NEWSWORTHY
Small cryptocurrency exchanges find the going hard under greater government oversight
With the Financial Services Agency implementing greater oversight in the wake of the ¥58 billion Coincheck heist, many young and small cryptocurrency exchanges are finding it difficult to conduct business and looking to call it quits. In early March, the FSA rocked the cryptocurrency exchange ...
Online brokerage Monex to acquire cryptocurrency exchange Coincheck
Troubled exchange that was hit by a massive cybertheft earlier this year will be sold for ¥3.6 billion and become wholly owned subsidiary.
Japan's cryptocurrency exchanges held back by shortage of engineers
When cryptocurrency exchange Coincheck Inc. explained how hackers were able to make off with $530 million (¥56.7 billion) in digital money, it noted that part of the problem had been beyond its control; the firm had struggled amid Japan's shortage of software engineers. Coincheck said ...
Monex to acquire Coincheck to get cryptocurrency foothold: sources
Coincheck Inc., the cryptocurrency exchange hit by a massive theft earlier this year, has accepted a takeover bid by online brokerage Monex Group Inc., sources said Thursday. The acquisition will be officially announced Friday. Monex Group is planning to appoint Toshihiko Katsuya, its chief operating ...
Monex eyes acquisition of troubled cryptocurrency exchange Coincheck
Monex aims to enter the virtual currency business by acquiring Coincheck, which was hit by a massive hack in January that stole ¥58 billion worth of NEM cryptocurrency.
Unregulated ICOs threaten funding source for startups
The rising cryptocurrency boom has sparked a fundraising scheme called initial coin offerings that have become a money-pumping machine for startups but also have a problematic reputation. Masahiro Yasu, 29, chief executive officer of Tokyo-based startup Alis Co., experienced the power of the ICO when ...
Binance, the world's largest cryptocurrency exchange by traded value, is seeking a fresh start in the Mediterranean. The company, founded last year in Hong Kong, is planning to open an office in Malta, Chief Executive Officer Zhao Changpeng said in an interview. Binance will soon ...
All NEM stolen from Coincheck may have been exchanged for other cryptocurrencies: experts
Almost all of the NEM stolen from Japanese exchange Coincheck Inc., valued at around ¥58 billion ($530 million), may have been exchanged for other cryptocurrencies, information security experts said Friday. The stolen NEM could be eventually cashed because tracking cryptocurrencies is difficult once they are ...
Singapore-based NEM foundation ends tracking of stolen cryptocurrency
Singapore-based cryptocurrency organization NEM.io Foundation said Tuesday it has stopped tracking stolen NEM virtual currency, as it had since a massive hack of the Coincheck exchange in January. The foundation's President Lon Wong said in a statement posted on Twitter that since Sunday it has ...
Expert says half of stolen NEM likely converted on darknet; Coincheck drops Monero, Dash and Zcash
The hacked cryptocurrency exchange says it will no longer handle Monero, Dash or Zcash because their anonymity features present a high money laundering risk.
Hacked Japanese cryptocurrency exchange Coincheck refunds customers
Virtual currency exchange Coincheck said Tuesday it had refunded more than $440 million to customers following the recent hack of its systems, which was one of the largest thefts of its kind. The company said it used its own funds to reimburse about ¥46.6 billion ...
Reeling from government reprimands over lax standards after a theft of ¥58 billion ($530 million) in digital money, cryptocurrency exchange Coincheck Inc. said it would from Monday start repaying customers affected by the heist. Coincheck also plans to lift curbs from Monday on the trading ...
