Japan Government’s Crypto Czar Touts Nation’s Web3 Capabilities

Japan was an early adopter of blockchain technology and cryptocurrencies before exchange breaches prompted a ban. But as the crypto market advances, the government has become a crypto supporter.

The race to promote and adopt the crypto market and its benefits for the growth of financial systems has led many countries to introduce new updates and crypto solutions. 

Japan is among these countries striving to step up and promote better crypto accessibility solutions for its community. 

Also Read: SBI, a Japanese e-Commerce site, adopts BTC and XRP

Masaaki Taira, a politician in the ruling Liberal Democratic Party and the chairman of its Web 3.0 project team, said on Thursday at the NexTech Week trade exhibition in Tokyo that Japan has seen the future — and its blockchain.

Taira, a vocal proponent of Bitcoin, used his presentation on national strategies for emerging technologies to showcase Japan’s potential in Web3, or the concept of a new Internet based on decentralized blockchain technology, the metaverse, and non-fungible tokens (NFTs).

“While other jurisdictions attempt to regulate a space that is not yet fully understood, Japan already has a relatively good grasp of what it is that we’re trying to promote,” Taira said, adding that global technology businesses are taking notice.

Japan’s government and Prime Minister Fumio Kishida have embraced developing technologies, particularly Web3, as foundations of the country’s economic future. This comes when U.S. cryptocurrency exchanges are sued, causing regulatory chaos and casting questions on the country’s Web3 future.

In comparison, a white paper from the Japanese government that came out in April explained how the country could get everyone to use Web3, which includes crypto. Since the paper came out a few weeks ago, it has become a “major talking point” in Japan and around the world, said Taira.

Crypto Adoptions in Japan: 

Before the government’s shift toward crypto and blockchain started picking up speed at the start of this year, it seemed like the digital asset space in Japan was stuck.

Even though Japan was one of the first countries to use cryptocurrency, the 2014 failure of the Tokyo-based cryptocurrency exchange Mt Gox and the 2018 hack of the Coincheck exchange, in which hundreds of millions of dollars worth of cryptocurrency was stolen, have hurt trust in the industry.

The Financial Services Agency then cracked down on trade platforms, making them follow stricter rules. This caused some exchanges, including Binance, to leave the country in 2018.

But when the FTX exchange failed in November of last year, customers worldwide lost a lot of savings and investments. Japan’s FTX clients were protected, and their money is in the process of returning to them. 

Also Read: Japan Sets New Regulations for Virtual Assets Margin Trading

According to Taira, Japan’s cryptocurrency exchanges are the safest globally. He further mentions that it’s hard to believe that company and customer assets weren’t kept separate during the FTX situation.”

In his discussion about Japan’s crypto market and its potential, he also talked about Japan’s progress concerning the crypto market so far. 

Taira also shares that Japan’s experiments with stablecoins are paying off. The government advisory group he heads is looking into ways to link public and private blockchains to make them more scalable.

Aside from that, he said that Japan’s soft power strengths in anime, manga, and games work well in the Web3 space, especially in NFTs and metaverse development, which have a lot of promise but haven’t been fully explored yet. 

Also Read: Japanese E Commerce Giant Rakuten Ventures Into Cryptocurrency

How is Japan Planning to Grow Its Web 3.0 Industry? 

The Web3 project team of Japan’s ruling Liberal Democratic Party just submitted a whitepaper with suggestions for improving the country’s crypto industry. This is part of Prime Minister Fumio Kishida’s “Cool Japan” project to promote technology.

Other governments are trying to put regulations in place to protect customers. Still, Japan is trying to make a friendlier environment for crypto because companies started leaving because of the high taxes.

The white paper says that Japan should show leadership at this year’s Group of Seven meetings, where crypto will be discussed. 

It also says that the country should look ahead to the future potential of Web3 and clarify its leading stance on technology-neutral and responsible innovation.

It also suggests making more changes to tax rules, pointing out that token producers have already been given a big break. 

One of the ideas is to not tax companies that hold tokens made by other companies that won’t be sold in the near future. It says buyers should be able to self-assess so that losses can be carried over for three years. It also says that crypto assets should only be taxed when traded for fiat currency.

Also Read: Google Announces Major Generative AI Power Updates On Its Search Engine

Bitget Enhances Referral Program with Bigger Bonuses

Victoria, Seychelles, May 12, 2023 – Bitget, top crypto derivatives and copy trading platform, today announced the launch of its new referral program, which offers users up to 9,000 USDT in rewards when they invite friends to the recently upgraded Bitget platform. 

Bitget has revamped its website and services to provide an improved user experience with features that make the growing world of crypto more accessible. The new referral program allows existing users to earn bonuses and fees when inviting new users to discover the benefits of Bitget.  

