|Bid||40.00 x 1300|
|Ask||43.00 x 800|
|Day's Range||40.95 - 41.95|
|52 Week Range||34.58 - 47.81|
|PE Ratio (TTM)||204.83|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||46.61|
Singapore-based cryptocurrency exchange BITBOX, which is also a division of Japanese internet giant Line Corporation, is now up and running. Operations began on July 16, 2018, and services are available in roughly 15 different languages to traders of every country except Japan and the U.S. Investors can now access markets for up to 30 separate digital currencies including bitcoin, bitcoin cash, ether and litecoin.BITBOX’s Project Manager Edward Lee spoke with Bitcoin Magazine regarding the launch. In the interview, he indicated that it’s always been Line Corporation’s goal to launch a cryptocurrency exchange, especially as digital currency has headed further into mainstream territory. “The launch of BITBOX is part of our long-term strategy to become a leader in fintech services, and it shows our commitment to fulfilling the growing demand for more diverse financial options,” he claims. “We are trying to provide a user-friendly service for those who may have felt intimidated by the world of cryptocurrency. With BITBOX, Line users will be able to access cryptocurrencies more easily, while also being assured of state-of-the-art security measures to protect their assets. In addition, we also plan to develop a mobile version of social features for BITBOX.” The platform is offering various perks and rewards for customers who register early. For example, the first 2 million entrants will receive $10 USD which can be used toward crypto purchases on the exchange. In addition, customers will be exempt from all trading fees during the first month of operation. After that, these fees will be relatively low at 0.1 percent. Lee says BITBOX differs greatly from other digital exchanges in the awards and security features it offers. “BITBOX was established by a publicly traded company, Line, which has a proven track record as a successful, global messaging platform,” he states. “This brings credibility to BITBOX as a cryptocurrency exchange, something many of the other players lack.” He continued on to say, “BITBOX also brings Line’s rich insights into UI and UX design to the exchange platform, enabling us to create an intuitive layout that is easier to use, and like Line, BITBOX is absolutely committed to protecting user data. We will provide comprehensive security measures, including integrating the multi-signature technology offered by BitGo, the market leader in institutional-grade cryptocurrency security. Our users’ assets will also be protected by insurance, further safeguarding them in case any incidents occur.” BitGo is unique in that it’s multi-signature, three-key management software removes any single point of failure, and its advanced security configurations ensure assets remain safe as they move in and out of wallets. To further insulate funds, Lee says that up to 90 percent of users’ assets will be held in cold storage and that BITBOX is adopting a 24-hour surveillance system. This system is attached to Line’s messaging app, which will notify both users and executives should a hack occur. BITBOX will also monitor any irregular trades or attempts to manipulate prices.In addition, Lee claimed that BITBOX’s coin and token selection process is selective, as it will only list new cryptocurrencies after they pass a thorough vetting process. “All tokens added to the exchange must also go through a very rigorous evaluation process by BITBOX’s listing committee,” Lee concludes. This article originally appeared on Bitcoin Magazine.
My jump-off point is Bangkok. This beautiful city certainly has its share of grit, and perhaps Murray Head was right when he sang that it would make a hard man humble. Bangkok's listed population is about the same population as New York City, but it feels to me that there are at least three times as many people, and traffic is much more chaotic than in the Big Apple.
Investing.com – Bitcoin dropped to around $5,900 on Friday, the second time it fell below $6,000 this month. Line Corporation, the developer of the most-used messaging app in Japan, is set to launch a cryptocurrency exchange in Singapore.
With technology stocks in the U.S. hitting another record this month, Japan’s equivalent of the FANG group may appear too cheap to ignore. Portal operator Yahoo Japan Corp. and e-commerce company Rakuten Inc. have tumbled more than 25 percent this year, while instant-messaging service Line Corp. has lost about 11 percent.
LINE Corporation announced that the Company has decided at the board of directors meeting held today to establish a new wholly-owned subsidiary, LINE Digital Frontier Corporation , by a simplified incorporation-type company split to succeed the Company’s LINE Manga and LINE Comics businesses .
LINE Corporation announces additional information for the "Summary of Consolidated Financial Results for the Three Months Ended March 31, 2018" announced on April 25, 2018, as follows.
On March 30, 2018, LINE Corporation (LN) (3938.T) filed its Annual Report on Form 20-F for the year ended December 31, 2017 with the U.S. Securities and Exchange Commission. Subsequently, LINE Corporation filed an Amendment No. 1 to the Annual Report with the U.S. Securities and Exchange Commission on April 18, 2018. The 2017 Annual Report on Form 20-F and Amendment No. 1 to the Annual Report can be downloaded from www.linecorp.com, as well as from the website of the U.S. Securities and Exchange Commission at www.sec.gov.
On a per-share basis, the Tokyo-based company said it had a loss of 5 cents. The messaging and communication services provider posted revenue of $449.8 million in the period. LINE shares have fallen 12 ...
LINE Corporation announces the summary of its consolidated financial results for the three months ended March 31, 2018.
LINE Financial Corporation , a consolidated subsidiary of LINE Corporation , announces today that it has made a resolution to issue new shares to the Company through a third-party allocation of new shares, with such shares to be underwritten by the Company.Since the total capitalization of LINE Finance will become equivalent to ten-hundredths or greater of the Company's total capitalization once the ...
As previously announced in the February 2, 2018 release titled "Notice of Execution of Memorandum of Understanding for Strategic Alliance by a Consolidated Subsidiary and Prospect of Change to Subsidiary," LINE MOBILE Corporation , a consolidated subsidiary of LINE Corporation , hereby announces that today it has executed an agreement with SoftBank Corp.
As previously announced in the January 31, 2018 release titled "Notice of Execution of Memorandum of Understanding for Strategic Alliance by a Consolidated Subsidiary and Prospect of Change to Subsidiary," LINE MOBILE Corporation , a consolidated subsidiary of LINE Corporation , hereby announces that today it has executed an agreement with SoftBank Corp.
Siam Commercial Bank Pcl, Thailand’s second-largest lender, is going digital and slashing branches and headcount in a bid to survive competition from emerging financial players.
LiveEngage is now seamlessly integrated with the most-used messenger app in Japan NEW YORK , March 1, 2018 /PRNewswire/ -- LivePerson, Inc. (Nasdaq: LPSN), a leading provider of cloud mobile and online ...
HONG KONG, Feb. 27, 2018 /PRNewswire/ -- LINE Corporation today announced the expansion of operations in Hong Kong, led by the official launch of its news aggregation service LINE TODAY. The arrival of the Hong Kong edition of the No. 1 news portal in Asia is good news for local users, as they can now enjoy localized access to the LINE platform, improving their ability to connect seamlessly to the information, content and services they want. With LINE stickers, users can convey nuanced feelings, delight loved ones and exchange fun inside jokes with ease.
LINE MOBILE Corporation , a consolidated subsidiary of LINE Corporation , announces that it has executed a Memorandum of Understanding together with SoftBank Corporation in order to proceed with discussions pertaining to a strategic alliance between the two companies.
Line Corp., Japan’s biggest messaging service, fell the most in nine months in Tokyo after reporting a surprise loss in the fourth quarter amid stepped up investment into new businesses.
LINE Corporation announces the summary of its consolidated financial results for the fiscal year ended December 31, 2017.
Japan's Line Corp said on Wednesday that it had entered an agreement with SoftBank Group Corp to give the telecoms and technology firm a majority stake in Line's mobile unit. Line said SoftBank would hold a 51 percent stake in the mobile business after the issuance of new shares, with Line holding the remaining 49 percent.