LoMoCoin to Release Roadmap

 LoMoCoin new roadmap will be released on March 6, 2018 at 9PM [Beijing Time]
05 March 2018   545

LoMo is committed to its Research & Development process and to continuously improving its own blockchain technology. It has rewritten 90% of the Proof of Stake blockchain packaging code, realized an intelligent agreement support for our PoS mechanism, started to pioneer with its sidechain technology, offered an expansion on its self-adaptive trading capacity, and made effective blocksize and speed adjustments.

LoMoCoin has announced that its new roadmap will be released on March 6, 2018 at 9 pm (Beijing Time).

Lomostar roadmap announcementLoMoCoin Roadmap Release Announcement

The team behind LoMoStar project has stated in its official twitter account that they are very excited to show the community what they have in plan for the future.

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

Average price: $0,087642
Marketcap: $19 918 367
24h volume: $268 713

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   83

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.