Coincheck to be Licensed by the End of 2018

As reported, regulator will make an official announcement about this before the end of the year
19 December 2018   1092

The Financial Services Agency of Japan (FSA) has issued an operating license to the Coincheck cryptocurrency exchange, Nikkei Asian Review reports. The regulator will make an official announcement about this before the end of the year.

Coincheck was hacked in January of this year, when over $ 500 million in NEM cryptocurrency was stolen from. Following this, the FSA has initiated a large-scale verification of cryptocurrency exchanges in the market under its control.

While the license is a prerequisite for the provision of cryptocurrency exchange services in Japan, the FSA has tightened requirements for applicants amid recent events. As of mid-October, 160 companies were expecting a response from the regulator, and today there are already about 200, reports the Nikkei.

Following the incident, Coincheck received two orders on its platform to improve operational processes, protect customers, and counter money laundering. In mid-April, the exchange was bought by the brokerage company Monex Group.

According to the Nikkei, the FSA re-assessed protective measures and other critical Coincheck systems and found that they were improved enough to justify issuing a license to the company. Among other things, the exchange made adjustments to the list of cryptocurrencies represented on its platform and compensated for the losses of users.

DEAPCOIN IEO to be Held at OKEx on 8.04

The project is planning to raise $2M a the price of 1 DEP on IEO will be $ 0.0025
25 March 2020   1063

OKEx Exchange announced Wednesday the 11th initial exchange offering (IEO). It will be conducted by the DEAPCOIN Project (DEP) and will be held on April 8th.

As in previous OKEx campaigns, the selection of participants and the selection of the allocation coefficient will be carried out according to two criteria: the average daily balance of OKB and the trading volume on the exchange. For each of the groups, allocation of 400 million DEP tokens is allocated.

The price of 1 DEP on IEO will be $ 0.0025. Thus, the project intends to attract up to $ 2 million from OKEx users. Trading in USDT and USDK pairs will start on the same day.

The DEP token was released by DEAPCOIN to shape the economy around the PlayMining entertainment platform they are developing, where users can earn cryptocurrency during games. DEP is presented as an ERC-20 standard token, while game items on the blockchain will use the ERC-721 standard.

Despite the generally negative dynamics of the IEO space recently, the token of the previous placement of the OKEx platform - HyperDAO - that passed at the end of February is currently trading almost 3 times higher than the initial selling price.