Monex’s Coincheck Continues To Make Progress Despite Costly Exchange Hack With New Management

2019-2-7 20:54

Japan-Based Crypto Exchanges Move To Integrate Corporate Governance Through Acquisitions

Japan-based crypto exchange, Coincheck, is among the firms within the crypto arena that are currently undergoing a managerial shift. The move is aimed at improving corporate governance within the cryptocurrency industry. Coincheck’s troubles began when it was hacked over 55 billion Yen thus calling for a new approach to its mode of business.

Recently, Koichiro Wada, who is the founder of Coincheck was accompanied by his replacement, Toshihiko Katsuya, to a press conference. It is evident that the former is preparing to hand over presidential duties to Katsuya as part of the plan to revamp the crypto exchange.

Coincheck Acquisition By Monex Group

This leading Japanese digital currency exchange has been leveraging resources from the Monex group after an acquisition in April 2018. The move was mainly influenced by the setback as a result of Coincheck’s hacking. Other players in the digital exchange business were also affected especially after the FSA Japan decision to deny approval for new coin exchanges while sanctioning some of the existing ones.

Katsuya, the new head at Coincheck, is however convinced that Coincheck’s outlook will improve with resources from the experienced Monex Group. The firm is well vast in money and capital markets have been in the business for two decades.

However, numbers from digital assets have not been impressive for Monex so far. The crypto market bears of 2018 contributed to a loss of 1.1 billion Yen for the company within a period of 8 months. Monex continues to handle cryptocurrency firms despite the challenges for a better Fin Tech ecosystem in the coming days.

Integrating Cryptocurrency With Corporate Values

The trend crypto company acquisitions by corporations have resulted in replacements of the current heads by more professional experts. A good example is Wada’s replacement by Katsuya.

Another company that has a similar experience is BitFlyer Holdings, the firm’s founder handed over his duties to an expert from the financial services sector. Yoshio Hirako now heads the company that was founded by Yuzo Kano.

Takao Asayama founder, Zaif, is among those that have ceased to lead the digital currency exchange following a change of hands to Fisco. The firm which operates in the financial industry took charge towards the end of 2018 after an attack on Takao that exposed 6.7 billion Yen.

Other big corporate players that have bought stakes in digital exchanges include Yahoo Japan and Rakuten. Pro-acquisition analysts are positive that such moves will enhance the security procedures hence bringing back investors.

Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and EOS Price Analysis Watch (Feb 7th)

 

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0.0095806 (+7.58%)
Объем 24H $0
Изменеия 24h: 2.35 %, 7d: -7.78 %
Cегодня L: $0.0086651 - H: $0.0095806
Капитализация $183.154k Rank 1690
Цена в час новости $ 0.0010399 (821.3%)

crypto coincheck move corporate japan-based governance within

Источник: bitcoinexchangeguide.com

crypto coincheck → Результатов: 55


CoinCheck Review [2022] – Fees, Supported Countries, Deposits & Withdrawals

Coincheck is one of the top exchanges in Asia and arguably the leading crypto exchange in Japan. It was created in 2014 by crypto enthusiasts Keisuke Wada and Yusuke Otsuka. It is ranked among the top twenty crypto exchanges worldwide and rakes in more than 200 million dollars of traded volume in 24 hours(when this […] The post CoinCheck Review [2022] – Fees, Supported Countries, Deposits & Withdrawals appeared first on CaptainAltcoin.

2021-12-21 13:54


Фото:

Japanese Crypto Exchanges Are Seeking a New Life Under New Leadership

Coincheck, a cryptocurrency exchange from Japan which suffered the biggest hack in the history of cryptocurrencies is undergoing a revamp. In a recent news conference, Coincheck founder Koichiro Wada appeared with Toshihiko Katsuya, who replaced him as the president of the exchange to assure the public that the young company has learned valuable lessons from its […] Japanese Crypto Exchanges Are Seeking a New Life Under New Leadership was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

2019-2-7 22:04


Japan’s FSA To Explore Crypto Regulation Expansion To Include Unauthorized Investment Deals

Since the Coincheck theft and the Mt. Gox collapse, the Financial Services Agency (FSA) of Japan has been tightening their restrictions and making regulations clearer. To close a loophole found in the regulations, they may soon be regulating another part of the industry – unregistered investment firms that use cryptocurrency, rather than cash. Sankei Shimbun […]

2019-1-9 13:38


Insights On Japan’s Possible Crypto ETF Support, Will This Also Foster an Approval from the US SEC?

The high level of concern that the Japanese government through its Financial Services Agency had caused to the crypto market and not just the crypto users, investors and exchanges in Japan could not be forgotten soon around old-time crypto users after the Coincheck hack of Jan 2018, which led to a loss of more than […] The post Insights On Japan’s Possible Crypto ETF Support, Will This Also Foster an Approval from the US SEC? appeared first on ZyCrypto.

