Monex Group Considers Coincheck Acquisition

Monex Group is considering the acquisition of the hacked exchange but has not made any decision yet
03 April 2018   784

Monex group has an aim to fulfill the social responsibility as a corporate group by contributing to society through its business activities based on the Group's corporate philosophy and code of conduct. On April 3, Nikkei Asian Review has published an article stating that Japanese online broker Monex Group is planning to take over Coincheck, a hacked Japanese cryptocurrency exchange.

As Nikkei wrote, two companies were already seeking approval for the acquisition from the FSA and from shareholders. Nevertheless, a couple of hours later, Money Group has issued a public statement regarding the article published in Nikkei, claiming that it has not made any decisions regarding the acquisition yet.

 

It is true that we have been considering the acquisition of the cryptocurrency firm mentioned in the report today but have not made any decision yet.
 

Monex Group

In the above mentioned statement Money Group claimed that Nikkei website news report mentioning their "entry into cryptocurrency business" was not based on Money Group announcement. The company has only been studying and experimenting on blockchain technology and cryptocurrency as its applied technology. As part of its efforts, Money Group set up the Monex Cryptocurrency Lab in January this year, and has also been considering the secure and socially responsible cryptocurrency business, but has "not made any decision yet" regarding Coincheck.

We recommend our readers to follow the most reliable sources of news, and choose the most trustworthy media portals in order to get all the latest news from crypto industry.

Coinbase to Acquire Neutrino

Startup will help the exchange to determine the most popular tokens in certain regions for listing on the respective branches of the site
19 February 2019   73

Coinbase cryptocurrency exchange bought analytical blockchain-startup Neutrino. The amount of the transaction was not disclosed, CoinDesk reports.

According to Coinbase product director Varun Srinivasan, the startup will help the exchange to determine the most popular tokens in certain regions for listing on the respective branches of the site.

It is noted that eight employees of Neutrino will be transferred to Coinbase’s London office this week.

We decided to join Coinbase because we’re totally aligned with the company’s mission of building an open financial system and we share the same commitment to regulation, compliance and security in the cryptocurrency space. 
 

Giancarlo Russo

CEO, Neutrino

Earlier in February, the Coinbase venture unit financed a startup Dharma Labs, developing a decentralized lending platform for cryptocurrency traders and investors.