NEMRead more about NEM >> On the website's blog, the exchange has completely frozen all XEM transactions. Around thirty minutes after this announcement, Coincheck suspended the withdrawal of all cryptocurrencies and yen from its site. The company also halted the trades of all cryptocurrencies except Bitcoin, and deposits via Credit cards.
Source: CoinMarketCapAt press time, NEM is selling at $0.84 a coin, down -9.41% in 24 hours. The coin has been on a downward trajectory ever since hitting its record high back on January 4th. It suffered major loses mid-January when the entire cryptocurrency market suffered a major hit with new investors panic selling. XEM still remains the 10th place cryptocurrency by market value, above Monero (XMR), Dash, and Tron (TRX).
Source: CoinMarketCapRipple (XRP) was also another coin that was hit with the Coincheck fiasco. As you can tell from the chart above, the coin fell nearly 15% in just a matter of hours. It remains unclear as to why many of the top coins are suffering. At press time, Ripple is selling for $1.22 a coin, down -6.85%, in 24 hours. Latest Ripple & Stellar News >> Stellar (XLM) is the only coin in the top ten, in the green this morning. I advise anyone trading cryptocurrencies that they should never keep their digital tokens stored on exchanges or online wallets. To ensure your cryptocurrencies remain safe, I highly recommend moving them to cold storage wallets such as the Ledger Nano S or Trezor. Featured Image: Twitter