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| June 21, 2018

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Trump’s ‘Space Force’ Raises ‘Alarming’ Flags for One Nation

June 20, 2018 |

President Trump announced his plans Monday to build the “Space Force,” a “separate but equal” sixth branch of the US military, spurring a fair amount of in-depth criticism , joshing , and outright mockery . But one nation in particular is taking Trump’s pledge quite seriously, even expressing concern, per Radio Free Europe…
Newser

Trump Orders Creation of 6th Military Branch: ‘Space Force’

June 18, 2018 |

Army, Navy, Air Force, Marines, Coast Guard … and Space Force? President Trump, speaking at a meeting of the National Space Council at the White House Monday, ordered the Pentagon to create a sixth branch of the military, Politico reports. “We are going to have the Air Force, and we are…
Newser

Trump announces ‘Space Force’ plan as he signs space policy directive

June 18, 2018 |

President Trump signed a space policy directive Monday aimed at coordinating federal and industry efforts to manage space traffic and debris ahead of the expected launch of hundreds or even thousands of small satellites.

Trump also said he would direct the Defense Department and Gen. Joseph Dunford,…


L.A. Times – Business

More Japanese Public Companies Entering the Crypto Space

June 11, 2018 |

More Japanese Public Companies Entering the Crypto Space

Following reports of six publicly listed companies launching their own cryptocurrency exchanges in Japan, three other firms listed on the Tokyo Stock Exchange have announced plans to enter the space with various crypto offerings.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Publicly traded companies in Japan are increasingly seeking to enter the crypto space to offer various crypto-related services. News.Bitcoin.com recently reported that six public companies are planning to launch their own cryptocurrency exchanges including Money Forward, which operates one of Japan’s most popular personal finance apps. An additional three companies have also announced their plans to enter the space with different product offerings.

Samurai & J Partners

Samurai & J Partners (TYO:4764), established in 1996, offers investment banking, fintech, and IT services. In its core business, the firm “invests in listed companies using the method called PIPE (private investment in public equity) investment,” its website describes.

More Japanese Public Companies Entering the Crypto Space

A subsidiary of the company operates a crowdfunding platform that “connects individuals wanting to manage assets and companies that need money.” The platform, called Samurai, already lists a crypto-related fund called the Virtual Currency Mining Fund. On its website, the company also indicates a new service for token offerings.

Furthermore, the firm recently announced its plans to enter into a “money lending business for virtual currency holders.”

Appbank Inc

More Japanese Public Companies Entering the Crypto SpaceAppbank Inc (TYO:6177) plans, produces and manages content distribution such as through videos and live broadcasts of social games. It operates a gaming and smartphone-related media site called Appbank.net. Launched in October 2008, the site claims to be “Japan’s largest Iphone media” service.More Japanese Public Companies Entering the Crypto Space

Last week, the company announced the launch of its Virtual Currency Distribution Content Platform called @Blast, with the grand opening event planned for this month. The firm explained:

@Blast is a web service platform that distributes virtual currencies through various content centered on games and entertainment.

Using this platform, the company plans to “promote the spread of virtual currencies while providing users a place to interact with virtual currencies through this service.”

I-Freek Mobile Inc

I-Freek Mobile Inc (TYO:3845) provides mobile content to cell phone users. The firm recently announced that it has modified its Articles of Incorporation to add “virtual currency exchange” business. The amended Articles are expected to be adopted at the company’s general meeting of shareholders on June 27.

More Japanese Public Companies Entering the Crypto Space

Minkabu publication quoted the company detailing:

We add virtual currency exchange business…[to expand] the content business of the company and its subsidiaries and [to] prepare for future business development.

Do you think more Japanese companies should offer crypto-related services? Let us know in the comments section below.


Images courtesy of Shutterstock, Samurai & J Partners, Appbank, and I-Freek Mobile.


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The post More Japanese Public Companies Entering the Crypto Space appeared first on Bitcoin News.

Bitcoin News

Fidelity Investments Hints at Entering Cryptocurrency Exchange Space

June 7, 2018 |

Fidelity Investments Hints at Entering Cryptocurrency Exchange Space

Fidelity Investments is reportedly taking steps to offer a variation on the cryptocurrency exchange theme. Without an official public announcement, enthusiasts have precious few concrete details on which to hang hope. However, combine the retail legacy asset management company’s long time bullish attitude on bitcoin with what has been revealed this week through internal documents, and the spectre of a whale entering the ecosystem appears to be promising.

Also read: Bitcoin ETF: Firms Team, Reapply, $ 200,000 Price Targets Wall Street Institutions

Fidelity Flexes Muscles in Possible Crypto Exchange Move

Within the corporate world, if there is hesitation on a rollout, or a new product is particularly innovative, novel, trial balloons are floated in circuitous ways, and often to the financial press. Leak the idea to a well read reporter, and watch the broader reaction and reception.

