HitCoin Hard Fork to Occur in February

HitCoin announced that the hard fork will occur on February 9 of 2018 launching new coin HitCoinSpecial, which should make HitCoin disappear
07 February 2018   693

HitCoin is developed with the goal of leading companies and investors in global financial market to guide global crypto currency market, and it aims to link information, technology and finance as one, based on humanism. Hitcoin will hard fork into HitCoinSpecial ob February 9, 2018.

The reason for the hard fork is that on January 20, 2017, a fatal algorithmic vulnerability in HitCoin was discovered, and it needs a hard fork to upgrade the problem and performance of Hitcoin to secure the corresponding algorithm vulnerability.

There is a block chain network with a HitCoinSpecial [HTS] securing a majority node and a HitCoin [HTC] with a small number of nodes. A HitCoinSpecial [HTS] obtained the majority of the votes has dominated the main block chain. The HitCoin network will gradually disappear.

HitCoin Statement

What is more, HitCoin will be automatically converted into the new block chain HitCoinSpecial [HTS] on the exchange C-CEX, TRADOPIA.

After a hard fork HitCoin will have no value, and the users are recommended to make sure they check the correct tiker of the coin.  

At the moment of press, these are main market parameters of HitCoin:

Average price: $0,000071
Marketcap: $778 935

Japan to Tighten Regulation Due to Zaif Hack

$ 62 000 000 worth cryptocurrency was stolen from the Zaif exchange few weeks ago
25 September 2018   82

Hacking of Zaif exchange is the reason for toughening control over the market by the financial regulator of Japan, Reuters reports.

The first measure taken was administrative sanctions against the exchange and its operator Tech Bureau Corp. The Financial Services Agency (FSA) has expanded the list of requirements for the latter, pointing out the need to identify preventive measures and search for the organizers of the theft.

Shortly before that, researchers of the Japanese financial company Tech Bureau Corp could not provide details of the theft of $ 62 million from the Zaif crypto exchange at the request of the FSA. The Osaka-based operator had to investigate the causes, consequences of the theft and options for compensating the victims. According to the Agency, the financial company could not cope with the task.

According to the Tech Bureau, the exchange was hacked on September 14 within a few hours. The problem with the server was discovered by the site staff on 17 September. Official confirmation of the incident and notification of the authorities was made only a day later.

Recall, the theft of $ 60 million from the Japanese stock exchange Zaif caused a surge of volatility of bitcoin. For a short time the price was able to overcome the distance of $ 400.