Line researches cryptocurrencies for payment services

Anonymous source reports that main goal of popular Asian messager project is to create a large-scale ecosystem based on the Line messenger
10 January 2018   633

Line Corp. works on the integration of cryptocurrency into its own messenger, Bloomberg reports with reference to an anonymous source.

The platform operator is negotiating with several companies that can help him develop payment services based on the criterion, including Line Pay. The main goal of this project is to create a large-scale ecosystem based on the Line messenger, which will attract users and make them return to the company's products more often.

Line is well-known in Asia for its cute and expressive stickers that people share with each other, has been shifting its business toward advertising in recent years, beating analyst profit estimates in the latest quarter. The company has 168 million monthly active users in its main markets of Japan, Taiwan, Thailand and Indonesia. 

Capitalization of Line is 1.2 trillion yen ($ 10.6 billion). The platform is used by about 168 million people a month. The main markets for Line are Japan, Taiwan, Thailand and Indonesia. In addition to the messenger platform provides access to a variety of services, from food delivery and job search to video streaming.

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   31

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.