One Block Team

News
NEM Foundation awards New Zealand startup $1 million

The startup is a new blockchain payment system that drops fees and donates a portion of proceeds. The NEM Foundation has announced one of the winners of its community fund program. New Zealand startup Choice aims to give New Zealanders a better way to pay, using blockchain technology to cut... Read More

One Block Team

News
Coincheck: NEM Foundation Stops Tracing Stolen Coins, Hackers’ Account At Zero

Experts confirmed that all NEM (XEM) coins stolen from the largest Japanese cryptocurrency exchange, Coincheck, have been transferred out of the hackers’ account, reports NHK World March 22. On Jan. 26, hackers stole $530 mln in NEM cryptocurrency from Coincheck. By Feb. 1, the Singapore-based NEM Foundation managed to ascertain... Read More

One Block Team

News
Coincheck hackers may have laundered half of stolen NEM coins

Hackers may have converted half of the NEM cryptocurrency stolen from Tokyo-based bourse operator Coincheck Inc. into other virtual coins for laundering, a cybersecurity expert said Saturday. The converted coins may have been exchanged to other virtual currencies or cashed by the hackers through the highly anonymous “dark web,” making... Read More

One Block Team

News
Suspicious transmissions preceded massive NEM theft

Suspicious transmissions were made from Tokyo-based virtual currency exchange operator Coincheck Inc.’s intracompany network to servers in Europe and the United States several days prior to a massive theft of NEM cryptocurrency from the operator, The Yomiuri Shimbun has learned. According to sources knowledgeable about the ongoing investigation, information on... Read More

One Block Team

News
NEM Foundation on recent heist: Its ongoing fight

An official at a Singapore-based foundation promoting the virtual currency NEM says they are keeping tabs on the stolen funds. NHK interviewed the official, who describes the foundation’s efforts as a kind of ongoing battle, referring to last month’s massive heist at a cryptocurrency exchange in Japan. Hackers allegedly stole... Read More

One Block Team

News
Cryptocurrency price manipulation is ‘unavoidable,’ head of crypto firm says

Price manipulation in the cryptocurrency space is “unavoidable” but will disappear once the market has matured, the head of cryptocurrency firm NEM said Tuesday. “Price manipulation is not something new. You see it in mainstream markets as well. We are in a very nascent, growing phase of our industry and... Read More

One Block Team

News
NEM at the World Government Summit

February 13 2018, Dubai — The 2018 edition of the World Government Summit has just recently concluded in Dubai. It was a 3-day summit attended by policy makers and government leaders all around the world. The World Government Summit is a global platform dedicated to shaping the future of government worldwide. Each... Read More

One Block Team

Editorial
Guide – Where To Buy And Store XEM

NEM, indicating New Economy Movement is an enterprise blockchain solution that powers forthcoming blockchain economy. It was first meant to be a fork of NXT initially, but community members decided to go with a freshly coded blockchain entirely. The alpha version of the NEM was released on the 25th of... Read More

One Block Team

News
Coincheck Produces Recovery Plan While Investors Flock to Withdraw Funds

Japanese cryptocurrency exchange Coincheck has submitted a report to the country’s financial authority outlining measures it will take following the hack that lost 58 billion yen worth of the cryptocurrency NEM from its platform. However, customers rush to withdraw 40.1 billion yen of their funds so far as the exchange... Read More