Coincheck to Start Compensating Hack Victims and Resume Operations Next Week

Hacked Japanese exchange Coincheck is getting ready to start compensating its customers next week as it plans to resume operations. The exchange has been slapped with two business improvement orders so far by Japan’s financial regulator and may stop trading some cryptocurrencies for safety reasons. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 … Read more

Japan Punishes Seven Cryptocurrency Exchanges, Suspending Two

The Japanese financial regulator has punished seven cryptocurrency exchanges in the country, suspending the operation of two of them. “The agency fears another Coincheck-style hack,” it stated after recent inspections of all crypto exchanges in Japan revealed inadequate measures for customer protection. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies FSA Punishes … Read more

PR: Paytomat Will Run a Token Sale to Bring Cryptocurrencies to Your Next Door Cafe and Grocery Store

Paytomat Will Run a Token Sale to Bring Cryptocurrencies to Your Next Door Cafe and Grocery Store Having successfully integrated with over a hundred of point-of-sales in Ukraine, Paytomat will be holding a token sale to scale its blockchain-based solution to the global level Tallinn, Estonia and Kyiv, Ukraine – Paytomat, the decentralized system for … Read more

Tutellus Drops Ethereum in Favor of NEM’s Blockchain

Blockchain-oriented companies are always looking for ways to gain a competitive edge over others. In some cases, that means switching from one blockchain to another. For its part, Tutellus is switching over from Ethereum’s blockchain to NEM’s chain. It’s a remarkable decision, although it remains to be seen if this creates a precedent for other … Read more

132 Customers File Class Action Lawsuit Against Coincheck

This week local Japanese news outlets report that the exchange Coincheck, who suffered from a $530Mn USD loss of the cryptocurrency NEM, is facing a class action lawsuit. Reports detail that 132 Coincheck customers have banded together asking for a refund of 228 million yen ($2Mn). Also read: Digital Currency Group Welcomes Bitcoin-Friendly Bank to the … Read more