Jamaica Stock Exchange to Trade Crypto

The Exchange signed a protocol of mutual understanding with BlockstationĀ under which a new platform for trading in digital assets will be created
14 August 2018   267

The Jamaica Stock Exchange (JSE) announced that it will soon introduce to its clients a tradable asset, based on cryptocurrencies.This is reported by CoinDesk.

The Exchange signed a protocol of mutual understanding with Blockstation, a blockchain start-up, under which a new platform for trading in digital assets will be created. It is known that the trading platform will be launched before the end of this year, but there's no info on the assets available.

JSE Managing Director Marlene Street Forrest believes that the cryptocurrency as an investment product will be able to supplement the offer of the stock exchange, which currently features such instruments as stocks, bonds, etc.

So the end game at the end of the day is to trade tokens, the end game is smart contacts, the end game is to provide that area of the market that would like this product, to start to do so in a secure manner.

Marlene Street Forrest

Managing Director, Jamaica Stock Exchange

The co-founder of Blockstation J Waterman said that his company has been cooperating with the stock exchange for six months and is developing an individual trading platform for it. He noted that JSE requested that the new platform be equipped with tools to track market manipulation and meet other regulatory requirements.

$60M Stolen From Zaif Exchange

As a result of the attack, which occurred as early as September 14, 4.5 billion yen owned by its users were stolen from the hot wallets of the exchang
20 September 2018   296

Hackers were able to steal almost $ 60 million in cryptocurrencies from the Japanese crypto-exchange Zaif, Cointelegraph reports.

As a result of the attack, which occurred as early as September 14, 4.5 billion yen owned by its users were stolen from the hot wallets of the exchange, as well as 2.2 billion yen, which was the company's assets. Thus, the total loss of Zaif amounted to 6.7 billion yen or about $ 59.7 million.

Tech Bureau Inc, which is the operator of Zaif, in a press release says that it found a server error on September 17, after which the input / output of funds on the exchange was suspended. September 18, the company realized that the error was caused by a hacker attack, and reported the incident to the Financial Services Agency of Japan. Hackers stoleĀ 5,966 bitcoins, as well as assets in Bitcoin Cash and MonaCoin.

According to Tech Bureau Inc, Fisco Digital Asset Group will help to partially compensate for the damage caused to users by providing 5 billion yen ($ 44.5 million). Tech Bureau agreed with Fisco to dismiss more than half of its directors and corporate auditors, and Fisco in turn will become its main shareholder.

Earlier this year, Zaif already recognized the existence of a "system malfunction", using which, the clients of the exchange were temporarily able to credit trillions of dollars in their accounts with bitcoins.