Coincheck Delists XMR, DASH, ZEC, REP – Prompted by Japanese Regulator

Coincheck Delists XMR, DASH, ZEC, REP - Prompted by Japanese Regulator

Japanese exchange Coincheck has confirmed that it is delisting three privacy coins: monero, dash, and zcash. Augur’s reputation token will also be delisted next month. The exchange made this decision after receiving a business improvement order from the country’s financial regulator following the NEM hack.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Coincheck Delisting 4 Cryptocurrencies

Coincheck Delists XMR, DASH, ZEC, REP - Prompted by Japanese RegulatorFollowing reports that Coincheck was going to delist monero (XMR), zcash (ZEC), and dash (DASH), the exchange has now confirmed that those cryptocurrencies will be delisted along with Augur’s reputation token (REP).

The four cryptocurrencies will be delisted on June 18, Coincheck emphasized, adding:

The target currencies [XMR, ZEC, DASH, and REP] held on the discontinued date will be sold at the market price and converted into Japanese yen.

The sales’ proceeds will then be credited to the customers’ accounts. Before that date, customers can sell or transfer these cryptocurrencies. The exchange says it has received many transfer requests, warning that it may be several days to complete the transfers.

Business Improvement Order

Coincheck Delists XMR, DASH, ZEC, REP - Prompted by Japanese RegulatorFollowing the NEM hack in January, Coincheck received a business improvement order from the Japanese Financial Services Agency (FSA) on March 8. The exchange is a “deemed dealer,” meaning it has been allowed to operate while its application is being reviewed by the agency. The exchange has now been acquired by Monex Group. After delisting the above cryptocurrencies, Coincheck will continue to support BTC, ETH, ETC, LSK, FCT, BCH, XRP, XEM, and LTC.

In complying with the FSA order, the exchange says it is “drastically reviewing” its internal control and management control systems, as well as rethinking its “management strategy that thoroughly protects customers,” the announcement reads, adding that:

It is necessary [for us] to further develop and strengthen the management system of AML / CFT [Anti-Money Laundering/ Counter-Terrorist Financing] in the future.

Monex CEO Oki Matsumoto “expects the exchange to secure an official license in Japan next month,” Fortune reported on Friday.

FSA Cracks Down on Privacy Coin Listings

Nikkei reported earlier this month that the FSA has set new criteria for crypto exchanges. One of them concerns the types of cryptocurrencies listed on exchanges. “Those granting a high level of anonymity and easily used for money laundering will as a general rule be banned,” the news outlet described.

The FSA “strongly requests money laundering and counter-terrorist financing measures not only for Coincheck but also for other virtual currency exchange operators,” News24 wrote.

Out of the 16 licensed crypto exchanges in Japan, none have listed XMR, ZEC, DASH, or REP on their applications with the FSA.

What do you think of Coincheck delisting the four cryptocurrencies? Let us know in the comments section below.


Images courtesy of Shutterstock, Nikkei, and Coincheck.


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April 30-May 4: Top Crypto News

top crypto news

The first week of May is over, and what a week it was. There is a lot to reflect on, especially with everything that went on in the crypto space. So, without further adieu, here is this weeks top crypto news. 

This Week’s Top Crypto News 

April 30 – May 1 

On both Monday and Tuesday, coins in the crypto markets were in both the green and the red. On April 30, both BitShares (BTS) and Lisk (LSK) were up. On May 1, all of the top-ten coins were in the red, while Bitcoin ...

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Abra Lists New Coins: Monero (XMR), NEM (XEM), NEO, Lisk (LSK), and Verge (XVG)

Abra lists new coins

Digital wallet app Abra lists new coins. Five new altcoins are being added to Abra’s services. The altcoins are Monero (XMR), NEM (XEM), NEO, Lisk (LSK), and Verge (XVG).

At the beginning of April, Abra added seven new coins to its platform, which included Stellar (XLM). With the addition of these five coins, that brings Abra’s total now to 25 cryptocurrencies. Users will be able to buy, sell, hold, and invest in these new coins along with the rest of the coins already listed with the digital wallet.

“By adding the five new cryptocurrencies ...

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Verge (XVG), Dash, and Lisk (LSK): Spring has Sprung?

Verge (XVG)

Much of crypto is up, but some coins are struggling. Has the Verge (XVG) partnership downgraded the coin? What are Dash and Lisk (LSK) up to? Let’s find out.

Verge (XVG)

Verge is currently selling for $0.071327, which puts the coin down 14.08% in the past 24 hours.

