Subscribe
June 25, 2026
Sign In

Capitalizations Index – B ∞/21M

Menu
Breaking
Why Critics Condemn Bitcoin: Energy, Volatility, and Risks How to Run a Bitcoin Node: Download & Sync Bitcoin Core Boosting Bitcoin Security: The Power of Running a Node Bitcoin Mining’s Growing Shift to Renewable Energy Sources Bitcoin: Decentralized Currency Unbacked by Governments

Japan’s Banking Giant SBI Delays Launch Of Crypto Exchange To ‘Strengthen Security’

Japan’s banking giant sbi delays launch of crypto exchange to ‘strengthen security’

Japan’s Banking Giant SBI Delays Launch Of Crypto Exchange To ‘Strengthen Security’

Japan’s banking giant sbi delays launch of crypto exchange to ‘strengthen security’

Japan’s financial services conglomerate SBI Group announced in a post on its site Tuesday, Feb. 27 that it has to postpone the launch of its planned cryptocurrency exchange.

In the public announcement, SBI apologized for the delay and explained that the company had to postpone the launch of the exchange for security improvement purposes.

“We decided that it will take some extra time to further strengthen security measures, assets management, and customer management systems to ensure the protection of cryptocurrency exchange users,” SBI wrote in the announcement.

SBI Group first revealed its plans to launch cryptocurrency  exchange SBI Virtual Currencies in October, 2016. In December, 2017 Cointelegraph reported that SBI announced its partnership with bitcoin trading platform Huobi to launch the exchange in early 2018.

SBI’s move to boost the exchange’s security system is likely in part motivated by the massive $534 mln hack of one of the largest Japanese cryptocurrency exchanges Coincheck on Jan. 26. “The biggest theft in the history of the world” forced Japan’s Financial Services Agency (FSA) to increase the scrutiny of cryptocurrency exchanges, with particular attention to computer system safety measures and the management of customers assets.

Published at Thu, 01 Mar 2018 13:51:05 +0000

bitcoin[wpr5_ebay kw=”bitcoin” num=”1″ ebcat=”” cid=”5338043562″ lang=”en-US” country=”0″ sort=”bestmatch”]

Previous Article

BTC to Lambo Report 03/01/2018

 Next Article

GenieICO: Revolutionizing Peer to Peer Lending

You might be interested in …

Avalon Life Puts Land Ownership on Blockchain, Launches GREEN EARTH ZERO Service with NEM Technology

Cryptocurrency mining startup  Avalon Life has announced its GREEN EARTH ZERO service, a blockchain-based technology that will empower participants to own land in Costa Rica, by the square meter. The service will run on NEM blockchain technology and will be supported by the cryptocurrency, GREEN EARTH ZERO Token.

[Note: This is a press release.]

Avalon Life is designed for everyone, irrespective of whether they are familiar with cryptocurrencies or not. In order to facilitate all-round participation, the platform has simplified the whole token sale process, as much as possible. Those interested in being part of Avalon Life’s Green Earth Zero project can do so by completing a simple, three-step sign-up process. Once done, they can directly login and purchase the Green Earth Zero tokens in a secure fashion.

GreenEarth : An Avalon Life Product

The company will facilitate the storage of the new token on its customized NEM technology based blockchain wallet which is available at www.greenearthwallet.com. The Green Earth Zero Service is considered a breakthrough in the field and marks the first ever blockchain-based technology to offer a real-world application to the growing issue of land ownership.

With the Green Earth Zero project, Avalon Life intends to help more people of Costa Rica to realize their dream of land ownership, with the aid of a decentralized registry, made possible with blockchain technology.

Avalon Life is not new to the cryptocurrency industry. The company has been involved in DASH mining operations, spread across five facilities in Costa Rica and Switzerland. As the company looks forward to expanding the mining operations, it has also branched out to create cryptocurrency ecosystems that can solve various real-world problems.

The use of NEM blockchain for this purpose is influenced by its ease-of-use, supported functions, and future adoption. NEM’s permission-chain adaptation “Mijin” is already being tested by financial institutions in Japan and other places.

Images courtesy of GreenEarthWallet, Pixabay

The post Avalon Life Puts Land Ownership on Blockchain, Launches GREEN EARTH ZERO Service with NEM Technology appeared first on Bitcoinist.com.

Close Menu