BitFlyer to Ban Market Manipulators Accounts

The registration of new accounts on bitFlyer is still suspended at the request of the local financial regulator
30 July 2018   616

The largest Japanese cryptocurrency exchange bitFlyer warned its users about possible accounts ban, caught in market manipulation. This is reported by Bitcoin.com.

In accordance with our Terms of Use, we may freeze accounts observed to have intentionally performed market manipulation or other forms of maliciously setting market prices. We will continue to do our best to build a sound trading environment.
 

bitFlyer

Meanwhile, the registration of new accounts on bitFlyer is still suspended at the request of the local financial regulator. The latter insists on the implementation of 10 measures aimed at "a cardinal increase in the efficiency of business operations and management systems."

However, against the background of some problems with bitFlyer, the first serious success was reported by another Japanese exchange - GMO Coin. According to its representatives, the company managed to receive operating profit of 1,612 million yen (approximately $ 14.5 million) in the second quarter. At the same time, in the first quarter of this year, crypto-exchange has registered a certain loss, which in GMO Coin is associated with a decline in activity due to a significant decline in the prices of digital assets.

As for the Coincheck, which soon after the hack was taken over by the online broker Monex, its full-fledged restart is planned for August.

Most Crypto-Optimists Live in Norway, Bitflyer Study

According to bitFlyer's poll on future of crypto, europeans believes cryptocurrency has future
24 April 2019   374

Most Europeans believe that in ten years digital currencies will continue to be in demand, but they do not have the same confidence about Bitcoin. This is reported by Cryptonews, citing a study of the bitFlyer.

10 thousand people from ten European countries took part in the online survey. Of these, 63% believe in a “bright future” cryptocurrency. However, not all Europeans are confident in the future of Bitcoin - only 55% believe that the first cryptocurrency will exist in ten years.

It is also noteworthy that, despite the fall in prices of most cryptocurrencies that lasted for almost a year, the majority of respondents positively assessed the prospects for the development of the market.

Most of the “crypto-optimists” turned out to live in Norway - 73% of the inhabitants of this Scandinavian country are convinced that a decade later, digital currencies will still be in society. This is followed by Italy (68%), the Netherlands and Poland close the top four (67% each).

The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time
The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time

But the exact form of cryptocurrency will exist, almost no one knows. Only 8% believe that they will become money, and 7% - a tool for investment or a means of preserving value.

The fact that Bitcoin is not generating as much support as other cryptocurrencies is in part a symptom of the market’s volatility, but is also a direct impact of the constant media attention that is associated to its volatility.
 

Andy Bryant

COO, bitFlyer Europe

He also added that the study demonstrated how much remains to be done to increase public awareness of the benefits and opportunities of cryptocurrencies.