Sunday, 26 May 2019

Coincheck Inc., the cryptocurrency exchange that lost about $500 million of customer deposits to hackers in January, was acquired by Monex Group Inc. in a deal that sent shares of the Japanese retail brokerage soaring to a five-year high.

Monex will pay 3.6 billion yen ($34 million) for Coincheck and agree to split profits with current shareholders for the next three years, the company said in a statement on Friday.

The world of cryptocurrency is always full of surprises. Bittrex, one of the top altcoin exchanges, is upping the ante by pairing stablecoins with one another. Its USDT-TrueUSD pair is certainly controversial, as it seemingly serves no real purpose at first glance.

CBOE asks US SEC not to intervene in Bitcoin ETF development, as the President of CBOE, Chris Concannon, has reiterated the sentiments from the US Congress hearing earlier in March, where experts stated that the existing legislation is sufficient in terms of regulating particular aspects of cryptocurrencies.

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