Sentences with phrase «while coincheck»

Monex chief operating officer Toshihiko Katsuya will take over as new president while Coincheck changes up its management in a bid to regain investors» trust, according to the report.

Japan is moving ahead and due to a recent change in law, big banks will now be pouring tens of millions into start up companies while Coincheck Denki is a service offering their Japanese clients to pay their utility bills through them... a trend we...

Coincheck, the Tokyo - based cryptocurrency exchange that has been struggling to get back on its feet since it suffered a devastating hack on January 26, 2018, has agreed to accept a takeover bid by Monex Group, a Japanese online brokerage firm.As part of that, Chief Operating Officer at Monex Toshihiko Katsuya will to take over as Coincheck's new president, while Coincheck's founding President Koichiro Wada and Chief Operating Officer Yusuke Otsuka will step down, according to Nikkei Asian Review.

Monex's acquisition of Coincheck will take place on April 16, and while Coincheck founders Koichiro Wada and Yusuke Otsuka will leave their CEO and Director positions, they will remain connected to Coincheck as operating officers.

As part of that, Chief Operating Officer at Monex Toshihiko Katsuya will to take over as Coincheck's new president, while Coincheck's founding President Koichiro Wada and Chief Operating Officer Yusuke Otsuka will step down, according to Nikkei Asian Review.

While Coincheck is the first bitcoin startup to introduce bitcoin deposits in Japan, it is not the first company to provide this service.

While Coincheck did have this significant loss as a result of theft, the acquisition by Monex Group will only be a good thing going forward with their involvement in the blockchain space.

While Coincheck has already begun repaying customers for the loss of funds, the exchange has faced multiple lawsuits from disgruntled investors.

Not exact matches

While an announcement about the Coincheck buyout could come this week, mainstream media outlets report, the impact on Monex underscores the continued faith in cryptocurrency's potential in the Japanese sphere.

While a number of exchanges have received licenses to date, the agency has nonetheless stepped up its oversight of the industry in the wake of the Coincheck hack.

Coincheck was one of the 16 exchanges that remained in quasi-operating status while its license application remained pending.

Some 16 exchanges in the country are currently registered, while another 16, including Coincheck, have been allowed to continue operating unregistered while they apply for licences.

And while the future of Coincheck can not be determined with any certainty, as the FSA sends out a string of business improvement and halt notices to crypto exchanges, perhaps Monex Group's support of Coincheck will lend the security that the exchange needs to overcome the blows to both the company's finances and reputation caused by the massive hack.

If successful, Monex is reportedly bringing in its own management team while current Coincheck executives are expected to step down.

While the FSA has issued licenses to sixteen domestic exchange operators, Coincheck isn't among them.

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.

Coincheck's executives confirmed the exchange will resume listing and trading some cryptocurrencies next week while suggesting that the NEM theft occurred after hackers infiltrated an employee's computer using malware.

While South Korea's intelligence agency has not presented clear evidence to back the claim, those will knowledge of the situation believe that North Korea's involvement in the Coincheck hack is a strong possibility.

On both English and Japanese social media, Coincheck promised users it would provide full details in due course, while in the meantime apologizing for the abrupt cut to services.

While Nikkei reports that about 4,500 stores in Japan currently accept bitcoin as payments, in an interview with Bitcoin.com in January, Coincheck revealed that more than 5,000 merchants and websites accept bitcoin through the company's system.