Japan Confirms Massive Involvement in Digital Assets

Digital assets have continued to face headwinds early this morning as Bitcoin and other major cryptos including Ripple and Ethereum languish.
Yaron Mazor
bitcoin japan

Japan’s FSA has released data on cryptocurrency use in the nation. And Texas has issued a warning to its residents regarding the use of cryptocurrencies.

Japan’s Infatuation with Cryptocurrencies Confirmed by FSA

The Financial Services Agency of Japan has published data regarding the nation’s involvement with cryptocurrencies, and the numbers confirm massive involvement in digital assets via its citizens. There are at least 17 cryptocurrency exchanges operating in Japan, and almost 85% of the people trading are between the ages of 18 and 40. It also highlights that in 2014 approximately two million U.S Dollars in the value of Bitcoin was being traded using margin, and the number soared to over 543 billion U.S Dollars of value via margin accounts as of late 2017.

Ripple Stays above November 2017 Price Ratios & Raises Eyebrows

There is no denying Ripple has been affected by the bear trend in digital assets. XRP continues to trade near forty-eight U.S cents and its forty-two cent support level remains in plain sight. However, intriguingly Ripple has not sunk below it mid-December 2017 price levels. Meaning the cryptocurrency has not challenged its November lows when euphoric buying started to grip the wide marketplace. Traders can look at this one of two ways, either XRP will eventually relent and move lower and lurch towards thirty cents per coin. Or this plateau Ripple has achieved – shows some type of fundamental strength and a solid juncture in which to build. And speculator certainly has reasons to consider both possibilities as they position themselves.

Ripple Daily Chart

Texas Warns its Residents and Retails to be Careful of Cryptocurrencies

The state of Texas has warned its residents’ many promoters of cryptocurrencies are engaged in fraud. The Texas State Securities Board also told retailers to avoid allowing its clients to purchase good with digital assets. The agency has warned that without a physical address, companies promoting the use of cryptocurrencies and their exchange remains difficult to supervise and pursue in cases alleging criminal activity.

Blockchain Conference at the University of Texas in Austin Tomorrow

The University of Texas will host a Blockchain conference tomorrow in Austin which will focus on Blockchain opportunities and realities.

  • April 13th, U.S, McCombs Blockchain Conference in Austin

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.

Don't miss a thing!

Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Top Promotions

Top Brokers

IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMER
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.
FOLLOW US