Japan Can Have More Than 3M Crypto Traders, FSA Says

As of the end of March, 142 000 people in the country are investing in crypto-margin positions and futures
10 April 2018   170

The Financial Services Agency of Japan (FSA) for the first time published official statistics on cryptocurrency trading. Judging by the data collected on 17 trading floors, as of March 31, at least 3.5 million people in the country are engaged in digital assets trading. This is reported by Coindesk.

Among them, traders under 30 years old make up 28%, up to 40 years 34%, and up to 50 years - 22%, respectively. It is noted that the publication of this data was the next step of the FSA on the way to increasing the transparency of the local crypto exchange industry after the of more than half a billion dollars stolen from the Coincheck exchange.

In addition, according to the regulator, as of the end of March, 142 thousand people in the country are investing in crypto-margin positions and futures.

It is noteworthy that the annual trading volume directly by bitcoin increased from $ 22 000 000on March 31, 2014 to $ 97 000 000 000 in 2017. At the same time, trading in margin, credit and futures positions on bitcoin increased from $ 2 000 000 in 2014 to $ 543 000 000 000 only in 2017.

Zilliqa is holding a meetup in Singapore

High throughput blockchain platform Zilliqa is organizing a meetup session in Singapore on May 23 to share its progress and preview its new smart contract language Scilla
24 April 2018   26

A meetup titled "Zilliqa: Sharding in Action & Security by Design" by Zilliqa project will take place on May 23 at The Metro@ thebridge. Zilliqa is a new high-throughput public blockchain platform that can enable real-world applications considered impossible up to the moment. Zilliqa utilizes the idea of sharding to reach thousands of transactions per second without sacrificing security and decentralization.

The session will covering the so-far progress of the project, the partners joining the project and the preview of the new smart contract language Scilla that further improves on security for smart contracts. The event is going to be broadcasted love on YouTube. The agenda of the meetup is as follows

  • 18:45 - 19:00 Overview of the Zilliqa project
  • 19:00 - 19:20 Session with partners of Zilliqa
  • 19:20 - 19:50 Demo: Testnet & secure smart contracts with Scilla
  • 19:50 - 20:40 Networking

At the moment of publication, Zilliqa market parameters are as follows:

  • Average price $0.099018
  • Market cap $721,249,874
  • Volume (24H) $86,625,700