![]() ![]() We’ll be making reviews of decent and legitimate exchanges in the cryptocurrency market and a very good example is the Coincheck exchange platform. However, we’ll be coming in to help with these researches to relieve the task off investors and offer them the luxury of just having to choose an exchange platform without having to carry out much research. Owing to this reality, investors now have to research the operations and workings of various exchange platforms before they can come to a cognizant decision if an exchange meets their requirements. However, choosing a decent exchange platform in the crypto industry today has become quite a headache as the crypto space is filled with endless exchange platforms making it hard for investors to distinguish legitimate and decent exchange platforms from mediocre and scam exchanges. ![]() As a result, choosing a crypto exchange platform then becomes necessary for every investor. This is because exchange platforms are designed to be gateways into the crypto market as, without their services, no investor can participate in the market. Starting your trading quest in the crypto market requires that you assign and register with an exchange platform. ![]() Hence, investors and traders need to concern themselves with the volatility of the crypto market and be very careful when executing trades so as not to lose their investments. With the high volatility of the crypto market, investors can easily lose their investments as easily as they could make profits. However, it is important that new investors are not carried by these alluring opportunities but be made aware of the risks involved in participating in the crypto market. The huge potential gains and opportunities present in the crypto market have been so attractive that more people continue to enter the cryptocurrency market with the hope of making huge profits from the market. And many investors who have dared to invest in the crypto market have been rewarded greatly, making huge returns on their investments. The cryptocurrency market is a relatively new niche in the financial industry that allows traders and investors to exchange various digital coins for profits.Ĭonsidering the many exploits and feats achieved by the cryptocurrency market since its inception, investors and traders now consider the trading of various cryptocurrencies as one of the top investment options in the financial industry. Introducing cryptocurrencies into the financial market also carved a new market for investors and traders – the cryptocurrency market. Lots of retail stores now accept various digital coins as payment methods which gives room for quick and transparent transactions. However, what we have today, 11 years after those speculations is a crypto industry that continues to experience considerable growth leading to more innovations and inventions.Ĭryptocurrencies have gained vast acceptability in the financial industry and are greatly impacting how we go about businesses and pay for various goods and services. Many thought cryptocurrencies and the crypto market at large are just a bubble that will eventually explode. These findings emphasize the need for cryptocurrency exchanges to verify the identity of a new user when an account is opened.The introduction of cryptocurrencies in the financial space led to an outburst of speculations and criticism from various critics and financial analysts. This suggests that the laundering was international and that the stolen NEM was purchased by individuals. Furthermore, this study reveals that there was no pattern in the hour of the day of the sales transactions whereas more sales occurred on Sundays and Mondays. By resolving two challenges in tracking the stolen NEM and its money laundering, this report shows that there were increasingly larger sales of the stolen NEM over time, and on the last two days of market operation, approximately one third of the stolen NEM was money laundered. The hackers have not yet been arrested, and how the stolen NEM was money laundered has not yet been investigated. Three years later, the Metropolitan Police Department, Japan, announced that more than 30 people had been charged for allegedly exchanging NEM cryptocurrency, accounting for one third of the stolen value, for other cryptocurrencies. This hacking incident is unprecedented not only because it was one of the world’s largest cryptocurrency heists, but also because the stolen NEM was sold and money laundered on a crypto market. On January 26, 2018, 58 billion yen ($530 million) worth of a cryptocurrency, NEM, was fraudulently accessed, and was then stolen from the Coincheck Exchange, headquartered in Japan. ![]()
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