2019-1-9 12:06


CoinCheck Is Back, Begins Trading Wider Range Of Assets And Reinstated Its Crypto Lineup After Hack

CoinCheck Is Getting Back In The Saddle: Begins Trading Wider Range Of Assets And Reinstated Its Crypto Lineup After Hack It's been a tough year for the Japanese Cryptocurrency exchange CoinCheck. Having sustained a serious hack which cost it a total of $530 million worth of funds. But according to a recent press release in […]

2018-11-26 21:45


Factom [FCT] Price Surges Over 100% Despite Bearish Crypto Market, Relists on Coincheck

Despite extremely bearish movements across the market, Factom has been holding its value and undergoing a recent surge. The cryptocurrency which focuses on using blockchain technology to build data integrity and trust systems had been holding support solidly around $4 despite the rest of the market sharply declining.

2018-11-26 19:13


Japan’s Zaif Crypto Exchange loses about $59.7 Million in Fresh Hack

The continuous news of hacking of cryptocurrency exchanges has grown this year when compared to previous years in the cryptocurrency industry. It started with Coincheck a cryptocurrency exchange in Japan where about $500 million worth of NEM token was stolen and now another cryptocurrency exchange in Japan, Zaif exchange in the news after a hack […] The post Japan’s Zaif Crypto Exchange loses about $59.7 Million in Fresh Hack appeared first on ZyCrypto.

2018-9-20 13:43


Фото:

Взломали Японскую биржу Zaif

Пользователи Zaif crypto exchange, базирующиеся в Японии, недавно были лишены доступа к снятию средств и депозитам на бирже. Это событие, вероятно, станет вторым по значимости инцидентом, связанным со взломом японских бирж, после взлома Coincheck.

2018-9-20 01:26


Cryptocurrency Exchanges Are Fundamentally Flawed: Imperfections To Fix?

The Mt. Gox disgrace which took place in 2014 saw the advent of thefts and hacks, which have characterized a number of crypto exchanges, with the most recent occurring early this year. In this particular scandal, approximately $500 million worth of clients’ virtual assets disappeared from Coincheck, a Japan based crypto exchange. Apart from these […]

2018-9-2 12:15


Monex Executive Wants to Keep Cryptocurrency’s Future Within Japan

Oki Matsumoto Wants To Keep Financial Future Of Cryptocurrencies Within Japan Monex broke into the crypto industry fast by acquiring Coincheck, which recently was threated by a hack. Their hope is that the companies that can use various technologies would essentially develop the center of the entire financial industry, ensuring secure transactions for every entity. […]

2018-8-23 22:11


дальше еще 6 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum's transaction size falls 54%: Why it's not bad news for ETH

ETH could be close to its bottom after the transaction size failed to spike. While the price might slip, traders are convinced of a quick recovery. On the 19th of May, AMBCrypto observed thaThe post Ethereum's transaction size falls 54%: Why it's not bad news for ETH appeared first on AMBCrypto.

Whale watch: $1B in Toncoin trades shake the market, tracking what's next

Toncoin has seen a surge in whale activity on its network. TON, however, is at risk of a price decline. Toncoin [TON] has witnessed a spike in whale activity on its network in the past few wThe post Whale watch: $1B in Toncoin trades shake the market, tracking what's next appeared first on AMBCrypto.

Predicting how ETH will react IF the SEC approves Ethereum ETFs

Coinbase analyst sees a 30-40% chance of approval for Ethereum ETFs. Ethereum's dominance and performance are at a low, suggesting a need for positive development soon. It is generally belieThe post Predicting how ETH will react IF the SEC approves Ethereum ETFs appeared first on AMBCrypto.

Ethereum sets sights on $4K: Will THIS spark a new rally for ETH?

ETH was up by more than 6% over the last seven days.  A few of the metrics suggested that the bullish momentum might not last.  Ethereum [ETH] caught investors off guard as its price gaineThe post Ethereum sets sights on $4K: Will THIS spark a new rally for ETH? appeared first on AMBCrypto.

Ethereum ETFs progress, but Solana may turn things bearish instead - How?

New data indicated that the likelihood of approval of Ethereum ETFs was relatively high. Ethereum lost market share to Solana, however, the price of ETH continued to surge. Ethereum [ETH] haThe post Ethereum ETFs progress, but Solana may turn things bearish instead - How? appeared first on AMBCrypto.

Fantom Sonic: Will Ethereum integration help FTM's price?

Fantom disclosed that Ethereum would enable the token migration. While FTM's price increased, reaching $1 could be challenging in the short term. Layer-1 blockchain Fantom [FTM] has discloseThe post Fantom Sonic: Will Ethereum integration help FTM's price? appeared first on AMBCrypto.

Avalanche [AVAX] jumps 7% ahead of token unlock: Is $43.50 coming?

Volatility around the token may be low, considering it has previously released 60% of its supply. AVAX might hit $43.50 if the volume continues to back the price action. The price of AvalancThe post Avalanche [AVAX] jumps 7% ahead of token unlock: Is $43.50 coming? appeared first on AMBCrypto.