Yesterday, Verge announced that its mystery partner was none other than Pornhub. So, Verge is now quite the adult coin – no wonder it’s private! It honestly doesn’t come as much of a surprise that Verge’s growth has now plummeted. XVG dropped from nearly $0.12 to ...

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Ripple (XRP), TRON (TRX), and Lisk (LSK): Struggling to Resurface

Ripple (XRP)

After a strong week in the crypto world, it’s a bit of a shame to be seeing so many coins down today, but that’s the way things go sometimes. Here’s an update on what’s happening with Ripple (XRP), TRON (TRX), and Lisk (LSK).

Ripple (XRP)

Ripple is currently selling for $0.643351, which puts the coin down 3.66% in the past 24 hours.

Although Ripple is down for the day right now, XRP is up 32% in the past seven days, so it’s not all doom and gloom out there.

One reason that ...

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Ripple (XRP), Lisk (LSK), and Litecoin (LTC): Riding the Crypto Wave

Ripple (XRP)

Is crypto recovering? Ripple (XRP), Lisk (LSK), and Litecoin (LTC) are all riding the wave right into the green. What’s going on with these coins today?

Ripple (XRP)

Ripple is currently selling for $0.540124, which puts the coin up 8.59% in the past 24 hours.

Part of Ripple’s growth may be due to Uphold, a cloud-based digital currency exchange and platform, announcing that it would be allowing XRP trading without charging a fee. This is to encourage new traders and investors on the platform and in Ripple, and it may be working. However, as ...

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EOS, Cardano(ADA), Tron(TRX), Lisk(LSK), & VeChain Thor – 5 Long Crypto Holds

EOS

Cryptocurrency gained mainstream adoption towards the latter half of last year. Many individuals decided to jump on board with the altcoins that would make them the most money, in the quickest amount of time. Most had zero to little investing experience, and when the market corrected the second week of January, all hell broke loose. For most individuals that have investing experience, they understand that market correction is inevitable, but “panic” selling became the immediate response among the inexperienced investors.

Source: CoinMarketCap

However, exchange issues ultimately started the fall of cryptocurrencies and ...

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Crypto Leaders: Lisk(LSK), Bitcoin Cash, Nano, & VeChain (VEN)

Crypto Leaders

The total cryptocurrency market took a bit of a dip towards the end of the week. If you’ve been living under a rock, Google (NASDAQ:GOOGL) announced that they would be banning cryptocurrency ads on their ecosystem.

Source: CoinMarketCap

Major panic selling took place in the community, as you can see from the drop off from the 14th to the 15th. However, coins have begun making their way back, let’s look at the coins leading the comeback.

Lisk (LSK)

Lisk relaunched their coin last month and introduced the cryptocurrency ...

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NEM (XEM) vs. Lisk (LSK) – Will an Altcoin Overtake Ethereum (ETH) This Year?

NEM vs. Lisk

People have long been asking the question: What is the next Ethereum (ETH)? Maybe there won’t ever be a new Ethereum, but there are several coins that are close in concept, if not in price. Here’s why we put NEM vs. Lisk and why both are creeping up on Ethereum.

NEM (XEM)

Smart contracts are one of the best things about Ethereum. Binding, automatic, and no third-party hindrance. Just set up to your specifications and go.

NEM has the Smart Asset. While a slightly different concept, a Smart Asset does allow for the customization ...

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Lisk (LSK), Nano, and NEO Plummet in a Dropping Crypto Market

Lisk (LSK)

It’s rough waters out there today with only seven cryptos up at the moment. Among the cryptos losing today are Lisk (LSK), Nano, and NEO.

Lisk (LSK)

Lisk has been having a tough time with things, despite what could be considered a successful rebranding event. Not only is the coin down today, but it has also been steadily pushed down in the rankings and is now ranked as the 21st largest cryptocurrency when it had previously ranked as high as the 14th largest cryptocurrency only a few weeks ago. Its market cap has dropped from $3.7 ...

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Crypto Oscars – Who Will Claim the Prize?

Crypto Oscars

The day we’ve all been waiting for – no, not the Oscars – the Crypto Oscars!

It’s the time when all the coins come out, dressed in their ritziest conversion rates and flashing their market cap. The red carpet rolls out, and the crowds swarm in – here they come! Is that Bitcoin stepping out of the limo with Ethereum? But enough gossip, let’s get on with the show!

On Monday, we reported that there would be eight separate categories: four to be calculated today and four to be determined by you, the voters. ...

