Coincheck in Tokyo Loses $400-Million in Cryptocurrency Heist

January 30, 2018 Endgadget 0

Japan: A cryptocurrency exchange called Coincheck was hacked on January 25 and lost $534-million in NEM tokens, a lesser-known cryptocurrency. This loss is higher than the Mt. Gox theft of 2014. Coincheck says it will use its own money to reimburse all 260,000 affected users, though it didn’t specify when it will start disbursing funds.


Bitcoin Surges Over $9​,​500 After Korean Bank Tests Crypto Wallet for Customers

November 27, 2017 ZeroHedge 1

Bitcoin makes another dramatic advance​, this time​ above $9,​500 as Korea’s second largest bank, Shinhan Bank, tested Bitcoin services for its clients. The bank intends to manage and issue the private keys of bitcoin addresses and wallets. Shinhan ​is no small enterprise with ​$192-​billion in assets and over 13,000 employees in 2016. Bitcoin now has a market cap over $156​-​billion, leaving the cryptocurrency worth more than Merck, Disney, and GE.