How to find the best Bitcoin Trading Platform or Exchange

Exchanges are often in the news, either due to listing of new crypto / ICO token; customer service issues or loss of crypto due to hacking.     There have been numerous exchange hacks in the lifetime of Bitcoin with the most famous one being Tokyo based Mt.Gox where approximately 850,000 bitcoins belonging to customers and the company were missing and likely stolen from their hot wallet.  Hot wallets are connected to the internet and as a result, vulnerable to hacking. This was an amount valued at more than $450…

Read More

132 Crypto Investors file lawsuit against CoinCheck after hack

In a recent report by Japanese media outlet, Sankei, it was stated that 132 cryptocurrency investors filed a lawsuit again CoinCheck, the Tokyo based Bitcoin Exchange.       “Five customers and two corporations already filed a lawsuit seeking a refund of 12 virtual currencies themselves in the district court. The defense team tabled the payout of 13 kinds of currencies deposited by 132 persons, the payment of 100,000 yen each”   Japanese cryptocurrency exchange Coincheck announced on Friday, Jan. 26, that it is suspending all withdrawals after a Ripple payment worth…

Read More

Free Bitcoin at Japanese Exchange

TOKYO (Reuters) – A blunder at a Japanese cryptocurrency exchange let investors briefly buy bitcoins for free – though none were able to profit from the mistake.     Reuters reported that Zaif, a government-registered exchange run by Osaka-based Tech Bureau Corp, said on Tuesday that a system glitch had let seven customers buy bitcoin with no yen value during a 20-minute window last week.   The trades were voided by the exchange but the issue was unresolved as one customer tried to transfer the purchased Bitcoin.   Full Story:…

Read More

Japanese Electronics Retail Giant Launches Bitcoin Payments

Bitcoin adoption in Japan seems to be forging ahead with major Japanese consumer electronics retailer Yamada Denki announcing that it has partnered with cryptocurrency exchange BitFlyer to add a bitcoin payments service in two of its stores.     The company said: “In addition to diversifying [our services], we will implement initiatives to improve bitcoin recognition and usage promotion.” The company indicated that they believe the acceptance of Bitcoin can provide improved service and convenience.   Full story – Click Here This is some good news from a country recently plagued…

Read More

Japan Bitcoin Exchange Coincheck will repay Stolen Funds

It was reported on Friday that Coincheck, a Japanese Bitcoin exchange suspended all withdrawals after a massive hack that shocked the market.   Full Story: – Bitcoin chaos in Japan as CoinCheck freezes all withdrawals   It was reported in the Guardian today that the Coincheck cryptocurrency exchange will refund customers about $400m (£282m) stolen by hackers two days ago in one of the biggest thefts of digital funds. Coincheck affirmed that it would use its cash holdings to reimburse 260,000 people for the value of 46.3bn yen who lost…

Read More

Bitcoin chaos in Japan as Coincheck freezes all Withdrawals

Japanese cryptocurrency exchange Coincheck announced on Friday, Jan. 26, that it is suspending all withdrawals after a Ripple payment worth $123mln left its wallet as well as a transaction of 500 million NEM (XEM) worth around $600 million at the time.   The sudden announcement sent a shockwave through the trading community and Cryptocurrencies slumped after one of Japan’s biggest Bitcoin venues halted client withdrawals in a country that’s still wary of crypto exchanges four years after the collapse of Mt. Gox.   No Explanation: Coincheck Inc., based in Tokyo,…

Read More