Coinrail to Unveil Own Restart Plan

As reported, Coinrail is going to resume service around 15th of July
20 June 2018   1319

Recently hacked South Korean crypto exchange Coinrail presented a plan to restore the platform, reports.

According to the representatives of the platform, at present the company is in the process of restructuring, and service will be resumed before July 15.

Coinrail will resume service before July 15 if it is determined that the service is ready to resume…We are constantly preparing a number of measures to recover the damaged coins and we will be reporting progress on the restoration measure at the end of June.


Coinrail noteв that the implementation of the recovery plan will be implemented with the assistance of "various stakeholders, including coin developers."

At the same time, the publication notes that many clients of the exchange doubt that this South Korean exchange will resume its work by the specified date. Another interesting fact that about a week before the hacker attack, the administration of the trading platform removed from the Terms of Service points relating to the compensation of users' funds in the event of hacking.

On the day of the breaking of the Coinrail exchange, a sharp decrease in the price of bitcoin was observed. Then hackers stole more than 40 billion won from the accounts of the exchange (about $ 37.28 million). In addition, $ 13.8 million was stolen in the Aston (ATX) project tokens, $ 5.8 million in Dent (DENT) tokens and $ 1.1 million in Tron (TRX) tokens, as well as smaller amounts in other tokens.

SEC Chairman to Speak About BTC Listing

It looks like Bitcoin listing on the tradional exchanges won't happen in the nearest future
20 September 2019   171

Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton said that bitcoin needs more regulation for listing on large exchanges. It is reported by CNBC.

If [investors] think there’s the same rigor around that price discovery as there is on the Nasdaq or New York Stock Exchange ... they are sorely mistaken. We have to get to a place where we can be confident that trading is better regulated.

Jay Clayton

Chairman, SEC

He was talking about listing conditions for bitcoin itself, and not derivatives, such as CME futures.