IoT Chain Test Net to be Released

The IoT Chain team announced the date of the IoT Chain test network release
07 February 2018   678

On February 7 of 2018 the IoT Chain test network is officially released, along with ITC DAG main chain code which is currently open source.

IoT Chain is designed to solve the severe safety problems of present IoT. ITC, the token of IoT Chain is designed to not only protect the users’ devices from being attacked by hackers, ensuring its control, but also defend users and their devices’ data safety sovereignty and privacy security.

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

Average price: $2,71
Marketcap: $103 752 211
24h volume: $10 772 300

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.