The theft highlights the vulnerabilities in trading an asset that global policymakers are struggling to regulate and the broader risks for Japan as it aims to leverage the fintech industry to stimulate economic growth. "Chocolate Queen” ng Cebu nagbahagi ng kaalaman sa SGġMX music festival sa Sydney, Australia sa Oct.Japanese authorities said yesterday they would investigate all cryptocurrency exchanges in the country for security gaps and ordered Coincheck to lift its standards after hackers stole $530mn worth of digital money from the Tokyo-based exchange in one of the world’s biggest cyberheists. PBA on Tour: Magnolia stays unbeaten with romp over Rain or Shine Sentro Rizal Library sa Jakarta bukas na sa publikoĭOH on aspartame: Limit eating 'ultra processed' food, drinks Japanese world freestyle champion dominates Asian BMX championships Jollibee addresses illegal dismissal claims in NJ branchįil-Am talents join Hollywood actors' strike
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The virtual currency is well down from record highs approaching $20,000 in late December, having rocketed 25-fold last year, before being hit by concerns about a bubble and worries about crackdowns on trading it.īillionaire investor George Soros, known for his legendarily successful currency trading, has dismissed bitcoin as a "typical bubble".īut speaking Thursday at the Davos summit, he said the cryptocurrency would likely avoid a full crash because authoritarians would still use it to make secret investments abroad.įor Chua, Aranas, friendship is key to World Cup of Pool conquest In 2014 major Tokyo-based bitcoin exchange MtGox collapsed after admitting that 850,000 coins - worth around $480 million at the time - had disappeared from its vaults.īitcoin is recognized as legal tender in Japan and nearly one third of global bitcoin transactions in December were denominated in yen, according to specialist website.
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Major virtual currencies had rebounded slightly by late Friday but were still down, with Bitcoin dropping 2.13 percent to $10,987.70, ripple sliding more than six percent and ethereum flat.Ĭoincheck said it had discovered the breach at 11.25 am and announced it had suspended trading for all cryptocurrencies apart from bitcoin in a series of tweets.Īccording to its website, which proclaims it is "the leading bitcoin and cryptocurrency exchange in Asia", Tokyo-based Coincheck was founded in 2012 and had 71 employees as of July last year. "We're still examining how many of our customers are affected," he said, adding that the exchange was trying to find out whether the breach was from Japan or another country.Īfter the exchange suspended deposits and withdrawals, NEM plunged more than 16 percent in a 24-hour period, according to.
It's worth 58 billion yen based on the calculation at the the rate when detected," said Coincheck's chief operating officer Yusuke Otsuka late Friday. "At 3 am (1800 GMT) today, 523 million NEMs were sent from the NEM address of Coincheck. Cryptocurrencies fell Friday after Japan-based digital exchange Coincheck suspended client deposits and withdrawals for virtual currencies except bitcoin, saying it had been hacked.Ĭoincheck said it was investigating "unauthorized access" of the exchange that appeared to result in a loss worth half a billion US dollars of NEM, the 10th biggest cryptocurrency by market capitalization.
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