In Japan, Exchange Operators Shore up Investor Protections After Thefts

The Japan Virtual Currency Exchange Association says it will tighten investor protection stipulations after a wave of hacks on digital currency exchanges. Citing informed sources, the Japan Times reported the Japan Virtual Currency Exchange Association (JVCEA) has agreed to revise certain self-imposed rules to keep investors safe in the wake of hacks. The JVCEA is […]

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Bithumb Hack: Exchange Confirms It Will Reimburse All Users

Wilma Woo · June 21, 2018 · 8:00 am South Korea’s largest cryptocurrency exchange, Bithumb, has confirmed that it indeed lost 35 billion won ($31.4 million) in this week’s high-profile hack — which it will repay to users in full.  Bithumb: Amount Lost Could ‘Decrease’ In an update posted on June 21, the Bithumb said it […]

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Coincheck Posts Significant Profit, Despite High-Profile Heist

Adam James · April 27, 2018 · 1:30 am Despite experiencing one of the worst heists in the cryptocurrency market’s history, Coincheck has still managed to turn a significant profit. Can’t Nobody Hold Coincheck Down As reported by Reuters, Japanese cryptocurrency exchange Coincheck Inc. has recorded a writedown of roughly $432.56 million for the financial […]

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Japanese Crypto Exchanges Launch Self-Regulatory Body

Nick Omo · April 25, 2018 · 2:00 pm The 16 registered cryptocurrency exchange services in Japan have come together to form the Japan Cryptocurrency Exchange Association (JCEA). This is according to a report by Asahi Shimbun, a local news outlet in Japan. The JCEA will be responsible for the self-regulation of Japanese cryptocurrency exchange […]

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Coincheck to Reimburse $425 Million to Users After Hack

Jeff Francis · January 28, 2018 · 5:15 am Japanese crypto exchange Coincheck announced that it would reimburse roughly $425 million to its users affected by the recent hack. Usually when a cryptocurrency exchange is hacked, its users are out of luck. Valuable coins that have been stolen are never seen again, leaving users with […]

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