Cryptocurrency exchange loses $400 million worth of coins in massive NEM hack

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The Japanese cryptocurrency exchange Coincheck was hit hard Friday.

A hacker managed to funnel out 500 million NEM coins, a value of more than $424 million USD, one of the exchange’s co-founders said at a news conference in Tokyo Friday, according to Bloomberg. Japan’s Financial Services Agency is also investigating the theft.

Coincheck announced in an updating blog post that it had stopped trading of NEM and other coins as it dealt with the hack. Only Bitcoin services remained available on the exchange.

4/ The Coincheck hack had the potential to do mass destruction to the crypto industry. But NEM was transparent from the beginning+ worked with the community + Coincheck clients to ease FUD. This is how it’s supposed to work. Transparency always. The hacker will not win. We will.

— Inside NEM (@Inside_NEM) January 26, 2018 Read more…

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Walmart and Rakuten partner on grocery delivery in Japan, Kobo e-books and audiobooks in U.S.

 Walmart today announced a major expansion in terms of its global e-commerce presence: the retailer is entering a strategic partnership with Tokyo-based Rakuten, which will see the companies collaborating on the launch of a new online grocery serv…

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Japanese swordsman absolutely destroys a few unlucky snowmen

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Tokyo saw its heaviest snow in four years on Monday, and on Tuesday morning Twitter user @kodomokyojin took the opportunity to play samurai. 

While using some very legit moves, he mows down Frosty’s entourage. His sword techniques are badass, but what’s especially impressive about this video is the attention to detail on the first three snowmen. 

They have entire necks, complete faces, and between three to five fingers per hand — all of which the samurai handily destroys.

It’s unclear whether @kodomokyojin made the snowmen himself or simply had the fun of destroying them, but either way the video is oddly satisfying to watch. Read more…

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Japan’s SmartHR raises $13.3M led by 500 Startups

 SmartHR, a startup helping Japanese employers run HR and staffing smarter — because that’s of course its name — has raised a JPY 1.5 billion ($13.3 million) Series B round led by 500 Startups Japan. The startup is perhaps comparable to the likes of Zenefits and Gusto in the U.S. — it aims to drag Japanese HR departments into today’s digital era. “In Japan… Read More

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Chat app Line is reportedly considering its own cryptocurrency

 Tickets please, the next crypto train is about to depart. Japan-based messaging app Line is said to be the latest public company to consider a move into the blockchain and cryptocurrencies, according to a Bloomberg report.
Unlike some of the more obscure and head-scratching moves, which include China’s forgotten social network and an iced tea company, there would be some merit to Line… Read More

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Supercut of Logan Paul’s Japan visit shows his true colors

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Like any vlogger, Logan Paul has always wanted to be the center of attention, but now that the spotlight is on him after he released a highly insensitive video involving suicide, he may be regretting some of the steps he took to get there.

A supercut edited and released by We The Unicorns on Friday from Paul’s visit to Japan highlights some of the many antics he and his team pulled during their trip.

Turns out, Logan Paul’s trip to Japan was problematic for many reasons 😡 pic.twitter.com/yhj2BYgk4G

— We The Unicorns (@wetheunicorns) January 5, 2018 Read more…

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Mobike lands investment from Line to grow its bike-sharing service in Japan

 Dock-less bike rental company Mobike is teaming up with messaging app firm Line to boost its presence in Japan. Line, which is Japan’s most popular messaging app with 71 million users in the country, is making an undisclosed investment in Mobike Japan, the Chinese firm’s entity in the country. The deal will see the Mobike service integrated into the Line app the same way that it… Read More

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Low-aroma fried chicken is here so you don’t annoy other people on your commute

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The smell of fried chicken sure gets people really, really, excited, but there’s always someone out there who isn’t too enthusiastic about that aromatic blend of herbs and spices.

In Japan, where politeness is ever so paramount, KFC is selling a special kind of low-smell fried chicken, according to Sora News 24.

Dubbed “Fried Chicken Home Type,” it’s only available at a particular KFC take-out location inside Shinjuku train station in Tokyo, which is open only until Dec. 31.

KFC Japan sells low-smell fried chicken to keep you from getting stink eye on the trainhttps://t.co/jQZWU49RZv

— SoraNews24 (@RocketNews24En) December 18, 2017 Read more…

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