Cryptocurrency News From Japan: March 29


Cryptocurrency News From Japan: March 29 – April 4 in Review

This week’s headlines from Japan included the country’s Financial Services Agency revealing feedback from the public on recent regulation, the Cabinet Office Ordinance announcing regulatory changes, Zaif exchange removing three crypto assets, BitBank’s COO predicting crypto exchange mergers, and Nomura Research Institute issuing Japan’s first blockchain-based bond.

Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan.

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Fox News interview By Reuters


© Reuters. U.S. President Trump leads coronavirus task force daily briefing at the White House in Washington

WASHINGTON (Reuters) – President Donald Trump said on Tuesday that he would not let airplane maker Boeing Co (N:) go out of business as a result of the economic disruption caused by the coronavirus outbreak.

“We’re not letting Boeing go out of business,” Trump said in a Fox News interview. “You have to help them temporarily. It’s not going to be a long time, temporarily.”

“And they’re going to pay interest and they’re probably going to give stock in their company to the people of our country, to the taxpayers of our country, to the citizens of our country,” Trump said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Trump administration debates 90-day tariffs deferral: Bloomberg News


(Reuters) – The administration of U.S. President Donald Trump is debating if it should defer payments of duties on imported goods from around the world for three months, Bloomberg reported on Tuesday, citing people familiar with the talks.

Talks in recent days involving the U.S. Customs and Border Protection and other government agencies about suspending tariffs amid the ongoing coronavirus outbreak have prompted local U.S. industry associations to push back, according to Bloomberg bloom.bg/2WIIF3t.

Reporting by Kanishka Singh in Bengaluru; Editing by Himani Sarkar



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Bad Crypto News of the Week By Cointelegraph



So, how high is about to go? Analyst Willy Woo thinks it’s going to hit $135,000. It’s a “common-sense prediction” he told RT’s Keiser Report. Tim Draper is betting even higher. The venture capitalist has moved his money out of the stock market (too “frothy”) and put it into Bitcoin and other cryptocurrencies (a “safe haven.”) He expects BTC to reach $250,000 in 2022 or the start of 2023. It’s no wonder that so many Bitcoin whales continue to hodl. According to one study, only 41.6 percent of BTC supply moved over the last twelve months. Some 42 percent of Bitcoin hasn’t moved in two years.

India isn’t put off. The country has now lifted its ban on cryptocurrency trading, while Germany has made a decision: cryptocurrencies are “digital representations of value.”

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



BoE’s Carney says coronavirus could hurt UK economy: Sky News By Reuters



(Reuters) – Bank of England Governor Mark Carney said Britain should prepare for an economic hit as fallout from the novel coronavirus outbreak deepens.

The central bank had already detected a drop in activity that could imply a downgrade but it was too early to tell how Britain would be affected, Carney told Sky News in an interview

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Pound Jumps More Than 2% on Election Prediction; Yuan Surge on Trade News By Investing.com


© Reuters.

Investing.com – The British pound jumps more than 2% against the U.S. dollar after a U.K. election exit poll suggested that Boris Johnson’s Conservative Party is projected to win the election.

The GBP/USD pair jumped 2.3% by 11:15 PM ET (03:15 GMT).

“If the Conservatives do win a majority, passing a Brexit divorce deal in the coming weeks would remove any risk of a no-deal Brexit on 31st January, reduce the immediate uncertainty and lift business investment at least a bit,” said Paul Dales, chief U.K. economist at Capital Economics, in a CNBC report.

The official results will be declared later in the day.

Meanwhile, the Chinese yuan also rallied on reports that U.S. President Donald Trump approved a phase-one trade deal with China. Signing of the deal averts the planned introduction of new tariffs on Chinese goods.

In return, Beijing will buy more agricultural goods as part of the trade deal, according to Bloomberg that cited people familiar with the matter. Some existing duties on Chinese products could also potentially be reduced too, the report said.

The onshore rate advanced as much as 1% per dollar following the news, the strongest since Aug. 2 on an intraday basis. The USD/CNY pair last traded at 6.9683, down 0.2%.

The safe-haven yen, on the other hand, fell as risk appetite resumed. The USD/JPY pair gained 0.3% to 109.57. While not a directional driver, the Bank of Japan’s Tankan survey showed business confidence at big Japanese manufacturers worsened in the three months to December to its lowest level in nearly 7 years.

Meanwhile, the AUD/USD pair and the NZD/USD pair both climbed 0.3%.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Oil Hits 3-Month High, Catching up on U.S.-China News By Investing.com


© Reuters.

