As of today, Tokyo-based Coincheck has begun distributing reparations to users impacted by the infamous late January theft of some $530 million in NEM. With an announcement on its website today, Coincheck has begun reimbursing funds – in JPY – to the account balances of users who held NEM at the time of the theft on January 26th. The refund value will be at a fixed rate of 88.549 Japanese yen, approx. $0.83 per NEM token stolen at the time. That’s over twice the current trading value of NEM’s XEM token, at just under $0.40 at press time. Continue reading Japanese Exchange Coincheck Begins JPY Refunds for NEM Hack Victims
It was a disappointing day for cryptocurrency investors, as 97 of the top 100 coins posted single-day declines. However, the NEM price (XEM) not only resisted this bearish trend — it actually managed to achieve a double-digit percentage increase against the US dollar. Continue reading NEM Price Jumps 16% as Other Top Coins Tumble
Here is an update received from Kraken, which is a leading crypto currency exchange. Bank account closures like this have frequently happened with other crypto currency exchanges too, but Kraken is at least giving some notice.
—————–Email from Kraken———————————
We regret to inform you that due to a variety of circumstances, we will be closing the following SWIFT bank accounts, as well as our domestic JPY funding accounts at SMBC in Japan. Please note that SEPA Euro funding will not be affected. Cryptocurrency funding will continue as usual. (All dates mentioned below are represented in JST)
The Following Funding Accounts will be Closed on March 21st:
USD, EUR, GBP (SWIFT)
Account Name: Payward Japan K.K.
Address: 3-11-10 Higashi, Shibuya-ku, Tokyo
Bank name: Sumitomo Mitsui Banking Corporation (SMBC)
Bank / branch location: 2-4-1 Hamamatsucho, Minato-ku, Tokyo 105-6101, Japan
SWIFT code: SMBCJPJT
Account number: 6793010727 Continue reading Kraken Bank Accounts Closure in Japan