Sentences with phrase «following coincheck»

The post Japanese Crypto Exchanges Strengthen Self - Regulation Following Coincheck Hack appeared first on Bitcoin News.

Influential Japanese Businessman Lashes out at Coincheck and Cryptocurrency Traders Japanese Chamber of Commerce and Industry chairman Akio Mimura says cryptocurrencies have «come to a crossroads» in Japan following the Coincheck hack last week.

Following Coincheck's merchant service suspension, Airregi «stopped the bitcoin payment function voluntarily» and notified the merchants using its POS system of this decision, Business Insider Japan confirmed.

Following the Coincheck debacle, the FSA conducted on - site inspections of each and every unregistered cryptocurrency exchange applying for acceptance.

Following the Coincheck breach, Japanese authorities announced on January 29, 2018, that they would investigate all cryptocurrency exchanges in the country for security gaps, and ordered Coincheck to, essentially, get its act together.

Two Japanese cryptocurrency exchanges are reportedly quitting their operations amid tighter oversight from authorities following the Coincheck hack, which saw the theft of $ 530 million in January.

Not exact matches

Coincheck, the virtual exchange hit by the cyberattack, said it would refund customers following the theft.

In the latest development in the saga, Japanese financial regulators on Monday indicated that they had plans to enforce «administrative punishment» against Coincheck following the massive hack, Reuters reported.

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.

A group of 16 cryptocurrency exchanges in Japan have decided to create a self - regulating body in the country to safeguard investors following the massive Coincheck hack last month that cost about $ 530 million, according to Reuters.

Many in Japan feared its cryptocurrency market would grind to a halt following the hack of the Tokyo - based exchange, Coincheck.

Coincheck plans to resume operations this week following a government - mandated freeze on all trading activity.

In January, cyber criminals made off with around $ 530 million worth of NEM tokens following an attack on Coincheck, a Japanese exchange.

Following one of the biggest cryptocurrency exchange thefts in history, Coincheck in Japan has gone into full damage control mode, releasing periodic statements about when customers would be allowed to withdraw their yen from the exchange.

The new owner of Japan's Coincheck exchange, Monex Group, says creating its own blockchain with an ICO to follow is on its radar.

The Financial Services Agency (FSA) have recently developed new strategies and requirements for cryptocurrency exchanges to follow, in the wake of the devastating Coincheck hack in January, evidence that the government are keen to facilitate cryptocurrency activity within its borders but are equally keen to ensure that trading remains above board, legal and safe.

Several Japanese cryptocurrency exchanges have joined forces to form a self - regulatory body in an effort to better protect investors following last month's attack on Coincheck, which resulted in the loss of hundreds of millions of dollars.

Announced at the first meeting of a cryptocurrency exchange study group established by the FSA in early March, the data release marks the latest effort by the financial watchdog in bringing greater transparency to the industry following a recent hack of one of the domestic exchange Coincheck.

The news comes as exchanges in Japan more widely are taking steps to restore public confidence in the industry following a hack in January that exploited some $ 500 million - worth of NEM tokens from the Coincheck exchange.

According to Reuters: «Japan's financial regulator said on Friday it had ordered all cryptocurrency exchanges to submit a report on their system risk management, following the hacking of over half a billion dollars of digital money from Coincheck.»

This was followed by a single withdrawal of 500 million NEM, with the altcoin's foundation president Lon Wong then tweeting «It's unfortunate that coincheck got hacked.

In recent months, the FSA has been clamping down on cryptocurrency exchanges in Japan following the January hack at Tokyo - based exchange Coincheck, resulting in the theft of $ 530 million worth of NEM.

Japan's Financial Services Agency on Friday ordered two cryptocurrency exchanges to suspend business for two months as it cracks down on regulatory lapses following the massive theft of digital money at Tokyo - based Coincheck.

Since Coincheck partially resumed business activities following its recent hack, investors have flocked to withdraw millions from the exchange.

Finally, Japan's demand for stronger security on exchanges actually bodes well for Bitcoin, since it may help restore Japanese investors» faith in cryptos following the $ 530.0 - million Coincheck hack.

Japan's Coincheck exchange reinstated Japanese yen withdrawals yesterday and investors are already flocking to take out their funds following the firm's recent hack.