Investing.com – The oil market has bought Trump’s China deal more than the stock market has.

Crude futures hit three-month highs on Friday, with U.S. West Texas Intermediate breaching the $60 per barrel resistance long eyed by oil bulls and U.K. crossing the key $65 milestone, after the Trump administration announced a China trade deal with scant details.

On Wall Street, stocks fell from early highs in volatile trading as investors remained confused about signs of trade progress between the two countries after 17 months of tit-for-tat tariffs on hundreds of billions of dollars of imports and often acrimonious remarks that had weighed not just on their individual economies, but also world growth.

NYMEX-traded , the U.S. crude benchmark, settled up 89 cents, or 1.5%, at $60.07 per barrel. It earlier reached $60.45 per barrel, a level not seen since the September attack on Saudi Arabia’s oil facilities that briefly knocked out about 5% of world supply.

ICE-traded , the global oil benchmark, settled up $1.02, or 1.6%, at $65.22, after a three-month high at $65.75.

For the week, WTI was up more than 1%, extending last week’s 7% gain that put on track to a near 9% rise for December, its strongest month since June. Year-to-date, the U.S. crude benchmark has risen nearly 32%.

Brent gained 1% on the week, 4% on the month and 21% on the year.

“Oil is probably catching up after playing laggard to Wall Street, which had gone gung-ho in recent days on the hype over the likelihood of a trade deal,” said Adam Sarhan, chief executive at 50 Park Investments in Orlando, Florida.

“With stocks, it’s a classic case of buy-the-rumor-sell-the-fact. And that’s accentuated by the fact that there are scant details so far on this deal, and the devil is really in the details with something like this.”

In separate announcements, China and the U.S. said they had struck their long-awaited phase-1 deal, the first formal steps toward de-escalating a fight that has weighed on the world economy for a year and a half.

With no telecast of a signing ceremony, the two sides also created the notion of an announcement done for political expediency. President Donald Trump appears eager to announce as many wins as possible amid his impeachment inquiry in Congress, while China’s President Xi Jinping is under pressure to halt additional U.S. tariffs due on some $165 billion of Chinese imports beginning this weekend.

Indeed, Trump said he would not proceed with the new tariffs on China while the Office of the U.S. Trade Representative said the administration will be maintaining its earlier tariffs of 25% on about $250 billion of Chinese imports, along with 7.5% duty on about $120 billion of other goods.

Oil prices were weakened earlier in the week after a surprise rise in and huge builds in and .

Crude markets were also weakened by the Paris-based International Energy Agency’s monthly report that said global inventories could rise sharply through March despite an agreement by OPEC and its allies to remove as much as 2.1 million barrels, or 2.1% of global supply, each day.

OPEC, in its own monthly report this week, said it expected a small oil supply deficit instead for next year.



Facebook issues corrective label on user’s post under new Singapore fake news law


SINGAPORE (Reuters) – Facebook (FB.O) said on Saturday it had issued a correction notice on a user’s post at the request of the Singapore government, but called for a measured approach to the implementation of a new “fake news” law in the city-state.

FILE PHOTO: Silhouettes of laptop users are seen next to a screen projection of Facebook logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

“Facebook is legally required to tell you that the Singapore government says this post has false information,” said the notice, which is visible only to Singapore users.

The correction label was embedded at the bottom of the original post without any alterations to the text.

The Singapore government said on Friday it had instructed Facebook “to publish a correction notice” on a Nov. 23 post which contained accusations about the arrest of a supposed whistleblower and election rigging.

Singapore, which is expected to call a general elections within months, said the allegations were “false” and “scurrilous” and initially ordered user Alex Tan, who runs the States Times Review blog, to issue the correction notice on the post.

Tan, who does not live in Singapore and says he is an Australian citizen, refused and authorities said he is now under investigation. Reuters could not immediately reach Tan for comment.

“As required by Singapore law, Facebook applied a label to these posts, which were determined by the Singapore government to contain false information,” a spokesman for Facebook said in an emailed statement.

“As it is early days of the law coming into effect, we hope the Singapore government’s assurances that it will not impact free expression will lead to a measured and transparent approach to implementation.”

Some Singapore users however said that they could not see the correction notice. Facebook could not immediately explain why the notice was unavailable to some users.

Facebook often blocks content that governments allege violate local laws, with nearly 18,000 cases globally in the year to June, according to the company’s “transparency report.”

