Following
a hack against the exchange Coincheck last week, CoinDesk's Bitcoin Price Index (BPI) turned lower from $ 11,942 (Sunday high), ultimately hitting a low of $ 11,110 at 09:59 UTC Monday.
Not exact matches
But Japan has chosen to seize the opportunity and regulate
exchanges, setting up a licensing system last year, although experts say such measures are no guarantee
against hacking and cybercrime.
Market Overview Bitcoin and other cryptocurrencies have ascended at a steady pace over the last 3 weeks and it appears that Bitcoin has developed an impressive immunity
against the usual correction triggers of tax selling, regulatory fears,
exchange hacks and other FUD that have plagued crypto - markets since Q1 2018.
A new proposal could make it easier for bitcoin
exchanges to guard
against hacks, but key challenges around enacting the change are slowing advances.
In line with recent
hacks globally, the SFC said that in a digital environment it can be hard to pursue action
against fraudsters or unlicensed
exchanges.
A group of cryptocurrency investors will be filing a lawsuit
against Japanese
exchange Coincheck Inc. over the
hacking incident where $ 530 million in NEM tokens had been stolen.
It provides higher security
against DDoS attacks and
hack compared to centralized
exchanges such as Cryptsy, Bitfinex, and Poloniex.
Another class action lawsuit for around 82 million yen (around USD 771,000) has been filed
against the
hacked Japanese
exchange, according to Cointelegraph.
US cybersecurity firm Recorded Future claimed that in late 2017, North Korea executed a
hack attack
against the
exchange Coinlink.