Coincheck Losses 66% in Q3 2018

Coincheck Losses 66% in Q3 2018

Monex Group Inc., who owns Coincheck, published their financial results for the period of 2nd quarter 2018 (Japan term; Q3 in US term) until 31 March 2019

The Japan-based cryptocurrency exchange platform reports a loss of 588 million yen ($5.3 million) pre-tax for the third quarter of the fiscal year. Their revenue for July until September plummeted 66%, from last year’s 942 million yen ($8.3 million) to 315 million yen ($2.8 million).

In April, Monex Group bought Coincheck for $40 million.

Coincheck Hack and Re-establishing Services

The exchange was hacked back in 26 January 2018, where XEM valued at $532 million was embezzled. Coincheck halted some of its services after the hack and re-paid affected users a total of $420 million.

Throughout the year, since the hack, the exchange is slowly reviving its services. Japan-based users can now open accounts, deposit, and withdraw BTC, ETC, LTC, and BCH.

Other services will be opened once it is deemed secure by outside technical experts.


0.05097 USD 1.83%
0.00001276 BTC 1.83%
Volume, 24h
9,004,572 USD
458,289,770 USD

Related news

Japan: SBI Group Sets Up Spin-Off to Manufacture Crypto Mining Chips

Japan: SBI Group Sets Up Spin-Off to Manufacture Crypto Mining Chips Japanese financial giant SBI Group has created a dedicated subsidiary that will manufacture cryptocurrency mining chips, the company confirmed in a notice on March 22. SBI, which has launched spin-offs covering various aspects of the cryptocurrency industry, now says it wishes to expand its […] Cet article Japan: SBI Group Sets Up Spin-Off to Manufacture Crypto Mining Chips est apparu en premier sur Bitcoin Central.
Bitcoin Central

Tron Dapp Developers To Have An Improved Experience with 3.5 Version Hardfork Upgrade : Tron Japan

Tron continues to progress on its goal to providing the best ecosystem for Dapp developers. In a recent video update released by Tron Japan has spilled beans about Tron’s 3.5 version hardfork upgrade and how it has and continue to improve the Dapp developers experience on Tron’s ecosystem. Tron moving quick to defeat EOS and Ethereum to become Dapp King It was a great day for Justin Sun as he become the first in blockchain to get over one million followers on Twitter. As of today there is no one on the social media site more popular than the charismatic leader of Tron. First one in Crypto world to break through 1 million in Twitter! #TRON #TRX $TRX #BitTorrent #BTT $BTT — Justin Sun (@justinsuntron) March 21, 2019 All this has been possible as Justin envisions things ahead of time and brings his vision into development making Tron an enviable project. The same seems to come true with TRON’s 3.5 version hard fork upgrade. The episode 10 of video update released by Tron Japan, just spoke about a few features of how power the upgrade is. 【All About TRON】#TRON 日本語グループが主催した番組「第十回 TRON 3.5ver Upgrade」是非ご視聴お願いします。 #TRX #BTT #暗号資産 #トロン — TRON Foundation Japan (@TRON_JPN) March 21, 2019 The video speaks about this new upgrade which went live on Feb 28th and contains all information regarding the improvements that have been observed by the blockchain technology following the public chain upgrade. The video blog in particular highlights 6 new features that are integrated in the new update which include. A better experience with superior performance and flexible event servers for the Dapp developers of Tron A better main and backup feature that will increase the stability of the entire Tron network . There have been mentions of improved security which would also help in improving safety of partial instruction of the TVM. The upgrade also features additional optimization of duplicate removal-logic for transactions which is believed to improve the overall performance by 5% and will also better the competence of block broadcasting, and 50% reduction of resources usage The upgrade also allows a real-time modification of energy upper limit based on the current status of the network with its Energy ceiling dynamic adjustment feature There has been addition to Account access system and multi-signature which will permit users in setting access and corresponding account management with different signature for various accounts and multi party signature for single transaction. While these are just the highlights the episode is fully loaded with more comprehensive information about why the hard fork upgrade is necessary and how it will make Tron a better blockchain ecosystem. The video clearly portrays why Tron and its blockchain are considered superior than its competitors and how Justin Sun has been making Tron a top blockchain. Will the 3.5 version upgrade take Tron price skyrocketing and help Tron claim the top 3 spots in near future? Do let us know your views on the same   The post Tron Dapp Developers To Have An Improved Experience with 3.5 Version Hardfork Upgrade : Tron Japan appeared first on Coingape.

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.