Biggest Railway Company In Japan Planning To Accept Cryptocurrencies

It has been reported that that the biggest railway and subway operator in Japan, Japan Railway Group (JR Group) is considering the integration of crypto assets as a payment option.

According to a local news outlet the JR group is currently planning to establish a cryptocurrency company in partnership with a major bank to integrate cryptocurrencies.

If the said initiative moves forward this would be a massive boost in cryptocurrency adoption in the country as the railway and subway operator service is used by millions of Japanese individuals on a daily basis.

The JR group plans to integrate crypto into Suica card, the national transport card that is used by residents for various payments including subway transactions and may become the biggest stimulus in retail and mainstream cryptocurrency adoption to date.

With this new development Japan further cements itself as one of the leading country in the world leading in merchant adoption of cryptocurrencies.

Tagomi Crypto Brokerage Awarded A BitLicense

A crypto brokerage firm, Tagomi has recently been awarded the 18th BitLicense by the New York Department of Financial Services (DFS).

Moreover, Tagomi Trading LLC, a subsidiary of Tagomi Holdings Inc., was also awarded a traditional state money transmission license

Tagomi is a New Jersey-based institutional-level, investor-focused cryptocurrency trading platform which executes trades across varied liquidity venues.

With the DFS approval Tagomi is now authorized to engaged in money transmission and to offer trade routing and order execution services for non-securities and virtual currencies such as Bitcoin, Ether, Bitcoin Cash and Litecoin

The approval of BitLicense comes in the wake of a recent $12 million funding round by parent company Tagomi Holdings for the purpose of offering prime brokerage services such as margin trading, lending, and shorting.

To date the company has raised a total of around $28 million from investors that includes Paradigm Fund, Peter Thiel’s Founders Fund and Pantera Captial.

Facebook Announces Blockhain Job Oppening s

The world’s most famous social media network, Facebook is planning to beef up their newly created blockchain division by opening up 5 new job openings: Growth product manager, product manager, data scientist, software engineer and business operations manager.

According to the new job post listing the blockchain team startup within Facebook is exploring lots of areas of interest across all facets of blockchain technology with the ultimate goal of helping billions of people in healthcare, equitable financial services, how ones information is used and other blockchain related initiatives.

This is not the first time Facebook listed a blockchain-related job opening, earlier, the company opened a position for a senior lawyer with experience in both blockchain and payments.

The senior lawyer will be responsible for drafting and negotiating a wide variety of contracts related to its blockchain initiatives, along with advising clients on the various legal risk related to the emerging technology.

It was also reported that Facebook is seeking a product manager and mixed methods UX researcher to work in its office in Tel Aviv Israel.

Bitmain Believes 2020 Bitcoin Halving Will Reverse Its Fortunes

Reports has surfaced that cryptocurrency mining giant Bitmain is hinting on a release of a new mining hardware that could potentially hinge on the 2020 Bitcoin (BTC) block reward halving.

This was reported by an English-Language Asia news outlet South China Morning Post last March 27, 2019.

It was revealed by a company source with the knowledge of the plan that the block reward halving could potentially reverse the company’s fortune that has suffered from the market volatility of cryptocurrencies and failed public flotation.

The Bitcoin halving rewards will approximately occur on May 2020 which will see the rewards size decrease from 12.5 BTC to 6.25 BTC per block.

Halving events generally serves as catalyst for Bitcoin bull runs in previous years which many believe to be around 18-months before the actual halving event.

This is due to the accumulation of Bitcoin by investors who are expecting to see an increase of the crypto assets price due to the lowering of block rewards.

Indian Protesters Gathers On The Street To In Support For Cryptocurrencies

Ever since the Reserve Bank of India (RBI) imposed a banking restriction on cryptocurrencies which took effect last July of 2018 cryptocurrencies proponents have challenged the ban in the highest courts in India- The Supreme Court.

Cryptocurrency supporters are now taking the battle in the streets with rallies in Delhi, Mumbai and Hyderabad showing their support to the nascent industry.

Thousands of crypto and blockchain enthusiasts and professionals and stakeholders take the streets to show their support for cryptocurrencies and its underlying technology blockchain.

The fourth and largest of series of blockchain supporter rallies is set for Bangalore on March 30, and is anticipated to have a huge public impact because of the participation of numerous developers.

The Supreme Court is expected to issue a decision in the weeks following the hearing and the Indian cryptocurrency and blockchain community is letting their feelings on the issue known.

According to Akshay Aggarwal the indecision of the Indian government hurts cryptocurrency and blockchain adoption.

Only time will tell if India will partake in the opportunities afforded by the blockchain and cryptocurrency industries or missed out with disastrous ramifications.

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