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Yahoo! Japan has confirmed that it is entering the crypto space by acquiring a stake in a Japanese cryptocurrency exchange that is already licensed by the country’s financial regulator. The company plans to launch a crypto exchange in the fall of this year.
Yahoo! Enters the Crypto Space
Yahoo! Japan Corporation (TYO: 4689) announced on Friday that it is entering the cryptocurrency space. The company expects to launch an “easy-to-use exchange” for cryptocurrencies in the fall of this year, Nikkei elaborated.
Media outlets are touting what would amount to a major shake-up of cryptocurrency exchanges, Bitarg Exchange selling off a little less than half its business to Yahoo Japan. Reports even detailed how Yahoo Japan (YJFX) would then launch still another exchange built on Bitarg’s system by spring of next year. As of March 23, Bitarg is vigorously denying press accounts, insisting they were instead “studying various possibilities.”
Also read: Bitcoiners Demand More Crypto CFDs and Spread-Betting in the UK
In case you haven’t been following the tech news over the past few days, the Yahoo website was spreading malware through some of it’s ads in Europe. Not a big deal, and totally not related to Bitcoin. Or is it?
After examining the malware closely, it was clear that there was only one objective : mining Bitcoins on other people’s computers to create some sort of botnet.
Most “normal” users won’t have any significant hardware when it comes to mining Bitcoin efficiently. However, if you infect thousands, or tens of thousands of computers, all of that hardware combined might actually get you some acceptable hashing power.