The significant amount of Japanese yen withdrawn Tuesday may signal decreasing levels of confidence among Coincheck's existing customers following the loss, as well as amid recent scrutiny by Japan's financial regulator, the Financial Services Agency (FSA).

The half a billion dollar theft in Japan on the Coincheck Exchange could be a cautionary tale for Taiwan, which has been looking to possibly fill the cryptocurrency void in Asia following the crackdowns in China and South Korea.

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.

Following one of the largest hacks in the history of cryptocurrency, Japanese cryptocurrency exchange Coincheck has

Following one of the largest hacks in the history of cryptocurrency, Japanese cryptocurrency exchange Coincheck has announced that it will comply with an order from Japan's Financial Services Agency to improve its business operations.

Japan's Financial Services Agency (FSA) has ordered the suspension of two more cryptocurrency exchanges and sent a business improvement notice to another, following a series of inspections after the January hack of around $ 534 mln in NEM from Japanese crypto exchange Coincheck, local news outlet Nikkei Asian Review reports today, April 6.

News Japanese cryptocurrency exchange Coincheck is reportedly considering a capital tie - up in order to regain the trust of crypto investors, following a recent hack where 58 billion yen worth of cryptocurrency was lost.

Following the enormous theft of 523,000,000 XEM (NEM), Japan based cryptocurrency exchange Coincheck has announced it will reimburse all impacted investors.

The decision comes at a time when the FSA is beefing up its efforts in scrutinizing Japanese exchanges regarding security measures, following the hack of some $ 530 million - worth of the NEM cryptocurrency from the Coincheck exchange in January.

Japanese cryptocurrency exchange Coincheck is reportedly considering a capital tie - up in order to regain the trust of crypto investors, following a recent hack where 58 billion yen worth of cryptocurrency was lost.

The Tokyo - based cryptocurrency exchange Coincheck is reportedly «considering a capital tie - up to strengthen its financial base and regain trust following a massive cryptocurrency theft from the exchange in a hacking incident about a month ago,» Jiji Press reported, citing an informed source.

Though a very desirable location for new projects, Japan has recently stepped up enforcement in the cryptocurrency space, following the enormous $ 500 million Coincheck hack.

Following the recent major hack of Japanese cryptocurrency exchange Coincheck, the country's financial watchdog is taking measures to ensure and improve the industry's security.

BitGrail is the second exchange that lost of massive amount of money this year — and it's only February — following Tokyo - based Coincheck, which lost between $ 400 and $ 534 million worth of coins in a cyberattack on its internet - connected wallet back in January.

Following one of the largest hacks in the history of cryptocurrency, Japanese cryptocurrency exchange Coincheck has announced that it will comply with an...

This follows the large - scale heist of digital assets from prominent Japanese exchange Coincheck.

Japan's biggest bitcoin exchange Coincheck has been receiving «hundreds of requests» from Chinese startups to list their tokens following China's blanket ICO ban — Japan has created a regulated environment embracing Bitcoin and the digital economy which makes it easier for startups to flourish.

Japanese Industry Groups Promise Tighter Self - regulation as Experts Warn of Gov» t Regulations Leading lights of the Japanese cryptocurrency and blockchain scene have declared their intention to work together to prevent further hacks, following a massive 526 million XEM hack on exchange platform Coincheck last week.

Following the theft of more than US$ 400 million in NEM tokens, stolen from Japanese cryptocurrency exchange Coincheck, the NEM Foundation revealed that it has «tagged» all of the compromised coins and is currently tracking their movements on the blockchain.

Citing sources, Nikkei says Monex is in the process of submitting an offer worth «several billion yen» — a billion yen is approximately 10 million USD — while suggesting that Coincheck is struggling to comply with regulatory requirements and its own recovery effort following January's theft.

The Degawa ads began running in early December and had enjoyed enormous success, with Coincheck experiencing a tenfold rise in the amount of new accounts opened following the campaign's launch.

The country's financial regulator has increased its scrutiny of exchanges and trading platforms following the $ 530 million hack of Tokyo - based exchange Coincheck in late January.

Coincheck's plan for reimbursements comes amid a wider effort by the FSA to more closely scrutinize cryptocurrency exchanges in Japan to bring about improved services and security following the hack.

Following the loss of $ 500 million in NEM, which was hacked in January, Coincheck's owners have looked increasingly uncomfortable.