Cryptocurrency exchange Coincheck Inc, under pressure to better safeguard investors after the daring theft of $530 million of digital money last month, filed on Tuesday a report with regulators on the hacking, a person familiar with the matter said.
The Financial Services Agency ordered Coincheck to raise its standards after the late-January hack, directing it to submit a report on the security of its systems and measures it would take to prevent a repeat.
Governor Haruhiko Kuroda said the BOJ was closely watching developments in cryptocurrency trading to ensure they do not erode public trust over the safety of existing settlement systems overseen by the central bank.
“Cryptocurrencies aren’t legal tenders and don’t have assets to back up their value,” the BOJ chief said.
‘Virtual currencies such as Bitcoin, are subject to extreme price volatility and have shown clear signs of a pricing bubble and consumers buying virtual currencies should be aware that there is a high risk that they will lose a large amount, or even all, of the money, invested,’ the warning continued.
Bitcoin was last down around 3.6% at $8,480 on the Bitfinex exchange.
On the technical charts, BTC/USD is trading in the red zone and below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 41.43. The MACD has made a positive crossover above the signal line.
Buy digital Put options between 8133 and 7660, valid until 23:00 GMT February 2018