Sentences with phrase «told coincheck»

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

Japan's Financial Services Agency told Coincheck to get its systems in order after the hack — the exchange had been storing customer assets in an internet - connected «hot wallet,» which is something of a security no - no.

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

Japan's Financial Services Agency told Coincheck to get its systems in order after the hack — the exchange had been storing customer assets in an internet - connected «hot wallet,» which is something of a security no - no.

Not exact matches

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.

The Coincheck incident seems to serve as a wakeup call, however, and authorities clamped down on six others who were told to beef up their organizations to prevent more scandals or security issues.

«Having bitcoin payment available for something like a utility bill, that has a reliable image, will definitely change how people perceive, bitcoin in a good way,» Kagayaki Kawabata, Coincheck business development lead, told Brave New Coin.

That being said, Coincheck at least will likely receive a notice to raise its system's standards, Nikkei reported, which would be the second time it would be told to do so.

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.

In January of last year, the company told news.Bitcoin.com that more than 5,000 merchants had signed up to accept the digital currency through its merchant service called Coincheck Payment.

«It was a matter of great regret that illicit access caused a massive cryptocurrency outflow from Coincheck on Friday,» Aso told reporters, as reported by Reuters.

Takuro Mizobe, one of Coincheck's lead engineers, told CoinDesk the company was in negotiations with several online merchants who had contacted the company, looking for the marketing edge they would potentially gain by accepting bitcoin.

The hackers who stole approximately $ 530 mln worth of NEM coins from the largest Japanese cryptocurrency exchange Coincheck on Jan. 26 are now moving some of those coins to different addresses, NEM Foundation vice president Jeff McDonald told Reuters on Tuesday, Jan. 30.

«A user can now lend all cryptocurrencies that are listed on our exchange,» Coincheck Business Development Lead Kagayaki Kawabata told Bitcoin.com.