Tuesday, November 20, 2018
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SEC Opened Probe into Erik Voorhees, Crypto Loans Firm Over 2017 $50 Mln Token Sale

Crypto loans company Salt Lending Holdings Inc., once associated with high-profile crypto industry stalwart Erik Voorhees, is facing a U.S. Securities and Exchange Commission (SEC) probe over its 2017 $50 million token sale, the Wall Street Journal (WSJ) reported Nov. 15.Founded in 2016, Salt — which uses clients’ crypto holdings

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Canadian Holding Firm to Acquire EXMO Crypto Exchange Per Letter of Intent

Publicly traded Canadian holding firm GoverMedia Plus Canada will acquire U.K.-based crypto exchange EXMO per a recently signed a Letter of Intent (LOI), according to a joint announcement published Nov. 13.The LOI reportedly enables GoverMedia to exclusively negotiate the transaction within the next 180 days. Upon the completion of the

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Huobi’s US-Based Strategic Partner HBUS Hires Former Exec of VC Firm Draper Athena

HBUS, the strategic partner of top crypto exchange Huobi, has hired a former executive of venture capital (VC) firm Draper Athena, according to a press release shared with Cointelegraph Nov. 13.The HBUS trading platform, which currently employs around 40 people in their headquarters in San Francisco, has officially announced the

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Film Publishing Rights Firm Fintage House Now Accepts Crypto for Rights Transactions

Dutch rights management company Fintage House has signed a deal with blockchain-based social entertainment platform TaTaTu to start accepting cryptocurrency for rights transactions, entertainment industry news outlet Variety reported Nov. 12.Established in 1986, Fintage House specializes in the collection and management of TV, film and music publishing rights and licensing,

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Swiss Crypto Firm Gets Islamic Finance Certification for Sharia-Compliant Stablecoin

Switzerland-based fintech firm X8 AG has received a certification from the Shariyah Review Bureau (SRB) for its Ethereum-based stablecoin, Reuters U.K. reports Nov. 12.SRB is a leading Sharia consultancy and audit firm licensed by the central bank of Bahrain. It reportedly has a presence in twelve countries, and holds the

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German Financial Regulator BaFin Shuts Down Activity of British Crypto-Related Firm

The German Federal Financial Supervisory Authority (BaFin) has ordered partial cessation of activities by U.K.-based crypto-related firm Finatex Ltd., according to an official announcement published on BaFin’s website on Friday, Nov. 9.According to the BaFin’s notice, reportedly dated Oct. 2, Finatex Ltd. is ordered to “immediately” stop offering cross-border proprietary

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U.S. Law Firm Files Claims Against AT&T, T-Mobile Over SIM Swap-Enabled Crypto Thefts

 U.S. crypto investor law firm Silver Miller has filed arbitration claims against telecoms giants AT&T and T-Mobile for “SIM-swap”-related thefts, according to a press release published Nov. 8SIM-swapping – also known as a ‘port-out scam’ – involves the theft of a cell phone number in order to hijack online financial

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Japanese Firm Launches Blockchain Security Monitoring Tool

Tokyo-based NRI SecureTechnologies has launched a new tool to detect security problems in blockchain-powered applications. The new tool, dubbed the Blockchain Security Monitoring Service, is designed to detect and report security vulnerabilities in information systems and services that use blockchain technology. The first use will be as a monitoring service

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