Two years in the making and implemented only last month, Singapore’s law is the first to demand that Facebook publish corrections when directed to do so by the government.

The Asia Internet Coalition, an association of internet and technology companies, called the law the “most far-reaching legislation of its kind to date”, while rights groups have said it could undermine internet freedoms, not just in Singapore, but elsewhere in Southeast Asia.

In the only other case under the law, which covers statements that are communicated in the country even if they originate elsewhere, opposition political figure Brad Bowyer swiftly complied with a correction request.

The penalties range from prison terms of as much as 10 years or fines up to S$1 million ($733,192).

Reporting by Fathin Ungku and John Geddie; Editing by Raju Gopalakrishnan and Richard Pullin



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Singapore tells Facebook to correct user’s post in test of ‘fake news’ laws


SINGAPORE (Reuters) – Singapore instructed Facebook on Friday to publish a correction notice on a user’s social media post under a new ‘fake news’ law, raising fresh questions about how the firm will adhere to government requests to regulate content.

FILE PHOTO: Silhouettes of laptop users are seen next to a screen projection of Facebook logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

The government said in a statement that it had issued an order requiring Facebook “to publish a correction notice” on a Nov. 23 post which contained accusations about the arrest of a supposed whistleblower and election rigging.

Singapore said the allegations were “false” and “scurrilous” and initially ordered user Alex Tan, who runs the States Times Review blog, to issue the correction notice on the post. Tan, who does not live in Singapore and says he is an Australian citizen, refused and authorities said he is now under investigation.

Facebook declined to comment and Tan’s post was unaltered as of mid-afternoon on Friday.

Facebook (FB.O) has been under fire in recent years for its lax approach to fake news reports, state-backed disinformation campaigns and violent content spread on its services, prompting calls for new regulations around the world.

It is also frequently criticized for being too willing to do the bidding of governments in stamping out political dissent.

Facebook often blocks content that governments allege violate local laws, with nearly 18,000 cases globally in the year to June, according to the company’s “transparency report.”

But the new Singapore law is the first to demand that it publish corrections when directed to do so by the government, and it remains unclear how it plans to respond to the order.

The case is the first big test for a law that was two years in the making and came into effect last month.

The Asia Internet Coalition, an association of internet and technology companies in the region, called the law the “most far reaching legislation of its kind to date”, while rights groups have said it could undermine internet freedoms, not just in Singapore, but elsewhere in Southeast Asia.

Facebook has previously said it was “concerned with aspects of the new law which grant broad powers to the Singapore executive branch to compel us to remove content they deem to be false and to push a government notification to users”.

In the only other case under the law, which covers statements that are communicated in the country even if they originate elsewhere, opposition political figure Brad Bowyer swiftly complied with a correction request.

The penalties range from prison terms of as much as 10 years or fines up to S$1 million ($735,000).

Singapore, ruled by the People’s Action Party since independence in 1965, is widely expected to hold a general election within months, though no official date has been set.

Reporting by John Geddie and Fathin Ungku; Editing by Clarence Fernandez & Simon Cameron-Moore



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Gold Prices Slip Amid Upbeat Trade News By Investing.com


© Reuters.

Investing.com – Prices of the safe-haven gold traded modestly lower on Wednesday in Asia amid upbeat trade news.

slipped 0.1% to $1,466.05 by 1:20 AM ET (05:20 GMT). The fall came as global risk appetite improved on the back of reports that the top trade negotiators from the U.S. and China held a telephone conversation on Monday. They had “reached a consensus on properly resolving latest issues.,” according to press in China.

The Ministry of Commerce said today that the two sides had another phone call on Tuesday to discuss how to “resolve core issues.”

However, losses of the yellow metal were limited as traders remained cautious over whether a trade deal could truly be achieved in the near future.

Each time the three officials have spoken over the past month, markets have gotten their hopes up that the phase one was a done deal, only to realize later it wasn’t.

Meanwhile, U.S. President Donald Trump said overnight that Washington and Beijing are in the “final throes of a very important deal.”

However, he also reiterated Washington’s support for protesters in Hong Kong, a sensitive subject that could potentially anger China.

“The main influencer for gold is still safe-haven sentiment tied to trade talks,” said Eric Scoles, precious metals strategist at RJO Futures in Chicago.

“The trade talks have been somewhat optimistic lately, but overall quiet this week, and the market is likely to remain somewhat neutral with it being a holiday week in the U.S.,” Scoles said. “As of right now, I think gold needs some big headlines to set this market moving one way or the other.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.