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Japan’s Active Crypto Trading Population Expected to Hit 500,000 in 2024

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According to a study by Bitget, Japan’s cryptocurrency use is expected to remain among the highest in the world, with the number of daily crypto traders projected to rise from 350,000 to around 500,000 by the end of this year. This places Japan’s crypto market size between those of Turkey and Indonesia and about two-thirds the size of South Korea’s market. This strong adoption can be attributed to Japan’s progressive regulations, which have fostered the industry’s growth.

The introduction of new regulations focused on compliance, along with the launch of cryptocurrency ETFs in the US, is anticipated to further boost Japan’s crypto market. This is expected to increase involvement from both institutional and retail investors. Gracy Chen, CEO of Bitget, remarked that Japan’s high awareness of crypto creates a dynamic and rapidly evolving landscape, making it a prime area for new technologies and widespread use.

Japan’s Crypto Market Prioritizes Established Coins
The study indicates that Japanese users will continue to show strong interest in local blockchain projects, particularly in gaming. There is also expected to be increased involvement with NFTs and blockchain task platforms. Significant capital investment is anticipated for one or two blockchain game projects in Japan, potentially establishing them as key players in the global crypto market. Additionally, wallets with transaction aggregation and NFT trading functionalities are likely to gain popularity among Japanese users.

Japanese crypto enthusiasts not only show excitement about the space but are also actively trading, with a preference for established, large-cap coins like Bitcoin and Ethereum, which have been approved by Japan’s Financial Services Agency (FSA). This focus on well-known tokens is likely due to regulations limiting leverage on riskier derivative products.

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Unique Aspects of Japan’s Crypto Market
Japan’s crypto market is characterized by active use of popular decentralized exchanges (DEX) like Uniswap and PancakeSwap, as well as a strong preference for local centralized exchanges. For crypto wallets, Metamask leads in popularity, followed by Bitget Wallet, Phantom, Trust Wallet, and Coinbase Wallet.

Japan has a significant history with cryptocurrency, marked by both innovation and setbacks. In 2014, the major exchange Mt. Gox suffered a hack that resulted in significant Bitcoin losses for investors, leading to years of legal wrangling. Recently, Mt. Gox began repaying its creditors, offering hope for those affected.

In a notable development, Japanese tech giant Sony Group entered the crypto market last week by acquiring the crypto firm Amber Japan. This move could substantially impact the gaming industry, allowing players to trade cryptocurrencies securely across various platforms and games.

Source: cryptonews.com

The post Japan’s Active Crypto Trading Population Expected to Hit 500,000 in 2024 appeared first on HIPTHER Alerts.

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Crypto Price Predictions: Comprehensive BlockchainReporter Platform Helps Cryptocurrency Investors Stay Ahead Of Market Volatility

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Artificial Intelligence takes Center Stage at Blockchain Futurist Conference 2024 in Toronto

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 The highly anticipated Blockchain Futurist Conference, Canada’s Largest Web3 Event, is set to return for its sixth year to Toronto this August 13-14, 2024, with a focus on Artificial Intelligence as a core theme. This year’s event promises to offer sessions, panels, and sub-events centered around AI, highlighting how these technologies are transforming Web3 and reshaping our world. The dedicated AI segment is scheduled for Wednesday, August 14, 2024, and is accessible with all conference passes.

AI and Web3 technologies are rapidly converging to create a future that promises to revolutionize the digital landscape. AI’s ability to analyze vast amounts of data, and automate complex processes, complements Web3’s decentralized and transparent framework. This integration enables more secure, and equitable solutions across various sectors.

At this year’s event, attendees can hear from top industry leaders in AI such as:

  • Anthony Di Iorio, Founder, Ethereum, Decentral, Andiami

  • Ben-Zion Benkhin, CEO, WOMBO

  • Ashley Nandan, Google Canada, Startups

  • Ari Juels, Chief Scientist, Chainlink Labs

  • Christopher Johnson, Developer, Bad Idea AI

  • Trevor Koverko, Co-Founder, Sapien

  • JD Seraphine, CEO, Raiinmaker

  • Breeze Liu, Founder & CEO, Alecto AI

  • Christopher Obereder, Investor, Startup Chris Ventures

  • Adam Benzine, Creator & Oscar®-Nominated Filmmaker

AI Futurist Conference will also host multiple sponsors dedicated to AI organizations, such as Inference Labs, a Gold Sponsor at this year’s event.

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Inference Labs specializes in developing advanced infrastructure and products for AI on Web3. Their lab focuses on AI inference interoperating on the blockchain, an essential step for building a future where anyone can access AI without counterparty risk.

Ron Chan, Co-Founder of Inference Labs, and a visionary entrepreneur dedicated to pioneering the future of Decentralized AI had this to say:

“In all my years navigating tech cycles, I have never witnessed the level of developer interest in Artificial Intelligence that we see today. We’re at an inflection point where Internet traffic is roughly split 50/50 between humans and machines. I firmly believe that inference will soon become the dominant form of Internet traffic.”

With two decades of experience as a serial entrepreneur, Ron Chan has successfully navigated the ever-evolving tech industry, leading multiple technology and infrastructure startups to successful exits. His expertise spans architecting data centers, defense projects, and developing mission-critical civil aviation applications, showcasing his versatility and adeptness in managing complex, high-stakes ventures.

Futurist Conference will also host multiple sub-events and meetups for the AI community throughout the venue on both days. These include:

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  • Crypto x AI Book Signing: Ari Juels, Chief Scientist of Chainlink Labs and author of “The Oracle,” will discuss Crypto x Artificial Intelligence on the Main Stage, followed by a book signing.

  • AI Ethics Roundtable: A critical exploration of the ethical implications of AI and the transformative role of Web3 technologies.

  • AI Web3 & Robotics for Kids: A fun and interactive workshop for kids to learn about AI and Web3, with hands-on experience with robots.

  • Robots Live Onsite: Witness jaw-dropping innovations in action and experience the thrill of future technologies before your eyes.

Futurist Conference aspires to be more than just an event; it aims to create a future world within a conference, immersing attendees in the cutting-edge technologies that will shape tomorrow. By offering interactive experiences, and live demonstrations, the conference allows participants to see, feel, and engage with the latest advancements in AI, Web3, and beyond.

Futurist Conference is the perfect place for these industries to convene, providing a unique platform for thought leaders, innovators, and enthusiasts to explore the transformative potential of AI and Web3 technologies. Get ready to step into the future this August.

The post Artificial Intelligence takes Center Stage at Blockchain Futurist Conference 2024 in Toronto appeared first on HIPTHER Alerts.

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Digital Payment Market to Surpass USD 21.83 Trillion by 2031 | Skyquest Technology

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