Sentences with phrase «coincheck also»

Coincheck also said it will continue its efforts to seek registration of virtual currency exchanges to the Financial Services Agency.

Unsurprisingly, Coincheck also revealed on Thursday that they received a business improvement order from the Financial Services Agency (FSA) that focused on their «illegal remittance of the virtual currency NEM due to unauthorised access recently occurred.»

Coincheck also revealed its calculation for the amount of bitcoin gold to be distributed to users of its trading accounts.

Coincheck also stored the 500 million NEM tokens in a hot wallet without multi-sig security, further underlining its failings as a custodian of customers» cryptocurrencies.

Coincheck also notes that the withdrawals of JPY and the date mentioned is completely «unrelated to reparation payments for the XEM.»

Over the weekend, Coincheck also issued a statement stating that the exchange will compensate the exchange's 260,000 NEM holders who lost funds, although no detailed plan for repayment has yet been released.

In a news conference today, Coincheck also announced that it will begin compensating users who had their cryptocurrency stolen, beginning as soon as next week.

Coincheck also came up with an easy to apprehend equation to make it easier for investors to deal with the same.

Coincheck also lacked multi-signature security, a measure requiring multiple sign - offs before funds can be moved.

Not exact matches

Japanese authorities also ordered business improvements at five other exchanges, including Coincheck.

The regulator also told Coincheck to implement anti-money-laundering measures.

What may also be keeping crypto markets relatively more propped up today than they were following the Mt. Gox hack is the fact that there are more players in the market today, with Coincheck being just one of many exchanges, and NEM being only one of many cryptocurrencies.

Monex, which is also a Japanese firm, was motivated to make the offer in part because it wanted to gain access to Coincheck's customer base.

A $ 530 million hack of Japanese cryptocurrency exchange Coincheck late last week has also weighed on the market, along with a subpoena U.S. regulators sent to two of the world's biggest cryptocurrency players, Bitfinex and Tether.

Sources also said that Coincheck, a Japanese exchange that was robbed of more than $ 500 million worth of cryptocurrency, may be asked to raise its standards (likely related to its underwhelming cybersecurity safeguards).

The FSA also directed Coincheck to provide an «appropriate response to customers» and to integrate «risk management» measures.

Coincheck personnel also told attendees that the only assets stolen were NEM tokens; that it intends to work on refunding stolen customer funds, at least in part, though it is not yet sure how it might do this; and that the exchange had not been using NEM's multi-signature smart contract, which could have enhanced security.

Monex was also cited as saying it hopes to hold an IPO of Coincheck shares at a future date - a move that would be a first for a Japanese cryptocurrency exchange.

The agency also plans to find out if Coincheck has the financial resources to repay its customers.

There has also been the incidence of hacks on exchanges, the latest being the theft of roughly $ 532.9 million in digital money from Tokyo - based cryptocurrency exchange Coincheck a few weeks ago.

Monex was also cited as saying it hopes to hold an IPO of Coincheck shares at a future date - a move that would be a first for a Japanese cryptocurrency exchange.

On Tuesday, Nikkei reported that Monex Group, also based in Tokyo, was «offering to take over Coincheck.»

The regulator also told Coincheck to implement anti-money-laundering measures.

What may also be keeping crypto markets relatively more propped up today than they were following the Mt. Gox hack is the fact that there are more players in the market today, with Coincheck being just one of many exchanges, and NEM being only one of many cryptocurrencies.

«We also have a full account for all of Coincheck's lost XEM on the blockchain.

The outlet also quotes Coincheck as saying, «We are not filing for bankruptcy or anything of this sort.

The vice president of the NEM Foundation, Jeff McDonald, also told Bitcoin Magazine that if Coincheck had been using a multisignature wallet, the problem would not have occurred.

Sources told CNBC that Japan's Financial Services Agency (FSA) is also planning on potentially ordering Coincheck to raise its operating standards after the exchange lost $ 530 million of digital currency in a high - profile theft from hackers.

(See also: Coincheck May Have Suffered The Worst Hack In Cryptocurrency History).

An association of Coincheck's victims was also established at the meeting.

The management reshuffle will also see Monex COO Toshihiko Katsuya take over as president of Coincheck, with Monex Group president Oki Matsumoto joining Coincheck's new board.

In an earlier statement issued to CoinDesk, the NEM.io Foundation also suggested a lack of security precautions at Coincheck may have resulted in the hack.

The outlet also reports that, per the president of the Asia Fintech Society, «Regardless of how it plays out, the Coincheck theft is likely to push policymakers to enforce stricter security requirements at cryptocurrency exchanges.»

Coincheck, which was victim to a large - scale heist of roughly $ 532 million in NEM, also has an application pending.

Chosun also quotes Lee Keun - hee, a professor of business administration at Sogang University, as saying, «If cryptocurrency exchanges currently operate outside regulatory systems, that means there is no way for investors to be compensated in the event of a Coincheck - like hack on a Korean exchange.

Yet, according to another report by Reuters, the FSA said on Friday that it has already ordered Coincheck to fix its security loophole, which was also one reason FSA has yet to approve Coincheck as an exchange.

The FSA has also ordered Coincheck to improve its cybersecurity standards.

There are startups that operate Bitcoin exchanges like Bitflyer and Coincheck, however, there is also a growing number of large corporations adding Bitcoin exchanges as part of their services.

Japan - based cryptocurrency exchange, Coincheck, known for being a target of a cyberattack in January 2018 that led to the loss of 500 million XEM tokens, is also delisting several trading pairs.

Monex was also cited as saying it hopes to hold an IPO of Coincheck shares at a future date — a move that would be a first for a Japanese cryptocurrency exchange.

In a tweet put out by Coincheck, Japan's biggest cryptocurrency exchange, said they have halted all crypto withdrawals but for those of Bitcoin and have also stopped deposits into NEM accounts.

It was also revealed that Coincheck was not registered with Japan's Financial Services Agency, but now plans to do so.

Also the hack of the Japanese crypto exchange Coincheck, where some hundreds of millions of dollars disappeared caused enough unrest.

The FSA has stated that it had warned the exchange about its security loopholes before the hack, which also explained why Coincheck has yet to obtain a formal approval from the agency.

In return, Monex will be given an opportunity to enter the booming cryptocurrency space and will also gain access to Coincheck's current customers.

Kuramoto also pointed to the infamous January heist of Tokyo - based cryptocurrency exchange Coincheck where NEM tokens worth $ 530 million, at the time, were stolen.

Coincheck, another major Japanese exchange, also announced it is «planning to provide Bitcoin Gold» in the event of a chain split.

NEM also responded favorably on a global scale, with a nearly 30 percent jump on Coincheck's announcement, according to Coinmarketcap.

McDonald further said that «We also have a full account for all of Coincheck's lost XEM (NEM) on the blockchain.

As the investigation continued, customers of the exchange also filed class action lawsuits demanding that Coincheck expedite reimbursement of their losses.