Japanese Crypto Exchanges Required to Strengthen Security

Minister of Finance of Japan, Taro Aso, requested cryptocurrency exchanges to strengthen cybersecurity following the $530 million hack of XEM from Coincheck exchange
31 January 2018   81

Speaking to reporters after the Cabinet meeting, the Minister of Finance required the strengthening of management systems at domestic cryptocurrency exchanges, calling regulators to monitor the ecosystem in order to protect consumers.

In his opinion, illegal access, which caused a massive outflow of cryptocurrency from Coincheck is a great regret. He also believes that the Financial Services Agency should subject mandatory control to cryptocurrency traders in order to protect users.

A balance is needed between the promotion of innovation and the protection of consumers on cryptocurrency exchanges.

Previously, Taro Aso criticized the excessive regulation of cryptocurrency.

The comments of the Minister of Finance followed FSA’s statement on Monday. The regulator said that the investigations of all exchanges of cryptocurrencies, including on-site inspections, are necessary, and ordered to improve Coincheck's cybersecurity.

As previously reported, Coincheck executives confirmed that they stored currency in a hot wallet, which was compromised.

Unlike cold wallets, hot ones are subject to unauthorized access.

After the hack, Coincheck president Koichiro Wada said that it was difficult to manage cold wallets for technical reasons.

On Monday, Japan’s primary financial diplomat Masatsugu Asakawa noted that the regulation of the cryptocurrency will most likely be discussed in March among the G20 finance ministers and central bankers in Argentina.

Bitcoin White to Release iOS and MacOS Wallet

According to the roadmap of Bitcoin White, the wallet for iOS and Mac OS will be released on February 19, 2018
19 February 2018   120

Bitcoin White is a flexible and decentralized application platform designed to lower the threshold for developers. Using JavaScript as the programming language and relational database to store data, Bitcoin White is increasing the similarities between developing a DAPP and a traditional web application.

Bitcoin White team has already developed and released the version of its wallet for Windows, Linux and Android. According to the roadmap of Bitcoin White, the wallet for iOS and Mac OS will be released on February 19, 2018.

 Bitcoin White Roadmap
Bitcoin White Roadmap Fragment

The features of the wallet include asset management, account information, setting an additional password, blocking the account by block, and internal blockchain list of transactions.

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

Average price: $0,184621
24h volume: $48 806