Japan’s Coincheck to Start Repaying Customers After Digital Money Heist – BTCUSD Positive
Japanese cryptocurrency exchange Coincheck Inc, reeling from government reprimands over lax standards after $530 million dollar theft of digital money, said it would from Monday start repaying customers affected by the heist.
Coincheck also plans to lift curbs from Monday on the trading and withdrawal of some cryptocurrencies, including bitcoin, that it had imposed as it investigated the late-January heist.
Coincheck said last week it would repay about 46 billion yen ($431.6 million) to investors who lost digital money in the hack, one of the biggest of digital money ever.
Bitcoin was trading at $9,483.1 by 11:45 pm ET on the Bitfinex exchange, jumped 10.7% over the previous 24 hours.
In its widest regulatory response yet, Japan’s financial regulator last week punished Coincheck and six other exchanges, ordering them to make improvements in areas from risk management to prevent the criminal use of digital money.
On the technical charts, BTC/USD is trading in the positive zone but below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 47.99 and the MACD is below the signal line but ready to make a positive crossover above the signal line.
Buy digital Call options between 9680 and 9770, valid until 23:00 GMT March 12, 2018