Tag Archives: Coincheck

Decentralized Crypto Exchange is Solution to Hacks, Will They be Ready?

Advertisement Not long after the successful hacking attempts on crypto exchanges Bithumb and Coincheck, Japan’s Zaif was hacked, losing $60 million in user funds. All three exchanges were found to have poor security measures. Coincheck in particular, which lost more than $500 million in XEM, the native cryptocurrency of NEM, outraged investors in Japan after the company’s CEO… Read More »

How the Recent $60 Million Crypto Hacking Attack Will Impact Japanese Market

Advertisement Zaif, a major crypto exchange in Japan, was hacked this week, losing nearly $60 million in user funds in a high profile security breach. Local publications including Japan Times reported that 6.7 billion yen was stolen by an unknown group of hackers, 2.2 billion yen in corporate funds and 4.5 billion yen in user funds were lost… Read More »

$60 Mln Crypto Exchange Hack in Japan had no Impact on Bitcoin Price

Another hacking attack has hit a known crypto exchange in Japan, and this time, thieves managed to steal around $60 million in crypto.Another Crypto Exchange HackThe popularity of attacks on crypto exchanges seemingly continues to grow, with another such exchange being hit just recently, in Japan. It is largely believed that such incidents are one of the main… Read More »

Japan Cryptocurrency Theft Cases Tripled in H1 2018, $530 Million Stolen: Police

Advertisement Barely before the ink had dried on the news that Japanese cryptocurrency exchange Zaif had been hacked and slightly less than US$60 million stolen, the National Police Agency (NPA) of Japan has released a report highlighting the vulnerability of Japan’s crypto space. According to the NPA, the number of incidents involving the theft of funds from cryptocurrency… Read More »

Japanese Crypto Firm Snaps up a Deutsche Bank Heavyweight for Strategist Role

Advertisement Japanese crypto firm FXcoin has recruited Deutsch Bank’s former foreign-exchange dealer, Yasuo Matsuda as a senior strategist for the cryptocurrency startup. According to Business Times. the Japanese cryptocurrency startup which was founded by Deutsch Bank AG veteran, Tomoo Oshi, hired the alumnus of the German lender to furnish the startup with daily reports on market speculations beginning… Read More »

There are no Plans to Curb the Japanese Cryptocurrency Market, Says FSA Commissioner

The commissioner of Japan’s Financial Services Agency (FSA), Toshihide Endo has declared that the regulatory body prefers to pursue a more measured approach to regulating the country’s cryptocurrency space. The FSA has taken strict measures against defaulting virtual currency bourses in Japan after the January Coincheck hack saga. A Measured Approach to Cryptocurrency Regulations Speaking in an interview… Read More »

Japan to Focus Cryptocurrency Regulation on Speculative Investments

The Financial Services Agency, the government agency that oversees banking, securities, and exchange services in Japan, plans to set up stricter requirements on cryptocurrencies and its use for speculative purposes.Japan Regulator May Impose Cap on Cryptocurrency Trading LeverageBitcoin and other cryptocurrencies have mainly become tools for speculative investment in recent months. Recently, a DEA agent explained that around 90%… Read More »

Bitcoin Plunge Leads to Losses for Coincheck & Galaxy Digital But Executives Still Bullish

Bitcoin price taking a dip in the first quarter of this fiscal year resulted in the losses for the exchange Coincheck, hacked and later acquired by Monex Group and Galaxy Digital of Mike Novogratz. However, the CEO of Monex Oki Matsumoto and Novogratz both are in for long-term and bullish on the crypto market. Coincheck reports a loss… Read More »

Crypto Exchange Coincheck’s Owner Monex Reveals Plans to Open US Trading Platform

Online broker Monex Group, which bought out hacked Japanese cryptocurrency exchange Coincheck this spring, plans to launch a U.S.-based trading platform, Cointelegraph Japan reported today, July 27. A summary of data from a financial briefing held Friday confirms plans to establish TradeStation Crypto Inc. as a cryptocurrency-focused subsidiary of securities brokerage firm TradeStation, which Monex acquired in 2011.… Read More »