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Stellar (XLM) and Lisk (LSK) Plummet

Stellar (XLM)

Most of the cryptocurrency market remained quite stagnant in price fluctuations throughout the day. Most coins were only seeing minor gains/losses aside from Litecoin (LTC). However, as the working day comes to a close, two top coins are seeing major losses, and many are scratching their heads.

Stellar (XLM) has a lightning fast cross-border payments system and is set to be a strong contender for the coin of the year, with a strong support group. However, the coin is losing some major steam on the market today. Lisk (LSK) just rebranded today, yet its price is ...

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VeChain (VEN), NEO, Lisk (LSK), & Stellar (XLM) the Top Coins in 2018, So Far

2018's Top Coins

We’re just about wrapping up the last half of the second month of 2018. It seems the market is recovering after a rough start so it’s a great time to list 2018’s Top Coins so far!

Source: CoinMarketCap

As you can see from the chart above, in just under 30 days time, the market had moved from $830 billion to just over $282 billion. Quite a scary drop but it is currently sitting at just above $500 billion. There have been many coins on the market that have suffered greatly, but there ...

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Lisk (LSK): Everything You Need to Know about Lisk and its Re-Launch – UPDATED

Lisk (LSK)

Originally published: February 15, 2018

Updated: February 20, 2018

See Update

With the re-launch of Lisk (LSK) fast approaching, we thought it would be a good idea to delve a little deeper into this coin and ask what is Lisk? and why should you care about this crypto?

What is Lisk (LSK)?

The Lisk Foundation is building a blockchain application platform that can be built upon by developers and users – making blockchain technology accessible to everyone.  Through Lisk, anybody will be able to make their own blockchain network, off ...

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Lisk (LSK), Litecoin (LTC), and Cardano (ADA) Continue to Grow

Lisk (LSK), Litecoin (LTC), Cardano (ADA)

Let the gains continue! After coming out of a positive day yesterday, Lisk (LSK), Litecoin (LTC), and Cardano (ADA) are all still going strong today.

The crypto market is hot, with only 15 out of the top 100 cryptocurrencies down for the day at the time of writing. All coins within the top ten are in the green at the moment.

Today’s focus will be on Lisk (LSK), Litecoin (LTC), and Cardano (ADA).

>> Check out the Crypto Olympics

Lisk (LSK)

Lisk is ranked as the 14th largest cryptocurrency with ...

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Ethereum (ETH), Ripple (XRP), LISK (LSK), & TRON (TRX) Update

Ethereum

It has been a pretty stagnant day on the cryptocurrency market, as most are seeing only minor gains or losses across the board. Stellar (XLM) and Ethereum Classic (ETC) are among the biggest gainers for today at an average of a 10% gain. Here are some updates on how some coins are panning out on the market today.

Ethereum (ETH)

The price of Ethereum has been leveling off this past week. Exactly a month ago, it hit its all-time record high above the $1,400 mark but has since been on the decline. Ethereum developers, ...

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Crypto Olympics: TRON (TRX) vs. Lisk (LSK)

crypto olympics

Welcome to the Crypto Olympics!

Coin vs. Coin – who will be crowned the Crypto Olympics Champ?

This is how it’s going to work: we’ll start with two coins, then we monitor their gains and losses throughout the day, on the hour. The finish line is 4:00 pm PST. Whichever coin crosses the finish line with the highest percentage gain (or whichever coin lost the least in the case where they’re both down) will be the winner of the day. Then, the next round begins the following morning, with the winner versing a new coin. By ...

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Ethereum (ETH) vs. Lisk (LSK)

Ethereum (ETH)

Ethereum (ETH) has been the long-standing blockchain project that decentralized applications (DApps) have been built on top of, making it the cryptocurrency that stood out from the rest. However, new projects such as NEO and Lisk (LSK) have entered this arena and are pushing back.

A few weeks ago I covered, Ethereum vs. NEO – check it out.

The Differences between ETH & LSK?

Both of these projects are open-sourced blockchain platforms that allow the development of “smart contracts.” These contracts enable developers to build applications on top of the blockchain. Most of the ...

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NEO, Lisk (LSK), Monero (XMR), & Tron (TRX) Update

Altcoin Update

Altcoin Update: Cryptocurrencies are finally making a comeback, after a rough start this week. Various countries trying to implement anti-crypto regulations has caused major panic selling in the last few weeks. Despite the major market corrections, it seems that crypto investors have gained some confidence. Most coins were up in the double-digit percentages yesterday and climbing. This could possibly be a temporary reprieve, as there have been various attempts to recover the market this past month. In the last few instances when the market grew quickly, individuals began liquidating assets.

NEO (NEO)

NEO led the charge ...

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