The above planted, note how Business Insider (paywall) let loose juicy tidbits this week regarding an assumed move of Fidelity Investments into the cryptocurrency exchange space. Over two trillion dollars of muscle with closing-in on finishing its 8th decade of operations, it doesn’t come much more whale, much more legacy than Fidelity. Considering too the broader community’s Crypto Winter extending into Spring and not much more happening as it enters Summer, with huge price drops and stubborn lack of real recovery, news of this sort is very much coveted.

Whale Spotted! Fidelity Flexes its $  2+ Trillion Muscle in Possible Crypto Exchange Move

Crypto beat reporter, Frank Chaparro, reveals Fidelity internal documents point to the giant financial institution being on the hunt to fill a newly created development operations engineering position, helping to “engineer, create, and deploy a Digital Asset exchange to both a public and private cloud.” There’s also rumor the firm has been mulling such a move for the better part of a year. Documents also mention positions offering “first-in-class custodian services for Bitcoin and other digital currencies.” Ecosystem press has run wild with speculation on these tasty morsels.

Fidelity CEO Abigail Johnson, 56, caused a stir after assuming the formal helm of its 45,000 employees last Spring. In one of her first public addresses, she openly praised bitcoin. A billionaire many times over in her own right, Ms. Johnson declared, “I love this stuff,” while sporting a Vote Nakamoto President pin.

Fidelity Has History of Supporting Crypto

She went on last year to explain the company has Fidelity Labs largely dedicated to the tech, working with universities such as its hometown MIT Digital Currency Initiative. “Blockchain technology isn’t just a more efficient way to settle securities. It will fundamentally change market structures, and maybe even the architecture of the Internet itself,” Ms. Johnson urged. “I am still a believer. It’s no accident that I’m one of the few standing before you today from a large financial services firm that hasn’t given up on digital currencies,” she reminded at the time.

Fidelity presently has an arrangement with crypto bank Coinbase, which allows links between users’ two accounts respectively. The reported move in creating an exchange, if implemented, would immediately place Fidelity against Coinbase. It would also signal to the broader retail investment community how cryptocurrency will be a standard part of the speculative economy, and soon.  

Whale Spotted! Fidelity Flexes its $  2+ Trillion Muscle in Possible Crypto Exchange Move
Abigail Johnson

On many levels, crypto has sought a kind of mainstreaming for its assets. Fidelity brings that immediately on the first day it establishes an exchange, assuming rumors are true. Coinbase, not to be outdone, has recently announced its overt effort to embrace formal regulation and registration, something Fidelity has long held of course. Susquehanna International Group is also mulling a bitcoin futures move. Goldman Sachs is often linked to crypto desks being contemplated. 

As to whether all this at Fidelity’s end is just a trial balloon, Barron’s quotes a company spokeswoman as responding, “It’s no secret that we are actively exploring cryptocurrencies, including Bitcoin and other digital assets in our Blockchain Incubator at Fidelity. We see the future of financial services taking place on open and permissionless ledgers, with technologies like digital assets, currencies and Blockchains and we are very actively exploring what this may mean for Fidelity. We are hiring to meet the demand for this exploration, but we have nothing to announce today.”

Will Fidelity open a crypto exchange? Let us know in the comments. 


Images via the Pixabay, Fidelity.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Fidelity Investments Hints at Entering Cryptocurrency Exchange Space appeared first on Bitcoin News.

Bitcoin News

With a successful second powered flight, Virgin Galactic could take paying customers to space in a year

May 29, 2018 |

Less than two months after the first rocket-powered test flight of its suborbital spaceplane, Richard Branson’s Virgin Galactic on Tuesday completed another test and moved closer to its goal of regular tourist flights into space.

A four-engine craft with twin booms lifted off from the Mojave Air…


L.A. Times – Business

Trump hurries to cut red tape slowing the commercial space industry

May 27, 2018 |

A Falcon 9 rocket lifted off perfectly from pad 4E at Vandenberg Air Force Base on March 30, carrying aloft satellites for Iridium Communications Inc. Video from the vehicle flipped on 2 minutes and 35 seconds later, just in time for webcast viewers to witness the first stage falling to Earth and…


L.A. Times – Business

Jeff Bezos wants to get back to the moon, but he knows space is no place for going solo

May 26, 2018 |

Amazon’s Jeff Bezos on Friday advocated a return to the moon and said developing infrastructure for humans to live in space should be a collaborative effort among many companies and space agencies.

A long-stated goal of the Amazon CEO and founder of Blue Origin space company has been to see millions…


L.A. Times – Business

$85M Gets You a Condo and a Trip to Outer Space

May 19, 2018 |

The owner of a New York City condominium is including a trip to outer space with the purchase of an $ 85 million apartment, reports the AP . The condo is a 15,000-square-foot duplex located on the entirety of the 45th floor of the Atelier building on West 42nd Street in…
Newser

Newt Gingrich: A glimpse of America’s future in space in 2024

April 22, 2018 |

Two historic events happened this past week that will lay the groundwork for the future of American space exploration.
FOX News