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Crypto loans company Salt, once associated with Erik Voorhees, is facing an SEC probe over its 2017 $50 million token sale and whether Voorhees’ involvement broke the law. 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 as collateral against fiat currency loans — is reported to have received a subpoena from the securities regulator this February, according to “sources familiar with the matter.” Among other issues, the SEC is said to be investigating whether Salt’s 2017 token sale was a noncompliant securities offering (i.e. whether it should have been registered with the SEC), how token proceeds were used, and the manner in which Salt employees received tokens. Voorhees, who is well known as CEO of crypto..
This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Estonia-based blockchain startup, NCrypto Networks OU, has announced the service launch of its complete cryptocurrency ecosystem solutions platform. Developed to help overcome the complexity involved in storing, spending, exchanging, and participating in token sales offering, NCrypto has been built from the grounds up with a strong focus on bringing transparency to the tokenization and exchange of digital assets. Service launch is scheduled to commence on November 11th, 2018 for all users to create wallets, issue tokens, and start trading. Making the Complex Simple From the inconveniences of juggling multiple wallets to those uncertain and precarious shuttle between exchanges fraught with numerous risks, getting into cryptocurrency can be quite the daunting task for those just starting out. NCrypto.io has set out..
U.S.-based cryptocurrency exchange Coinbase has launched full trading for the Basic Attention Token at Coinbase.com, as well as on the Coinbase Android and iOS apps. American cryptocurrency exchange and wallet provider Coinbase has announced the rollout of full trading of the Basic Attention Token (BAT) at Coinbase.com and in the Coinbase Android and iOS apps, per a blog post published Nov. 8. According to the announcement, Coinbase’s customers can now buy, sell, send, receive, or store BAT along with other digital currencies supported on the platform. The exchange also notes that BAT will be available for customers in most jurisdictions, except initially for residents of the state of New York. Coinbase announced that it started accepting inbound transfers of BAT to Coinbase Pro last week, indicating that BAT trading would only start once the coin established sufficient liquidity. The exchange stipulated that the token would undergo four listing stages, including “transfer-only,” wher..
Advertisement This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. It should now be clear to all that data has become a commodity, and that its rise in value and importance is firmly linked to an increasingly interconnected world. The current scenario can be viewed in tandem with the rise of cryptocurrencies and increasing interest in decentralized financial products. Unsurprisingly, therefore, there is significant demand from investors for information about security tokens, which are rapidly making utility tokens obsolete. Blockchain startup BlockVentures hopes to satisfy this demand and last week announced the release of Securities.io, its security token listing platform, in what the company claims is an industry first. Security Tokens vs Utility Tokens Security tokens are pushing out utility tokens as the latter are increasingly seen to be inferior products tha..
Ripple markets appear buoyed this week as the asset gains 18 percent in 24 hours to briefly overtake Ethereum as top altcoin. Ripple (XRP) overtook Ethereum (ETH) to become the largest altcoin by market capitalization again today, Nov. 6, after gaining 18 percent in 24 hours. Data from CoinMarketCap confirms the latest switcharound of the top two altcoin assets, repeating a pattern that has occurred several times this year. Market capitalization overview. Source: CoinMarketCap XRP shot higher over the weekend as markets reacted to a basket of factors, including fresh uptake of Ripple’s xRapid platform, but it remains unclear which specific factors fuelled the rally. xRapid, the payment network which uses XRP as its transfer medium, was responsible for a previous bull run in September, which again saw Ethereum relegated to the number two spot in market cap ratings. At press time, XRP/USD is trading around $0.536, while ETH/USD had gained a modest 1.7 percent in 24 hours to hit just ab..
BancorX DApp lets users convert between different blockchain tokens without an exchange or order matching. Decentralized liquidity network Bancor announced it had completed its partnership with EOS to provide cross-blockchain token swaps in a press release shared with Cointelegraph Nov. 5. Originally announced in September, Bancor has now expanded to the EOS blockchain, using its decentralized application (DApp) BancorX to allow users to convert between Ethereum and EOS-based tokens, without exchanges. The move is the first of its kind, Bancor says in its press release, and paves the way for “vastly more blockchains” to be included in such cross-blockchain trading. “The ability to easily convert assets cross-chain points to a future in which token projects and users are empowered to seamlessly interact with any blockchain which best suits their needs,” Bancor co-founder and head of business development Galia Benartzi commented in the announcement. BancorX currently supports a raft of ..
Advertisement This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Games development marketplace TriForce Tokens continues to disrupt the gaming ecosystem with the development of its blockchain platform which is scheduled for deployment in 2019. A token sale is currently underway to fund the platform’s development. TriForce Tokens Creating Gaming Marketplace Currently in the last stages of their token sale, TriForce Token is a leading UK-based games marketplace that is designed to directly connect gamers and indie game developers. It will increase player retention by creating an active community where ideas will be shared and feedback enhanced for better game development while reducing costs in the process. TriForce Tokens has rallied much support from private venture capital firms and other investment professionals in 2018. Some of its achievements thus far includ..
Crypto exchange Coinbase has added support for the BAT token on its Coinbase Pro platform. Major U.S. cryptocurrency exchange Coinbase has announced it is accepting inbound transfers of Basic Attention Token (BAT) to Coinbase Pro, according to a blog post published Nov. 2. Coinbase added support for BAT tokens on its Coinbase Pro platform, while it will enable trading on the BAT/USD order book only when sufficient liquidity is established. Coinbase notes that BAT trading will be available in most jurisdictions, except for residents of the state of New York. BAT is not currently available on the exchange’s platform Coinbase.com and in its iOS and Android applications. Per the post, the BAT trading will go through four stages, including “transfer-only,” where users will be able to transfer BAT into Coinbase Pro accounts, “post-only,” which will enable customers to post limit orders. The other two stages include “limit-only,” where limit orders start matching, and the final stage “full t..
U.S. rapper T.I., who launched the FLiK token with his business partner Ryan Felton, is now being sued for $5 million after the coin has broken to the wide. U.S. rapper T.I., also known as T.I.P., is being sued for $5 million by a group of people after his FLiK token has reportedly failed, according to court documents obtained by U.S. celebrity news media The Blast. As per the lawsuit cited by the outlet, the group of 25 persons claims that they have invested $1.3 million in “now worthless securities called FLiK Tokens,” promoted by T.I. and his business partner Ryan Felton. The plaintiffs state that the token was actively endorsed in social media both by celebrities and experts to create an impression of “a valuable liquid investment.” However, the group continues, T.I. and Felton defrauded them by using the money raised to drive the token’s price up, and when the prices fell down, they dumped the FLiK and disappeared. According to the lawsuit, Felton even created a new company, stat..
Advertisement This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Unique combination of crypto technology and Whisky tradition Since the inception of Bitcoin a decade ago, we have seen the cryptocurrency and blockchain industry evolve beyond anything anyone could have imagined. From healthcare to education, voting to finance, it seems that there is no stone left unturned when it comes to sectors that this technology has infiltrated. But the march of blockchain and crypto is not just limited to industry and business, it has also found its way into leisure and retail investment sectors as well. When it comes to Whisky, anyone with any interest in the industry will tell you that prices are rising. Scotch, Irish, Bourbon, or Japanese, bottles are purchased and stored as units of value until a good profit can be made by reselling them. With prices of high-end and highl..