Australian cryptocurrency firm NGS Crypto changes its name to Hiddup amid trademark dispute and legal investigation

Australian cryptocurrency company NGS Crypto has changed its name to "Hiddup" and is currently under investigation and legal action by the Australian Securities and Investments Commission (ASIC). It is understood that the company announced on June 25 that it was rebranding due to a trademark dispute, but the main reason may be ASIC's case against the company for approximately A$61 million (US$41 million) in investor interest arrears. In April this year, the assets of the company's directors Mark Ten Caten, Brett Mendham and Ryan Brown and the company's funds were frozen in this case. (Cointelegraph)