Japan punishes crypto exchanges after hack

Thursday, 8 March 2018

The Japanese government is slapping penalties on several crypotocurrency exchanges in the country, after 58 billion yen ($530 million) of virtual coins were lost earlier this year from hacking.The Financial Services Agency (FSA) said in a statement it had ordered FSHO and Bit Station, exchanges based in Yokohama and Nagoya, to temporarily halt their operations for a month from Thursday.The agency alleged that FSHO “does not have a proper system to monitor trading and has not given training ...

Japan’s fear of China

Monday, 5 March 2018

We often need an out-of-the-box idea in a traditional surrounding in order to have new and different perspectives on the same issue. There is an interest in what is happening in our region not only from the United States, Russia and Europe, but an important and pivotal country, Japan, is also watching the developments in this part of the world with keen interest. Nearly six years ago, I was invited by a global industry research and decision-making center to meet with ambassadors and ...

Hussein Shobokshi

In Japan, Twitter sees a surge of users and revenue

Wednesday, 28 February 2018

Riding a wave of new users, improved advertising options and an embrace of video content by users and advertisers alike, Twitter Inc's revenue has leaped in Japan, helping lead the company to its first quarterly profit. Earlier this month Twitter reported that sales in Japan jumped 34 percent in the last three months of 2017, compared with a year earlier, to $106 million. In Japan, Twitter's success in converting users into revenue - a problem that has vexed the social network since its ...

Olympics: Futuristic pointy-eared mascots chosen for Tokyo 2020

Wednesday, 28 February 2018

Mascot-loving Japan has two new characters to get excited about after two futuristic designs with pointy ears and chequered patterns were unveiled on Wednesday to promote the 2020 Olympics and Paralympics. Chosen by schoolchildren across Japan and announced before a gymnasium of cheering pupils in Tokyo, the as yet unnamed blue character will be the mascot for the Olympics and the pink cherry blossom-inspired one for the Paralympics. "It's quite innovative, I like the blue-check pattern ...

Formula E to show races live on Twitter in Japan

Tuesday, 27 February 2018

Formula E races will be streamed live on Twitter in Japan from the next ePrix in Mexico this weekend, the electric series announced on Tuesday. “This partnership with Twitter is a first for the series and an area we’re looking to expand in the future,” Formula E’s media and business development director Ali Russell said in a statement. Japan is an important market for the series with Nissan set to enter next season and some of the country’s ...

Oil from sunken Iran tanker reached Japan shores

Friday, 23 February 2018

Oil that reached islands in southern Japan earlier this month is highly likely to have come from the sunken Iranian tanker Sanchi, the Japan Coast Guard said on Thursday.Samples of oily matter that washed up on Feb. 8 on the shores of the Okinoerabu and Yoron islands in the Amami chain were found to be linked to the Sanchi’s sinking, the Coast Guard said. The Sanchi sank on Jan. 14 after colliding with a freighter on Jan. 6 in the world’s worst oil tanker disaster in ...

Japan economy grows for 8th straight quarter, longest since 1980s

Wednesday, 14 February 2018

Japan's economy grew for the eighth straight quarter at the end of 2017, government data showed Wednesday, the longest period of expansion since the boom days of the late 1980s.Gross domestic product in the fourth quarter of last year rose 0.1 percent from the previous three months, the Cabinet Office said.But the growth fell short of market expectations for a rise of 0.2 percent and represented a slowdown from the 0.6 percent in the preceding July-September quarter.At an annualized rate, the ...

Robot makes coffee at new cafe in Japan’s capital

Sunday, 4 February 2018

Japan has a new cafe where customers can enjoy coffee brewed and served by a robot barista.The robot named Sawyer debuted this week at Henna Cafe in Tokyo’s downtown business and shopping district of Shibuya. The shop’s name in Japanese means “strange cafe.”The single-armed robot scans a ticket purchased from a vending machine and greets the customer.“Would you care for a delicious coffee?” the barista, with a screen showing a pair of cartoon eyes, asks in a ...

Japan raids hacked crypto exchange, bitcoin plunges further

Friday, 2 February 2018

Japanese authorities on Friday raided virtual currency exchange Coincheck, a week after the Tokyo-based firm lost $530 million in cryptocurrency to hackers.The raid comes as bitcoin dipped below $9,000 for the first time since November after India said Thursday it would take measures to prevent the use of cryptocurrencies. The search of Coincheck’s headquarters in Tokyo’s Shibuya district was carried out by the Financial Services Agency, which had already slapped the company with an ...

Saudi Electricity Company launches electric car project with 3 Japanese firms

Tuesday, 16 January 2018

The Saudi Electricity Company (SEC) has signed on Sunday a cooperation agreement with 3 Japanese firms to implement “Electric Car Pilot Project in the Kingdom”. The projects aims to evaluate and develop such trend in line of the company strategy of reducing dependency on oil and boosting environmental conservation standards by minimizing pollution associated with similar internal combustion engine (ICE) vehicles. The agreement was signed by Executive Vice President, Engineering and ...

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