Altcoins

NEM Market Report: 526 Million $XEM Stolen in Huge Crypto Heist

Brief:


A cryptocurrency heist in huge proportions has left fleeced investors and a falling price. According to Lon Wong, President of the NEM.io Foundation, 526 million XEM was stolen. NEM is down -12.50% in 24 hours, down -25.41% on the week and down -12.50% on the month on a last price of 91 JPY or about $00.83. The NEM marketcap is $7,469,999,999 with a circulating supply of 8,999,999,999 $XEM. $XEM/JPY is trading between a 24hr high of 112 JPY ($1.03) and a 24hr low of 80 JPY ($00.73) on a 24hr CoinCheck volume of $125,679. This trading volume is moderate to heavy. The weekly price trend is down.

Last price

91 $XEM/JPY

$USD

last price $ 00.83
one week ago $ 1.12

Price change

Price change is the $XEM percentage change within the period:

period change
day -12.50%
week -25.41%
month -12.50%

Volume

Volume

$XEM 24 hour volume
JPY $125,679
all $XEM currencies $169,275,000

The 24 hour volume for $XEM/JPY on CoinCheck is $125,679. This volume weight is moderate to heavy when compared with CoinCheck daily trading levels for $XEM over the last month.

The total 24 hour volume for all reporting $XEM markets is $169,275,000.

Market Share

Zaif (30.61%) leads the market, followed by Upbit (27.96%) and Bittrex (13.28%).

The CoinCheck currency pair $XEM/JPY is 0.07% of all $XEM traded in twenty-four hours. The CoinCheck.com market share is based on an unclear value for the volume denominator – on a translated website – which is guessed to be yen (not expressly stated). This value converted on xe.com yields the USD value shown: $125,679.

Remarks

A cryptocurrency heist in huge proportions has left fleeced investors and a falling price. According to Lon Wong, President of the NEM.io Foundation, 526 million XEM was stolen. NEM is down -12.50% in 24 hours, down -25.41% on the week and down -12.50% on the month on a last price of 91 JPY or about $00.83. The NEM marketcap is $7,469,999,999 with a circulating supply of 8,999,999,999 $XEM. $XEM/JPY is trading between a 24hr high of 112 JPY ($1.03) and a 24hr low of 80 JPY ($00.73) on a 24hr CoinCheck volume of $125,679. In moderate to heavy volume trading the weekly trend is down.

CoinCheck Notice

reference http://corporate.coincheck.com/2018/01/26/29.html

Social Media Buzz

According to a report from CryptoNews.com, Wong said “As far as NEM is concerned, tech is intact. We are not forking. Also, we would advise all exchanges to make use of our multi-signature smart contract which is among the best in the landscape. Coincheck didn’t use them and that’s why they could have been hacked. They were very relaxed with their security measures”.

1 JPY is equal to $ 0.00923062 USD.

One Year Chart

One Day Candles

Browse NEM Collection

Learn about the unique characteristics of $XEM. Browse our collection of NEM Market Reports.

Friday January 26 2018 Bitcoin Background

Altcoins such as NEM ($XEM) may show a relationship with Bitcoin ($BTC) which changes with the alt, bitcoin and market conditions:

24 Hours of Bitcoin
24 Hours of #Bitcoin
-2.58% price $11,045.50
vol $9,680,860,000
mktcap $185,874,226,275
16.83M #XBT 20:22 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

Altcoin Market Reports
We publish topical Market Reports on many altcoins. Browse our extensive collection of Altcoin Market Reports.

Highlight Chart

Tap / click to enlarge:

A cryptocurrency heist in huge proportions has left fleeced investors and a falling price. According Lon Wong, President of the NEM.io Foundation, 526 million XEM was stolen. NEM is down -12.50% in 24 hours, down -25.41% on the week and down -12.50% on the month on a last price of 91 JPY or about $00.83.
A cryptocurrency heist in huge proportions has left fleeced investors and a falling price. According to Lon Wong, President of the NEM.io Foundation, 526 million XEM was stolen. NEM is down -12.50% in 24 hours, down -25.41% on the week and down -12.50% on the month on a last price of 91 JPY or about $00.83.

Data sources

Main Data Source

CoinCheck is the main data source for this report. The One Day Candles chart, highlight chart, and all digital asset numeric trading data not otherwise credited are from CoinCheck.

Secondary

CoinMarketCap is the secondary data source for this report. The One Year Chart, cryptocurrency rank, token circulating supply, and daily market share are sourced from CoinMarketCap.com.

Tertiary

XBTLivePriceTM and 24 Hours of Bitcoin are data products from KittyBitcoin.com

Other sources are credited where used.

Market capitalization

Market capitalization is the total $US dollar value of the NEM market calculated using the formula:

market cap = ( circulating supply x last price )
Market cap $ 7,469,999,999
Circulating supply 8,999,999,999
Last price $ 00.83

Daily High Low

daily high 112 JPY
daily low 80 JPY

Trend

The weekly trend is down.

trend is DOWN

Trend is "down" when the weekly price movement is predominantly downwards.

Resistance

Resistance is the highest price within the period:

period resistance
day 112 JPY
week 131 JPY

Support

Support is the lowest price within the period:

period support
day 80 JPY
week 80 JPY

Market sentiment

Market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

A cryptocurrency heist in huge proportions has left fleeced investors and a falling price. According to Lon Wong, President of the NEM.io Foundation, 526 million XEM was stolen. NEM is down -12.50% in 24 hours, down -25.41% on the week and down -12.50% on the month on a last price of 91 JPY or about $00.83. The NEM marketcap is $7,469,999,999 with a circulating supply of 8,999,999,999 $XEM. $XEM/JPY saw weekly resistance at 131 JPY ($1.20) and weekly support at 80 JPY ($00.73). Market sentiment is bearish. The weekly price trend is down in daily moderate to heavy volume trading.

Analytic Strategy: Objective Analysis

Objective analysis begins free of subjectivity. Interpretation of technical analysis geometric patterns, for example perceived shapes on a trading chart, is inherently subjective. This report is free of technical subjectivity to the maximum extent reasonably possible.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Friday January 26 2018 20:07 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Bitcoin & Ethereum

Thanks for reading! 🙂

Tags

NEM, $XEM, JPY, CoinCheck, Market, Report, $XEM/JPY, altcoins, crypto, heist, stolen, theft

@KittyBitcoin supplies mobile friendly blockchain intelligence on http://kittybitcoin.com. Their favorite color is pink and the bigger the wool ball the better.
Free AllCoinsNews Email Updates
Get the latest cryptotoken market news and blockchain developments!
We respect your privacy.