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Bitcoin [BTC] wallet and exchange Coincheck makes a come back, aided by Monex




Bitcoin [BTC] wallet and exchange Coincheck makes a come back, aided by Monex
Source: Pixabay

A year after a notorious theft, the Bitcoin [BTC] wallet and exchange service provider, Coincheck seems to have gotten back on track. A report released by its parent organization, Monex Group, for the third quarter of the fiscal year 2019, has revealed that Coincheck has managed to score an optimistic trading volume, shortly after resuming its operations.

The exchange restarted its new account openings, and other related services, after a brief pause, for all tradable digital assets by the end of 2018 and officially registered as a crypto exchange on January 11 earlier this year.

Coincheck, on its official Twitter handle, posted:

“Notice concerning Registration of virtual currency exchange. Coin Check Co., Ltd. has completed registration with the Kanto Financial Bureau as a virtual currency exchange agent based on the Act on Funds settlement on January 11, 2019.”

As of December 2018, the number of Coincheck app downloaded catapulted to 1.73 million, out of which 0.9 million users identities have been confirmed.

The paper released by the Monex Group Inc. for the financial results for the fiscal year ending March 32, 2019, stated:

“Cryptocurrency trading business will be a key to enhance cross segment interaction, leading to expand business capability and create new customers.”

A loss of $5.39 million was reported by Coincheck in the previous quarter, however, the losses curbed to $2.97 million in the latest quarter. Revenue generated in the latest quarter also soared to $4.59 million from the previous quarter’s $2.75 million.

The document further expounded a thriving customer base where the millennials are the majority.

Coincheck underwent a major hack on January 2018 where nearly $534 million worth of NEM [XEM] tokens were stolen. Consequently, a shut down of its operations was followed by the acquisition of the exchange by Monex for $34 million in April last year. Monex had previously affirmed that certain Coincheck activities have been stalled and instead, it has established an all-new Blockchain Lab [BCLab] to provide Bitcoin and cryptocurrency solutions to various other companies.

The acquisition has been a major relief for the exchange, as Monex has not only taken an initiative to turn the previously dubious course of the company in the path of profitability but have also reworked the entire security feature of Coincheck and managed to refund the users who were victims of the hack even though no money was recovered after the grand theft.

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John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more





John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
Source: Unsplash

Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!

4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!

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