Bitpoint news
Cryptocurrency News From Japan: May 17 - May 23 in Review
This week’s headlines from Japan included BitBank exchange adding three trading pairs, Bitpoint exchange posting decreased fiscal year totals, Bitpoint adding information on its 2019 hack, and Binance donating masks to Japanese nursing homes through its charity arm. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. BitBank adds three more asset pairings Japan's BitBank exchange gave details this week on three upcoming additional trading pairs. The platform originally unveiled the fresh pairs in late April. On May 24, BitBank will complete a four-hour offline upgrade to put the pairs into play. After the …
Business / May 23, 2020
Bitpoint Hack Shows That Regulators’ Scrutiny Does Not Equal Safety
On July 12, 2019, Tokyo-headquartered cryptocurrency exchange Bitpoint promptly suspended its services after noticing an error in the outgoing funds transfer system. Soon, an official announcement followed, revealing that the trading platform had lost around 3.5 billion yen (roughly $32 million) as a result of a security breach. The exchange’s administration has managed to find a portion of the missing funds since the initial announcement was published. Nevertheless, the security breach seems to continue the streak of hacks targeting Japan-based exchanges. Details of the hack According to the breakdown of the hack published by Bitpoint’s parent firm, Remixpoint Inc., Bitcoin …
Markets / July 16, 2019
Mt.Gox: Leaked Info Purportedly Shows $318 Million Cryptocurrency Sell-Offs on BitPoint
Disclaimer: This article has been updated to correct an error in the title, as the amount involved is $318 million, not $318 billion. The trustee for the rehabilitation proceedings of defunct cryptocurrency exchange Mt. Gox reportedly sold large amounts of Bitcoin (BTC) and Bitcoin Cash (BCH) on trading platform BitPoint. Cointelegraph Japan reported on the development on Feb. 5, citing leaked data. An unidentified party reportedly sourced information from the legal proceedings involving Mt. Gox at the Tokyo District Court and showed it to Mt. Gox creditor campaign group GoxDox.com. The information, which appears to be incomplete scans of transactions …
Bitcoin / Feb. 5, 2019