With so many currencies in the red once again, it is almost surprising to see NEO in the green At the same time, a lot of cryptocurrencies respond in very different ways whenever market ensues. In the case of the NEO price, the current hasn’t caused its NEO/BTC rate to drop, hence the overall USD value remains stable and even goes up. In fact, we see a NEO price increase of 9.63% in USD value over the past 24 hours, which is rather significant in its regard.
Additionally, we see the NEO/USD rate improve by 14.43% in favor of the altcoin. That in itself is rather significant, as it may indicate we see the NEO price head to $170 rather soon. Right now, the same NEO is worth $160, which is a very strong increase compared to about a week ago. It is evident reaching a new all-time high for NEO will only be a matter of time, even though the opinions may still be divided on this front right now. All cryptocurrency markets are subject to increased , and NEO will not escape this spiral whatsoever.
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Major – $162
Major – $140
The Financial Services Agency (FSA) on Sunday ordered improvements to operations at Tokyo-based Coincheck, which on Friday suspended trading in all cryptocurrencies except bitcoin after hackers stole 58 billion yen ($534 million) of NEM coins, among the most popular digital currencies in the world.
Coincheck said on monday it would return about 90% with internal funds, though it has yet to figure out how or when.
The NEM coins were stored in a “hot wallet” instead of the more secure “cold wallet,” outside the internet, Coincheck said. It also does not use an extra layer of security known as a multi-signature system.
Decentralized Cold wallet means multi-signature system private key/public-key, One of the keys is held in your own home.
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