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Japan's Financial Services Agency (FSA) plans to take administrative actions against hacked cryptocurrency exchange Coincheck after the company announced the loss of 523 million units of NEM cryptocurrency (about US$530 million) from a hack.The FSA suspects that a lack of proper security measures allowed hackers to steal a record...
ShapeShift, an instant cryptocurrency exchange platform, has announced plans to integrate NEM's XEM token.Incorporated in Switzerland, ShapeShift was founded in 2014 to provide instant bitcoin and altcoin conversion. It supports dozens of cryptocurrencies including Bitcoin, Ethereum, Monero, Zcash and Dash, and has a strict "no fiat" policy, meaning it...
Three Japanese venture capital firms have pledged US$9 million in investment in COMSA, an Initial Coin Offering (ICO) fundraising and cross-chaining platform built on the NEM blockchain protocol. Nippon Technology Venture Partners, FISCO Capitals, and ABBALab are to make the investment through the COMSA ICO.Developed by Japanese startup Tech Bureau,...
The NEM.io Foundation, the creator of the NEM blockchain platform, has planned to spend US$40 million in the year to come to fuel global expansion, the organization said today. US$5 million will be allocated towards supporting blockchain companies incubated in the Blockchain Center.Scheduled to open in August 2017, the 10,000-square-foot...

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