Tag: Firm

Crypto firm Helio Lending gets bond sentence over false license claims

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Australia-based crypto lender Helio Lending has been sentenced to a non-conviction good behavior bond for a year for falsely claiming it had a local credit license. On Aug. 17, the Australian Securities and Investments Commission (ASIC) said Helio was sentenced to the good-behavior bond for a year, having to pay $9,600 (15,000 Australian dollars) if broken. Good behavior bonds are often granted for less serious offenses. A non-conviction good behavior bond will mean Helios will only be convicted if it breaks its bond, and will have to pay the $9,600.…

Shiba Inu DAO Gets Serious With New Advisory And Investment Firm

Shiba Inu, an Ethereum-based cryptocurrency, is bolstering its commitment to driving its ambitious goals in the crypto industry by appointing a new tech advisor. The move will see Alpha Transform Holdings (ATH) providing expertise and advice to the Shiba Inu DAO Foundation.  Strategic Partnership with Alpha Transform Holdings In a Twitter post released by Lucie, a Content Marketer for the Shiba ecosystem, it was revealed that Alpha Transform Holdings, a leading cryptocurrency advisory venture capital firm would be entering a counseling role for the foundation behind Shiba Inu DAO.  The…

FTX’s former law firm hit with lawsuit alleging it set up ‘shadowy entities’

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FTX’s former primary counsel Fenwick & West LLP has been hit with a class action suit claiming it aided the crypto exchange’s alleged multi-billion dollar fraud. An Aug. 7 filing by a group of FTX customers in a California District Court alleged the law firm set up several “shadowy entities” allowing FTX co-founder Sam Bankman-Fried and other executives to adopt “creative but illegal strategies” to perpetuate fraud. The suit claims Fenwick & West provided services to FTX that “went well beyond those a law firm should and usually does provide”…

TRX, MATIC falling, QUBE firm in bearish crypto market

In a market known for its unpredictability and volatility, some players have been overcoming the odds. Although the sentiment for TRON (TRX) and Polygon (MATIC) is bearish, QUBE, the native token of InQubeta, has been resilient in recent days. InQubeta rides on innovation QUBE has garnered attention from investors due to InQubeta’s blockchain-powered approach to democratizing investment in crypto startups using artificial intelligence (AI).  Despite the broader market downturn, QUBE has been firm in the ongoing presale. For this reason, some investors say InQubeta has continued reinforcing its value proposition in the rapidly…

Blockchain Security Firm Exposes Unverified Orb Operator Access

Blockchain security company CertiK recently revealed a serious flaw that put the Worldcoin system at serious risk. The system’s security and integrity might have been compromised if the vulnerability allowed Orb operators unrestricted access. Users’ iris information was collected as part of Worldcoin’s Orb activities, necessitating a strong verification process to guarantee that only reputable businesses are in charge of the operations. The system’s fault, however, made it possible for bad actors to get through the rigorous verification process without fulfilling the requirements. Following the usual whitehat disclosure process, CertiK quickly…

SEC files charges against US firm

The Securities and Exchange Commission (SEC) has issued a temporary restraining order against a Utah-based company, DEBT Box, accusing the firm and its principals of conning investors out of approximately $49 million through a crypto scheme. The Anderson brothers, Jason and Jacob, and 15 others allegedly orchestrated an extensive financial operation in March 2021 that raised significant funds from US investors in Bitcoin (BTC) and Ethereum (ETH).  We obtained a temporary asset freeze, restraining order, and other emergency relief against DEBT Box and its four principals, Jason Anderson, his brother Jacob Anderson,…

Crypto Custody Firm BitGo Hires Former Genesis Exec Matthew Ballensweig to Lead Go Network

“This next era of institutional adoption has to be done via a tech-focused mindset first; you can’t just throw a balance sheet at it,” Ballensweig said in an interview with CoinDesk. “When I heard [BitGo CEO] Mike Belshe’s vision for this, it was precisely how I would have designed this next institutional trading phase, with the separation of custody and trading and settlement.” Source

Blockchain IOT firm Nodle goes open source with Web3 bluetooth ‘nanocomputer’ sticker

Decentralized network provider Nodle has launched a bluetooth hardware sticker that is aimed at increasing Internet-of-Things (IoT) connectivity for a variety of industrial use cases. The firm announced that it will open source it’s Nodle NanoComputer (N1), which features a Hardware Security Module (HSM) that enables a range of bluetooth operations. The N1 can be attached to any variety of items, with use cases ranging from logistics to track and trace applications. An artist’s impression of the Nodle Nancomputer N1 bluetooth chip. Speaking exclusively to Cointelegraph, Nodle co-founder Garrett Kinsman said the…