And london. This is bbc world news leiva from. Good morning. Its 8 00am in singapore, midnight in london and 9 00am injapan, where theres new doubt surrounding the security cryptocurrency exchanges, which handle digital cash systems like bitcoin. One of the countrys biggest exchanges, coincheck, has offered to refund half billion dollars in currency stolen by hackers on friday. Japan is one of the worlds most enthusiastic traders in cryptocurrencies. And the theft has cast doubt over the credibility of the exchange system. Rhodri davies has this report which contains some flash photography. As many as 10,000 businesses in japan are said to accept cryptocurrencies. This virtual heist is bound to increase concerns about their security. At the centre of this, tokyo based coincheck, one of the largest Digital Currency exchanges in japan. It the largest Digital Currency exchanges injapan. It said on friday it had been hacked, resulting in the loss of half 1 billion. The biggest ever. Transl
It is 9 00am in singapore, 1 00am in london, and 10 00am injapan, where there is new doubt surrounding the security of crypto currency exchanges which handle digital cash systems like bitcoin. One of the countrys biggest exchanges, coincheck, has offered to refund 500 million in currency stolen by hackers on friday. Japan is one of the worlds most enthusiastic traders in crypto currencies, and the theft has cast doubt over the credibility of the exchange system. Rhodri davies has this report, which contains some flash photography. As many as 10,000 businesses injapan are said to accept cryptocurrencies. This virtual heist is bound to increase concerns cryptocurrencies dont have a centralised register. Their strength, in theory, comes from having a connected distributed register called a blockchain. A transaction is ordered by putting the currency into groups, call blocks, which link to and verify the previous block. The stolen coincheck assets were said to be kept in a hot wallet. Whic
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