Weekly cryptocurrency news | Binance’s service guide for Japan attracts attention, Japanese government strengthens tracking of cryptocurrencies, etc.

news of the week

We will deliver the news mainly for one week (5/20-5/26).

This week, major crypto asset (virtual currency) exchange Binance announced the end of its global platform service for Japanese residents, and other news was read the most.

Regarding the market, the report on the 22nd, which summarizes the fact that the Bitcoin (BTC) market is in a poor state, is attracting attention.

In addition, an article reporting that the Japanese government has passed a cabinet decision to tighten regulations on virtual currencies also attracted a lot of attention.

table of contents
  1. This week’s news ranking
  2. Market news ranking
  3. Virtual Currency/Blockchain Industry News

This week’s news ranking

1st place: Binance announces the end of the global version of the service for Japanese residents (5/26)

On the 26th, in order to comply with Japanese regulations, Binance announced the planned launch date of a new platform for Japanese residents, “Binance JAPAN (tentative name)”, and the termination of the global platform for Japanese residents. (the article ishere)

2nd place: Japanese government enforces new rules to strengthen tracking of virtual currency transactions from June (5/25)

On the 23rd, the Japanese government approved a cabinet order to tighten regulations on virtual currencies. This is a revision of the Act on Prevention of Transfer of Criminal Proceeds. In Japan, there have already been confirmed cases in which related information was sent to users from exchanges. (the article ishere)

3rd place: “X Day” approaching US debt ceiling problem, possible scenarios and their impact (5/25)

Negotiations between President Biden and House Speaker McCarthy over raising the debt ceiling have stalled as U.S. Treasury Secretary Yellen warned the government could run out of cash on hand on June 1. Yields on US Treasury bills surged as a result. (the article ishere)

Market news ranking

1st place: The Bitcoin market continues to be poor, and the US debt ceiling problem is also a burden (5/22)

Bitcoin fell 1.89% from the previous day to $26,665. Due to pressure from the US SEC (Securities and Exchange Commission) and uncertainties in the market such as the US debt ceiling issue, there are few clues to buy, and it is falling into a poor state. (the article ishere)

2nd place: Bitcoin trending in a narrow range, on-chain data observed acceleration of accumulation by long-term holders (5/24)

Bitcoin fell 0.67% from the previous day to $27,148. The price continued to struggle in a narrow range with a 0.96% decline from the previous week and a 1.38% decline from the previous month. (the article ishere)

3rd place: Bitcoin falls to the $25,000 level, while the financial market is becoming more cautious (5/25)

On this day, as the U.S. Treasury Department sounded the alarm bell and the “June 1” limit, which is said to dry up government funds, was approaching, market sentiment cooled as no major progress was seen in talks between the ruling and opposition parties. rice field. Bitcoin has been struggling at the neckline for some time, but the negative line from the previous day showed that buyers were exhausted, and the technical situation deteriorated. (the article ishere)

Virtual Currency/Blockchain Industry News

Hong Kong enforces new rules for virtual currency exchanges from June;

Hong Kong’s Securities and Futures Commission (SFC) announced on the 23rd that it had completed its consultation on the regulation of cryptocurrency exchanges. The consultation has ended and the new cryptocurrency exchange regulations will come into effect from June 1st as previously reported. (the article ishere)

STEPN supports “Apple Pay” of Apple Inc. To become a bridge between Web2 and Web3 (5/23)

The fitness app “STEPN” announced on the 22nd that it supports Apple’s payment service “Apple Pay”. Users can now use Apple Pay to purchase Stepn products directly within the app. (the article ishere)

Chinese state TV reports Hong Kong cryptocurrency news, commented by Binance CZ (5/25)

China’s state-run Central Television (CCTV) reported Hong Kong’s cryptocurrency news on the 23rd. Binance CEO Changpong Zhao (CZ) said, “This is remarkable.” (the article ishere)

Solana Introduces ChatGPT to Blockchain Promoting the Use of AI (5/24)

The Solana Foundation, which supports the Solana (SOL) network, announced on the 23rd that it has launched a plug-in for generative AI (artificial intelligence) “ChatGPT”. The plugin allows the Solana blockchain to interact with ChatGPT’s artificial intelligence. (the article ishere)

Unciphered points out vulnerabilities in hardware wallets, exploits Trezor products (5/25)

Security firm Unciphered claims on the 25th that it was able to hack Trezor Model T, a product of cryptocurrency hardware wallet company Trezor. The process of analyzing the seed phrase (default password) from the wallet was shown on YouTube. (the article ishere)

What is BRC-20? Possibilities and Challenges of Bitcoin Token Standards (5/20)

The use of the Bitcoin blockchain is expanding, and as part of that, a new standard called “BRC-20” has appeared. In this article, I explained the basic concepts of this standard. (the article ishere)

US Stably Launches “BRC-20” Standard Stablecoin First Bitcoin Network (5/26)

Stably, which provides payment infrastructure for Web3, announced on the 25th that it will start offering a US dollar-denominated stablecoin “Stably USD” on the Bitcoin network. Created with the Bitcoin blockchain token standard “BRC-20”, the ticker symbol is “#USD”. (the article ishere)

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