, and how these could give it a serious competitive edge in the casino industry if it decides to allow crypto in the country’s casinos and IRs. One of the panelists in the discussion, Bitwork Asia co-founde...

By Moris Beracha .- A large number of companies that have significantly invested in the production of cryptocurrency mining hardware may be throwing in the towel, driven by the stagnation of the market. Some portals such as Amazon have had to sell mining machines, video cards, and power sources, among other equipment, at discounted prices to exhaust the existence of these equipment and of course avoid excess of inventory. In early 2018, these products were sold at profitable prices, but the sharp drop in prices of Bitcoin, Ethereum and other cryptocurrencies led to a major beating in prices for these products. In a press release, the Japanese consortium GMO Internet Inc., a competitive cryptocurrency mining hardware manufacturer in the market, announced its decision to cease operations in its cryptocurrency mining business. The company, specializing in Internet infrastructure, reported that the losses of its business related to cryptocurrency mining...

By Helen Partz A former Deutsche Bank trader has joined Japanese crypto exchange-startup FXcoin Ltd., Bloomberg reports September 3. According to the announcement, Yasuo Matsuda, an institutional trader from Deutsche Bank, will join FXcoin as a senior crypto strategist starting in September 2018. The strategist position includes providing analysis of crypto markets and daily reports on the market’s activity. The newly appointed 49-year old Matsuda worked as foreign-exchange dealer at the German bank from 2012 until this June. FXcoin Ltd., founded in September 2017, is currently seeking regulatory approval from Japan’s financial regulator the Financial Services Agency (FSA) in order to operate “virtual currency-related business.” The startup has reportedly applied with the regulator to exchange cryptocurrencies such as Bitcoin (BTC) under a licensing system that was adopted last year. FXcoin’s founder and CEO Tomoo Onishi is a veteran employee at Deutsche ...