Binance to Begin Japan Operations
• Binance is set to begin operations in the Japanese market, after acquiring regulated Sakura Exchange BitCoin (SEBC) last year.
• The existing services on SEBC will be terminated on May 31, while a new service under the tentative name “Binance Japan” will launch after June 2023.
• This move will likely lead to increased acceptance of crypto in the coming years.
Millennials are Dominant Crypto Enthusiast Group
A study from Bitget looked into the relationship between demographic changes and cryptocurrency adoption rates among different generations. It found that millennials are the dominant group of crypto enthusiasts, comprising 46% of respondents, and that each successive generation is more eager for their representatives in power to have a similar interest in regulating blockchain assets. The statistics indicate uneven use of digital assets among different age groups and suggest that by the beginning of the next decade, demographic processes may lead to a dramatic shift towards increased acceptance of crypto.
Canadian Police Issue Warnings After $7.5M Scam
Canadian police have issued warnings about cryptocurrency-based fraud schemes after a senior was scammed out of more than $7.5 million dollars in a cryptocurrency ruse. The elaborate con lasted several months and included the victim being scammed out of money both in the original fraud and then by someone claiming they could help get her money back. The case is still under investigation.
Hamas Stops Crypto Donations
The military arm of Palestinian militant group Hamas has announced it will stop accepting donations via Bitcoin (BTC). A message posted on Telegram cited security reasons as part of why it had decided to halt BTC donations for “the safety and interest” of its supporters and donors alike. It did not specify how long this suspension would last or if other payment options would be available instead.
This article discussed news related to exchanges, demographics, security issues and donations concerning cryptocurrencies such as Bitcoin (BTC). In particular, it highlighted how Binance will begin operations in Japan; how millennials are leading crypto enthusiasts; how Canadian police issued warnings due to a large scam; and finally, how Hamas stopped accepting BTC donations for safety reasons.