Yen News

In what could be a knock-on effect from the traditional market, which saw the Japanese yen tumble to a 34-year low against the U.S. dollar, leading cryptocurrencies such as Bitcoin, Solana, and Dogecoin all saw their prices drop in the last 24 hours. 

Yen, the third-most traded fiat currency in foreign exchange markets, has fallen flat against Bitcoin. 

GMO Internet, Japan’s information technology heavyweight and bitcoin (BTC) trading service provider, has announced that it’s now putting the finishing touches to its yen-pegged stablecoin dubbed GMO Japanese Yen (GYEN), alongside its proprietary distributed ledger technology (DLT) network which is…

Japan dominates the crypto headlines week in and week out. It has played the host country for a number of the industry’s largest hacks but also boasts massive retail uptake. In a recent article on the world of cryptocurrencies, The…

Japanese IT giant, GMO Internet has made its entry into the stablecoin space, with plans to launch a yen-pegged cryptocurrency in 2019. In an announcement on October 9, 2018, the company said that it would begin full-scale preparation to issue…