Crypto Exchange Coincheck Made $491 Million Profit Prior to Hack

Crypto Exchange Coincheck Made $491 Million Profit Prior to Hack

Hacked cryptocurrency exchange Coincheck made 53.7 billion yen ($491 million) in profit for the fiscal year ending in March, according to financial data released on Thursday by parent company Monex. The exchange, which in January succumbed to a record-setting hack that saw the attackers make off with $530 million worth of NEM tokens (XEM), raked … Continued

The post Crypto Exchange Coincheck Made $491 Million Profit Prior to Hack appeared first on CCN

more info…

Singapore Initiative Expedites Blockchain Patent Approval Process

Fintech companies in Singapore will have patents approved faster thanks to an expedited patent application-to-grant process initiative announced by the Intellectual Property Office of Singapore (IPOS). Patents will be granted in as soon as six months, compared to two years minimum for normal applications, according to an announcement published on the IPOS website. Low Yen … Continued

The post Singapore Initiative Expedites Blockchain Patent Approval Process appeared first on CCN

more info…