Industry Watch 30 January, 2018 – 05:17

Nami | Daily Crypto News 30.01.2018

Copied to clipboard
Copied to clipboard

SCMP: Hong Kong won’t ban digital currencies but will educate public on risks via campaign

The explosion of unregulated initial coin offerings (ICOs) and volatility in the price of virtual currencies is of concern to Hong Kong policymakers, who on Monday said it would not ban them, but would educate people about the risks of such investments.

19 Blackrock.jpg

Coin Telegraph: World’s Largest Investment Company: ‘Interesting’ Bitcoin Is Under ‘Close Review’  

Isabelle Mateos Y Lago, chief multi-asset strategist at BlackRock, an investment management corporation with $5.7 trln in assets under management, has said that the company is keeping cryptocurrency under “close review” as an “interesting development.”  

22 BTCC accquired.JPG

Coin Desk: Bitcoin Exchange BTCC Just Got Acquired

Bitcoin services startup BTCC said it’s been acquired by a Hong Kong-based blockchain investment fund. It did not name the buyer or reveal the price.

japan giant.jpeg

Coin Desk: Japanese Electronics Retail Giant Launches Bitcoin Payments

Major Japanese electronics retailer Yamada Denki is partnering with the BitFlyer exchange to trial bitcoin payment in two of its stores.

Korean Times: WeMakePrice plans to accept Bitcoin payment

WeMakePrice (WMP), a leading social commerce platform providing e-commerce and internet advertising services, said Monday it will accept cryptocurrency payments within the first quarter of this year.

1 Coincheck hot wallet 2.png

Nikkei Asian Review: Sloppy management was behind the Coincheck cryptocurrency hack

One of the reasons for the theft of NEM coins was the use of “hot wallets,” which are connected to networks at all times. Unauthorized access could have been prevented if the digital money had been managed with “cold wallets,” but the exchange could not provide this “due to technical reasons and understaffing,” said Coincheck President Koichiro Wada. A cold wallet refers to storage that is offline, not connected to networks, and is therefore much safer.

Financial Times: Coincheck promises refund after $500m cryptocurrency heist

In a website announcement on Sunday, Coincheck said it would repay holders from company funds at a rate of ¥88.5 per XEM. The valuation is less than the ¥104 price the day before the hack or XEM’s current trading price of ¥112. Coincheck said it was still deciding when and how to repay. The net worth of Coincheck, and hence its ability to cover the debt, is unclear. The exchange’s future may depend on whether other customers demand to withdraw their funds.

Coin Telegraph: Texas Orders Suspected ‘Cryptocurrency Bank’ Scam To Leave State

AriseBank must halt all operations involving Texas residents after authorities enforce an order against the alleged ‘cryptocurrency bank.’


Disclaimer. This article/email is for informational purposes and should not be considered investment advice. Statements and financial information on Nami web/email and Nami related sites do not necessarily reflect the opinion of Nami and should not be construed as an endorsement or recommendation to buy, sell or hold.

While we aim at providing you all important information that we could obtain that may include certain information taken from exchanges and other sources from around the world, readers should do their own research before taking any actions and carry full responsibility for their decisions.Trading and investing in digital assets like cryptocurrencies is highly speculative and comes with many risks. Past performance is not necessarily indicative of future results.

Nami may provide links to third-party websites, including social networking websites. Since we do not control third-party sites and are not responsible for any information you may provide while on such sites, we encourage you to read the privacy policies on those websites before providing any of your information on such sites.