GMO Internet to Report $22M Crypto Profit

According to the report, in October, the services of the GMO Coin cryptocurrency exchange were used by over 200,000 people
13 November 2018   612

Japanese IT giant GMO Internet reported that in the third quarter it earned an all time high 2.6 billion yen ($ 22.8 million) through the production of mining equipment and a cryptocurrency exchange. This is stated in the company's report.

According to the document, in October, the services of the GMO Coin cryptocurrency exchange were used by over 200,000 people, and the volume of trading amounted to about 89 billion yen ($ 781 million). It also says that the company's revenues in the cryptocurrency sector grew by 34.4% compared with the previous quarter.

Although revenues from mining equipment fell in the second and third quarters, they nevertheless increased in the third. According to GMO, in October its hashrate will be 674 PH / s, but the company plans to increase this value to 800 PH / s by the end of the year.

Cryptopia to Resume Trading Temporary

Trading lasted few hours and has been stopped, and the company itself has not made any announcements on this matter
18 March 2019   35

Hacked cryptocurrency exchange Cryptopia temporarily resumed trading on this Monday, according to information from the order book on its website. To date, trading has been stopped, and the company itself has not made any announcements on this matter. The total volume of transactions on the exchange, which ceased trading services about two months ago, in the last 24 hours amounted to a little more than 10 BTC.

In a message not related to today's test launch of trades, the exchange announced that it would send letters to all clients affected by the hacker attack. A copy of the letter is available on the Cryptopia website. In it, the exchange describes the circumstances of the hacking and its further actions.

The company also confirmed that it will pay damages to affected users. Customers who kept cryptocurrency stolen from the exchange will see in their accounts withdrawal records without transaction identifiers, reflecting the extent of the damage. They will get Cryptopia Loss Marker (CLM), which are records in the database of payments due to them.

According to the announcement, the company expects to proceed with the payment of compensation and resume trading until the end of the month after the completion of the necessary legal procedures.