With every friend invited and as milestones are reached, referrers can earn up to 9,000 USDT. The program offers rewards at multiple levels, including: 

•100 USDT coupon for 50% off trading fees when a new referral’s net deposit reaches 50 USDT in 30 days. The coupon caps are at 100 USDT.  

•The value of the Mystery Boxes can be up to 500 USDT, which can be earned from higher volume targets. 

•New referral rules: Complete deposit tasks to immediately earn a 100 USDT coupon. Earn Mystery Boxes for any trade type as long as volume targets are met. 

We aim to spread the opportunities of crypto and our new features help users get rewarded every step of the way,” said Gracy Chen, Managing Director of Bitget.As our mission is to inspire more people to embrace cryptocurrency through education and community. We are making different approaches to invite more people to join and let crypto enthusiasts earn while supporting our vision to build the future of finance.”   

While enhancing its platform and referral program, and refining products and services, Bitget also launched a new feature, Super Airdrop, for its platform token BGB. With this new feature, eligible BGB holders will receive airdrops of any new crypto asset listed on Bitget. 

About Bitget

Bitget, established in 2018, is the world’s leading cryptocurrency exchange with futures trading and copy trading services as its key features. Serving over 8 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution. It also inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the leading Italian football team Juventus, and official eSports events organizer PGL. According to Coingecko, Bitget is currently a top 5 futures trading platform and a top 10 spot trading platform.

For more information, visit: Website  |  Twitter  |  Telegram  |  LinkedIn  | Discord

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Bitget Introduces the BRC20 Zone and Lists Ordinals (ORDI)

May 10 2023 Victoria, Seychelles – Bitget, the top derivatives and copy trading platform, has announced the listing of the ORDI token in the newly launched BRC-20 zone and has also revealed plans to bring other promising BRC-20 tokens to its platform. In addition to ORDI, Bitget has also announced a new round of Launchpad featuring another BRC-20 token, Bitcoin Improvement Proposals 1 (BIP1), to further support the continuous improvement of the Bitcoin ecosystem.

BRC-20 is a new fungible token standard designed for the Bitcoin blockchain that has become one of the latest trends in the industry. This new token standard is set to revolutionize the crypto space. Built on the Ordinals protocol, BRC-20 is a coin on Bitcoin that allows users to write information to each Satoshi, such as text, pictures, audio, and video, among others. The protocol aims to inscribe information mainly in the form of NFTs and tokens on the BTC chain, despite the size limit of the Bitcoin block. The introduction of BRC-20 and Ordinals will enable users to create and manage more efficient and secure blockchain-based assets.

“Bitget is excited to list ORDI and be among the first exchanges to offer BRC-20 tokens to our users,” said Gracy Chen, Managing Director of Bitget. “We believe in the potential of this token standard to enhance the functionality of the Bitcoin blockchain and provide more truly decentralized opportunities for the crypto community. Bitget is committed to supporting the BRC-20 ecosystem in the long run and is thrilled to be a part of this innovative development.”

Since its launch just two months ago, the total market cap of BRC-20 tokens has already surpassed 1 billion on May 9, proving the demand for this innovative standard. The deposit service of ORDI started at 12 PM UTC on May 10th, 2023, and trading commenced on the same day. Bitget users can now trade and transact with BRC-20 tokens, with futures trading and other features coming soon. Bitget aims to offer a seamless trading experience for its users and continues to innovate and add new features to its platform. The launch of the BRC-20 token is just one of many exciting developments to come from Bitget.

As a leading derivatives crypto platform, Bitget is expanding its product offerings beyond derivatives. Bitget is also rapidly listing promising coins in its revamped Innovation Zones on Bitget Spot, providing users with access to the most trending sectors, such as MEME, Liquid Staking Derivatives, BRC-20, NFT and so on. According to Coinmarketcap, Bitget Spot now supports over 500 coins with approximately 551 trading pairs.

About Bitget

Bitget, established in 2018, is the world’s leading cryptocurrency exchange with futures trading and copy trading services as its key features. Serving over 8 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution. It also inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the leading Italian football team Juventus, and official eSports events organizer PGL. According to Coingecko, Bitget is currently a top 5 futures trading platform and a top 10 spot trading platform.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord

For media inquiries, contact:

FinRex Looks To Become One Of The Best Digital Asset Trading Platforms

The world of digital asset trading is ever-changing and expanding. As cryptocurrencies and other digital assets gain popularity, an increasing number of investors are gravitating towards trading platforms to buy and sell these assets. Meanwhile, with so many options available, determining which platform is the best fit can be difficult.

Nonetheless, FinRex appears to check all of the boxes, so let’s look at the most important characteristics and advantages to look for in a digital asset trading platform.

Safety is essential

Security is one of the most important aspects of any trading platform. With the possibility of fraud and hacking, selecting a platform that prioritizes security is critical. Also, because of their digital nature and the decentralized nature of cryptocurrencies, crypto trading platforms in particular are vulnerable to hacking and other cyber threats. These threats can range from simple phishing attempts to sophisticated exploitation attempts that take advantage of flaws in the platform’s security infrastructure.

