NEMcoin (NEM/XEM) price surges‼ Is the surge due to Coincheck after all?
On January 26, 2018, around 56 billion yen worth of virtual currency was hackedCoincheckannounced the partial resumption of cryptocurrency handling on October 30.10/30
Source:Coincheck, Inc.
The three currencies that have been resumed for handling are the following.
Coincheck’s actions since the hacking incident
After the large-cable hacking incident in January 2018, Coincheck, a cryptocurrency exchange, suspended all services except for the following, effectively putting it in a state of “exchange closure.”Exchange Closure
- Sales of cryptocurrency by users already registeredclosed
- Transfers of cryptocurrency by users already registeredclosed
Of course, trading of NEM (NEM) had also been halted.
For details on Coincheck's hacking incident, please see below.
>>>Summary of Coincheck NEM leakage incident
Furthermore, about two months after the hacking incident, Coincheck joined under the umbrella of Monex Group, a major financial company, and has been preparing for management reconstruction by thoroughly improving the governance and internal audit systems.
Then, on October 30, 2018, after about nine months since the hacking incident, the following three services were resumed.
- New account openings
- Deposits of some cryptocurrencies (BTC, ETC, LTC, BCH)
- Purchases of some cryptocurrencies (ETC, LTC, BCH)Note: BTC purchases were not stopped from the beginning.
With these three services resumed, there was talk that Coincheck’s full recovery was near.
Please see below for more details about Coincheck
>>>Partial resumption of Coincheck! Are security and internal management strengthened?
About Coincheck’s trading resumption
And now, on November 12, Coincheck resumed the following two services.
- Deposits of some cryptocurrencies (ETH, XEM, LSK)
- Purchases of some cryptocurrencies (ETH, XEM, LSK)
With the above three currencies’ deposits and purchases resumed, the remaining cryptocurrencies without confirmed safety at Coincheck are only the following two currencies.
- Ripple (XRP)
- Factom (FCT)
Reasons why the NEM coin price surged
Following the announcement, the price of NEM surged.
To sum up...See more below ⇩
>>>See on the official Cryptocurrency Trivia site
