A number of negative incidents have occurred in succession within the cryptocurrency market of Japan.
The first is that the cryptocurrency exchange Binance has ceased its developments in Japan. They withdrew from the Japanese market after a warning from the Financial Services Agency that made it sound like they were committing a crime.
They had already achieved remarkable results in the industry. It is true that by skirting certain regulations and taxes, they weren’t competing on a level playing field with other businesses. However, they were a genuine fin-tech company that was an industry leader in innovation. It is regrettable that their expansion into Japan has come to an end.
Continue reading “Sayonara, Japan’s Cryptocurrency Market”
So many frauds
There are rampant frauds by phishing websites that disguise as exchanges. What is more, their methods are also becoming increasingly cunning, sometimes leading the victims to enter their own private keys, tricking them into thinking that they are being helped to retrieve cryptocurrencies that have been sent as a mistake. We might even start seeing things like “private key storage services” that eventually demand ransom cryptocurrencies from their users.
It goes without saying that we must be careful not to be tricked by these straightforward frauds. However, we need to be especially alert against more shrewd frauds. I will not name them here, but there are so many of them in the world of cryptocurrency.
Continue reading “ICO fraud, hard fork fraud, simple fraud”
The era of Moms doing ICOs has arrived
When I attended a consensus in this year, I was approached by a woman around my parents’ age who said, “I am going to do an ICO.” Just in case anyone doubts me here, this really is a true story.
After that happened, as I was thinking “the day when mothers are doing ICOs must be quite soon,” after returning to Japan I quickly began talking in various places about how “when mothers start talking about doing their own ICOs, it might be time to be careful.”
That has become a reality faster than I thought it would. It has truly become the era when moms come to ask for advice regarding ICOs. If your mother came to your place and asked for advice, you must give advice so that she does not conduct fraud without intending to do so.
Continue reading “Mom’s ICO”
The major premise of ICOs
What do ICOs destroy? I have declared that I will stop talking about this in public, so I had put down what I always used to say when I had the opportunity to talk in public in a written document.
Many people understand ICOs to be an easy method of fundraising. I think this is because their full name is “Initial Coin Offering” a name similar to IPO. However, the more that one gains a correct understanding of the actual state of ICOs, the more one realizes that what ICOs have changed is not the ease of amassing funds.
What ICOs have changed is the ease of providing funds. First of all, this is the major premise.
Continue reading “What do ICOs destroy?”
In this world, there are people who want to prove their existence even if it means holding others back. Regardless if they realize it or not, they are not productive when they are criticizing others.
In the world of cryptocurrencies, many people are considered “shady” if not downright frauds, and thus they have many enemies. Many are criticized, by people standing in the safe zone, for being “gray” simply because the gray zone is so large.
However, in my opinion, it was those people who are now considered “gray” that first saw the possibility of ICO and the use case for next-generation blockchain. In fact, from my experience of interacting with a wide range of people, I have realized that people who reside on the extremes are truly admirable.
Continue reading “The Real Innovator”