While these platforms’ security measures are constantly being improved to combat these threats, it is critical for users to exercise caution and practice good habits to protect their assets. This includes employing strong, one-of-a-kind passwords and keeping personal information private. Users can help ensure the security of their digital assets in the face of pervasive and evolving threats by doing so.

It is therefore vital to look for a platform like FinRex that employs advanced security measures to protect users and their funds as well as private information. Furthermore, platforms that are registered and compliant with regulatory bodies provide additional peace of mind. FinRex in particular looks to leverage the Ethereum blockchain to successfully rebuild financial markets.

Variety of assets and user interface

When trading digital assets, it is often ideal to utilize a platform that is user-friendly and accessible like FinRex. The platform’s interface should be simple to use and provide all of the information needed to make sound trading decisions. With FinRex, users are greeted with an elegant, sleek, and modern user interface that has also neatly arranged everything in helpful sections.

Moreover, a reliable digital asset trading platform ought to provide a diverse selection of assets. Not only does FinRex allow users to trade with more than 60 different crypto assets, but the platform also provides access to stocks, commodities, and forex markets. This allows users to truly diversify their portfolios and capitalize on new opportunities in the digital asset industry. As a matter of fact, FinRex users can trade stocks on the weekend, react to breaking news in real-time, all while knowing that the platform will keep their assets safe no matter what.

So, is FinRex worth it?

As previously mentioned, it can be hard to ascertain which platforms are worth relying on in this day and age due to the sheer number of choices available. Still, FinRex appears to have everything that both veteran and novice traders need to get started, including copy trading capabilities for the latter. Furthemore, the platform has zero fees, and all of FinRex’s features can be accessed in one, convenient application.

Naturally, one should take the time to examine and contrast various platforms and don’t be afraid to test out a few before making a final decision. Nevertheless, FinRex enables its users to trade with confidence by prioritizing security, user interface, asset variety, fees, and dependable customer support.

Check out FinRex’s official website and Twitter channel for regular updates and additional information.

Weekly Crypto News for the Last Week of April 2023

Artificial intelligence has enormous promise as it becomes more integrated into our lives, from cell phones to ChatGPT. Considering this, the AI world is witnessing constant and frequent advancements.

The latest update for the last week of April 2023 contains significant breakthroughs and announcements in data science, machine learning, and artificial intelligence. Let’s go ahead and explore some prominent AI news updates. 

AI News Key Highlights:

  • Stanford has issued their yearly AI Index Report for 2023, which highlights, among other things, how much AI research has moved from academia to industry and quantifies the field’s growth over the last decade.
  • With its revolutionary v5 picture generation model, Midjourney (an independent research lab) has taken the world by storm. Adobe is developing competitive solutions for its creative suite, but it appears they are failing to achieve comparable quality since they are more cautious with training data to avoid accidentally using copyrighted data. Runway, the company behind Stable Diffusion, has been promoting its new video generation tool Gen 2, for quite some time.

Also Read: Solana Labs AI Can Now Fetch Blockchain Data With its ChatGPT Plugin

  • GitHub has released Copilot X, a major update to Copilot that includes chat and voice interface capabilities, support for pull request completions, question answering on documentation, and the adoption of GPT-4.
  • During their most recent developer conference, Nvidia announced their efforts to become the leading foundry for large foundation models. Clients will be able to define the model they wish to train, and Nvidia will train the model for them using their infrastructure and expertise. Meanwhile, Google has detailed its latest TPU v4 accelerators in a new paper.
  • Researchers from Zhejiang University and Microsoft Research Asia have published a paper that investigates using large language models (LLMs) as a controller to govern current AI models available in communities such as Hugging Face.
  • With the release of the Amazon Bedrock and Titan foundation models, AWS announced its entry into the generative AI competition. Amazon intends to democratize access to generative AI technology by serving clients from various sectors and use cases. This game-changing invention establishes Amazon as a serious rival in the fast-expanding AI business.
  • Visual ChatGPT, a chatbot system that can generate and alter visuals in response to human verbal prompts, was recently open-sourced by Microsoft Research. The system blends OpenAI’s ChatGPT with 22 alternative visual foundation models (VFM) to facilitate multi-modal interactions.
  • StableLM is a new open-source language model from Stability AI. The model’s Alpha version is available in 3 billion and 7 billion parameter versions, with 15 billion to 65 billion parameter models to come. Under the CC BY-SA-4.0 license rules, developers are permitted to inspect, use, and alter our StableLM base models for commercial or research purposes.

Also Read: Crypto and AI: Make the Most of Crypto & Telegram with the AiravatBot Limited Beta

For More crypto and AI news updates, follow