Bitcoin sold free due to glitch at Japanese exchange

Share

As at least one "buyer" attempted to resell their Bitcoin, an abnormally high quantity of the cryptocurrency appeared for sale on Zaif, and word soon spread on the Internet that around 2,200-trillion-yen worth of Bitcoin was on sale there.

The Tech Bureau Corp behind Zaif is now facing an investigation into the safety of the system and other business practices from Japanese authorities, the newspaper added.

Zaif is one of the 16 cryptocurrency exchanges registered with the Japanese Government.

Gregg Popovich says Kawhi Leonard could miss the rest of the season
As of Wednesday they're barely ahead of the Timberwolves , and just 4 1/2 games separate San Antonio from the No. 10 Utah Jazz . He did not make his season debut until December 12 and he did not play in more than two consecutive games.

The issue, first reported by Reuters, plagued the Zaif exchange for about 20 minutes on February 16, though the glitch wasn't publicly revealed by the exchange operators until February 20. The bug temporarily priced Bitcoin at zero yen, but the company quickly caught wind of the problem and shut it down.

The latest flub could draw further attention to security and systems at cryptocurrency exchanges, which were already under scrutiny in the wake of the Coincheck heist.

Six of the transactions have been voided. However it was still trying to resolve issues with one customer who tried to transfer the bitcoins he bought at the knock-down price.

Philippines 'concerned' as USA report labels Duterte a threat to democracy
It added the President has suggested declaring a revolutionary government, and impose nationwide martial law. He wants to uphold the rule of law.

The news came after Japan's finance minister Taro Aso announced that the FSA has begun examining the security measures of local crypto exchanges. The user who tried selling Bitcoin worth of $20 billion did not succeed in doing so.

Japan a year ago rolled out the world's first system to oversee cryptocurrency exchanges, in a bid to protect customers and stamp out illegal uses of cryptocurrencies as it sought to nurture a young and promising sector.

NFL Draft: Philadelphia Eagles stick with Barnett after re-drafting first round
Kiper placed 10 former SEC players in the first round after including just seven during his first attempt at a mock draft . That being said, Goedert seems to be a great athlete and projects to be at the very least a good pass catching tight end.

Share