NEM Price Skyrockets as Coincheck Resumes Trading of Nem Tokens
NEM price has gained 17 percent in the past 24 hours making it the best performing cryptocurrency in the top 20 by market cap. This is associated with after Japan-based Coincheck Exchange resumed XEM deposits and withdrawals for the first time since a devastating $500 million hack in January this year.
Monex, which acquired the hacked digital currency exchange, Coincheck, back in April, announced that it recommenced new account openings and restricted virtual currency trading.
Coincheck announced on their official website:
“Coin Check Co., Ltd. resumed new account opening and payment/purchase of some virtual currencies on October 30, 2018, With regard to ETH, XEM, and LSK, technical safety confirmation has been completed with the cooperation of external experts and we have resumed payment/purchase of the virtual currency from November 12, 2018 I will inform you that.”
Furthermore, starting from Tuesday, customers can deposit the following digital currencies Bitcoin (BTC), Ethereum (ETC), Litecoin (LTC), and Bitcoin Cash (BCH).
Also, customers can purchase the following altcoins; Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). Bitcoin (BTC), however, was not affected by the Coincheck hack, as it has been available since Monex took over operations.
The re-opening of the deposits and withdrawals on Coincheck is welcome news for the New Economy Movement who earlier this year became the blockchain of choice for Venezuela’s President Maduro to launch the nation’s controversial Petro cryptocurrency.
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