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Major Japanese cryptocurrency exchange Coincheck has announced that it will reimburse the accounts of the 260,000 customers who lost XEM tokens in a recent hack at a rate of roughly 81 U.S. cents per unit. As of this writing, XEM is trading for approximately 89 U.S. cents, having recovered slightly from its dip in the […]
The post Coincheck to Repay Hack Victims’ XEM Balances at 81 U.S. Cents Each appeared first on Bitcoin News.
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Blockchain technology was heralded as the revolution for everything, the next wave in technology, yet, 10 years on and there is still little real use for it. #OP-ED
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The investment opportunities in cryptocurrency are not what BlackRock seeks at present, but that could change, a senior strategist has said. #NEWS
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Japanese cryptocurrency exchanges are strengthening their self-regulation procedures following the hack of one of the country’s largest crypto exchanges, Coincheck. The Japanese Financial Services Agency has yet to approve Coincheck’s registration as a crypto exchange. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Strengthening Self-Regulation The Japan Blockchain Association (JBA) has previously […]
The post Japanese Crypto Exchanges Strengthen Self-Regulation Following Coincheck Hack appeared first on Bitcoin News.
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Bitcoin markets and cryptocurrencies values across the board are seeing healthy rebounds after the past three weeks of price dips. At the moment there is some substantial consolidation happening, and BTC bulls are still trying to breach the $12K zone. They came awfully close last night, but failed to break the key price region. Now, during […]
The post Markets Update: Cryptocurrencies Recover Gains After the Coincheck Hack appeared first on Bitcoin News.
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For the first time in forever, this week in bitcoin was strangely subdued. No major price movements, no regulatory crackdowns and no Tether collapse. Iota got into a bit of a pickle and then blamed everyone else, as Iota is apt to do, but that’s all. Everything was uneventfully ticking over, right up until Friday, […]
The post This Week in Bitcoin: Japan Gets Goxxed and Iota Gets Into a Tangle appeared first on Bitcoin News.
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NEM Developers Create System to Trace $530 Million Stolen Funds From Coincheck #ANALYSIS
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Japanese cryptocurrency exchange Coincheck has confirmed their intention to refund the stolen funds to the 260,000 affected users, totalling 523 mln NEM. #NEWS
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Even though NEM was the targeted currency during the Coincheck hack, it seems the price isn’t budging all that much. Yesterday, it seemed the NEM price would see a massive drop, but the market has recovered quite nicely. As of right now, the NEM price is above $1 once again thanks to a strong 18.82% increase over the past 24 hours. It is a positive turn of events for this particular altcoin, Whether or not this momentum will continue, is a different matter altogether. NEM Price Makes a Strong Comeback Cryptocurrencies have always been prone to volatility and manipulation. EspeciallyPowered by WPeMatico
It was, by any reckoning, a huge haul. Between $400 million and $534 million dollars of NEM stolen, depending on whether you go on its value at the time or once the market had reacted to the news. At a press conference on Friday afternoon, the stunned Coincheck team painted forlorn figures as they came […]
The post Coincheck Faces Pressing Questions in the Wake of the World’s Biggest Hack appeared first on Bitcoin News.
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