The virtual currency is well down from record highs approaching $20,000 in late December, having rocketed 25-fold last year, before being hit by concerns about a bubble and worries about crackdowns on trading it.īillionaire investor George Soros, known for his legendarily successful currency trading, has dismissed bitcoin as a "typical bubble".īut speaking Thursday at the Davos summit, he said the cryptocurrency would likely avoid a full crash because authoritarians would still use it to make secret investments abroad. Coincheck is a Bitcoin exchange that is based in Tokyo which also provides pairings between Ethereum and fiat currencies. In 2014 major Tokyo-based bitcoin exchange MtGox collapsed after admitting that 850,000 coins-worth around $480 million at the time-had disappeared from its vaults.īitcoin is recognised as legal tender in Japan and nearly one third of global bitcoin transactions in December were denominated in yen, according to specialist website. Thank you for your understanding," it said in another tweet.Ĭoincheck did not elaborate on what had prompted it to suspend trading but said it was preparing an announcement.Īccording to its website, which proclaims it is "the leading bitcoin and cryptocurrency exchange in Asia", Tokyo-based Coincheck was founded in 2012 and had 71 employees as of July last year. We're sorry to cause you great inconvenience.
"Currently we're suspending the buying and selling of altcoin (alternative currencies) except for BTC (bitcoin). The company offers both online trading and over-the-counter (OTC) trading through a.
#COINCHECK SERIES#
We're sorry for causing you great inconvenience and making you worry," Coincheck said in a series of tweets announcing it had suspended trading for all cryptocurrencies apart from bitcoin. Coincheck is an online cryptocurrency exchange that was established in 2014. "We have suspended the deposit, withdrawal, buying and selling of NEM. Bitcoin was down 4.75 percent to $10,748.20, ripple slid nearly nine percent and ethereum was 2.35 percent lower. NEM, the 10th biggest cryptocurrency by market capitalisation, plunged more than 16 percent in the past 24 hours, according to . What Is Coincheck Coincheck is a cryptocurrency centralized exchange (CEX) with a global community and a key user base in Japan.
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