New cryptocurrency to become a gift for the Royal Wedding

Royal Coin, a new cryptocurrency created just for the instance, to become a gift for the Royal couple on their wedding day
09 April 2018   311

The Royal Wedding is a hot topic for the news outlets across the UK. And as usual there will be gifts to the royal couple. One of them will be a little unusual, but very much in line with hyped trends of nowadays.

Royal Coin, a brand-new digital currency, will be gifted to Prince Harry and Megan Markle on May 19th. British Monarchist Society and Foundation, and organization which aims to support and promote British traditions and heritage, endorsed the new coin together with ICO Rocket who advertised the ICO.

The main goal of a new digital currency is to be not only a gift to the couple, but also provide support to the charities of royal couple's choice and to help fund a unique “Royal Wedding edition” of the Crown and Country Magazine.

CEO of ICO Rocket Shahar Namer elaborated, that the Royal Coin “was born out of goal of engaging people to be a part of Royal Wedding in an entirely new and modern way” and that it has a point of supporting three good causes as a gift to the royal couple.

British Royal Weddings are always a widely celebrated and broadcast events for a whole country, so people naturally flock towards such projects to express their interest and participate in a gift to the newlyweds.

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   70

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.