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Japan Lost Over $6.2 Million in Crypto Assets Last Year

BitcoinNitish SinghMarch 23, 20180

Japan’s National Police Agency (NPA) has just released reports that 2017 saw over $6.2 million loss in crypto assets either through fraud or theft. Do note; this report does not include the recent (late January 2018) massive Coincheck hack that resulted in $550 million loss in NEM tokens. Nikkei, a local news outlet made this…

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Coincheck Drops Support For Monero, Dash, and Zcash

BitcoinNitish SinghMarch 19, 20180

Coincheck, the crypto-exchange based in Tokyo which suffered a loss of over $550 million in NEM from a hack back in January, has declared that they will stop dealing with Monero, Dash, and Zcash. The trading platform sights the high level of anonymity provided by these digital currencies as a high risk, as it can…

Coincheck Cryptocurrency Hack Remains Unsolved

WalletsNitish SinghMarch 17, 20180

One of the main problems around cryptocurrency is that it makes money laundering much easier. What is more disturbing is that crypto-exchanges are fairly ill-equipped to combat these issues. The recent Coincheck hack highlights money laundering potential of the digital currency. When Coincheck was hacked earlier this year, over $500 million got stolen in NEM. It is…

White Hat Hackers Join Forces to Help Find Stolen Coincheck Funds

BitcoinNitish SinghFebruary 23, 20180

Last month, Coincheck, a Tokyo-based cryptocurrency trading firm lost $530 million worth of NEM coins to malicious hackers. Now the white hats are on board to help retrieve the stolen funds. No information regarding the hackers nor their identities have been found out, but the white hats might change the scenario. Shota Hamabe, a 34-year…