AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Coincheck api3/25/2023 ![]() ![]() They have also been promoting a zero-fee trading campaign since March 2018 in an effort to keep their existing client base.Ĭoincheck was not a licensed exchange in Japan prior to the hack, and it remains unlicensed now, but it does appear to be working closely with the FSA and working towards licensure. The exchange does appear to be trying to return to normal however, slowly restoring withdrawal for various altcoins. They also suspended new registrations, and as of May 2018 all new registrations remain suspended. In the wake of the hack the exchange had suspended all withdrawals, but has since lifted the ban for Japanese yen, and is lifting it on a coin by coin basis for cryptocurrencies. The Japanese Financial Services Agency has already conducted an investigation to ensure that Coincheck is able to repay the losses, and have found the balance sheet strong enough to repay investors. Clients are being reimbursed in Japanese yen rather than cryptocurrency. On the positive side, Coincheck has agreed to reimburse all client losses from their own funds. Japan’s Financial Services Agency (FSA) has been keeping close watch on the exchange since. The breach occurred because Coincheck had the NEM coins stored in web-based hot wallets, and even though these are more vulnerable than cold storage, and despite warnings from the NEM Foundation to move the NEM coins from the hot wallets the theft occurred. Gox was forced into bankruptcy by the theft, but Coincheck remains solvent, despite the larger size of this theft, but the complete ramifications to the business have yet to be seen. ![]() ![]() It’s somewhat ironic that the hack occurred at a leading Japanese exchange, as it mirrors the theft of 850,000 Bitcoin from Mt. The exchange has had its reputation seriously marred, and while it is working hard to restore its reputation, there remain questions over whether it can regain its former glory. Traders continue questioning the security of their funds at Coincheck following the January 2018 hack that saw $530 million worth of NEM tokens (260,000 NEM) stolen from the exchange in a security breach. Still, visits to the Coincheck website have been declining and we’ll look closer at the impact of the hack below. To Coincheck’s credit, they’ve responded quickly, refunding customer’s stolen coins from their own assets. According to a survey they were second largest through the third quarter of 2017.Įither way, Coincheck is a major player in the Japanese Bitcoin and cryptocurrency sphere, however their fortunes have been on the decline since a January 2018 hack that saw roughly $530 million in NEM coins stolen – making it the largest hack ever, even larger than the famed Mt. In addition to being one of Japan’s largest cryptocurrency exchanges, Coincheck is also involved in both lending and payments business.Ĭoincheck was Japan’s largest cryptocurrency exchange in 2017 based on spot trading data from data posted on Coincheck’s own website. We welcome additional participants in the Cryptocurrency Data Feed.Coincheck is a Japan based cryptocurrency exchange that was launched in 2014 by Koichiro Wada, who remains the company’s CEO, and Yusuke Otsuka. The feed includes data from Bitbank, Bitfinex, BitMEX, Bitso, Bitstamp, BtcBox, CEX.IO, Coinfloor, Coincheck, ItBit, Gopax, Huobi, OKCoin, OKEx, SurBTC, The Rock Trading, Unocoin, Vaultoro, Zaif, with many more planned. We are excited to announce that the ICE Data Services Cryptocurrency Data Feed, distributed via the ICE Consolidated Feed, is now live! Blockstream works with cryptocurrency exchanges around the world and consolidates the data sets into a multi-asset and multi-venue data feed, capturing streaming real-time and historical data for the most actively traded digital currencies.Īll cross rates between currencies are recorded and processed which improves data integrity, creates a unique sequence number, and adds details on the trade location and other relevant order book data such as quantity, price, currency and timestamp.Ĭurrently, more than twenty exchanges representing almost 65% of global cryptocurrency trade volume in Asia, Europe, and North and South America are participating in the feed. ICE’s Cryptocurrency Data Feed is powered by Blockstream and participating exchanges around the world ![]()
0 Comments
Read More
Leave a Reply. |