Japan's Crypto Industry to Launch Self-regulating Body

Japanese crypto associations join forces to form a self-regulating body
16 February 2018   525

Japan’s two cryptocurrency industry groups the Japan Blockchain Association and the Japan Cryptocurrency Business Association are planning to merge to form a self-regulating body, seeking to better safeguard investors after last month’s $530 million heist of cryptocurrency. This is reported by Reuters.

The new organization may appoint the heads of the two existing associations as chairman and vice chairman. The Japan Cryptocurrency Business Association said in a statement that nothing has been decided. 

The Coincheck heist exposed flaws in Japan’s system and raised questions over the country’s dash to regulate the industry - a sharp contrast to clampdowns by countries like South Korea and China.

We have recently reported that the UK’s leading cryptocurrency companies have joined together to launch a self-regulatory trade body called CryptoUK to improve industry standards and engage policymakers on the future of the sector.

Change.org to Mine for Charity

According to the calculations, if 10k computers will run the minning screensaver for 12 hours a day, the charity fund will receive $10k monthly
18 July 2018   104

Social platform for petitions Change.org announced the launch of a screensaver that mines Monero on users' computers. All tokens will be transferred to the charity fund of Change.org. This is reported by Coindesk.

This initiative was launched in partnership with the marketing agency Tracelocke Brazil.

Representatives of Change.org report that the screensaver will consume resources only when users do not use the computer. According to their calculations, if 10 thousand computers will run the screensaver for 12 hours a day, the charity fund will be transferred $ 10 thousand monthly.

At the moment the program is available only for Windows users and the platform did not report on the release plans for the version for macOS.

Note that at the end of April, a similar action was launched by the Australian unit of the United Nations International Children's Emergency Fund; (UNICEF). The website "Page of Hope" mines Monero cryptocurrency.