Business

Coinone Exchange Partners With Two Firms for Improved Safety Measures

[ad_1] Major South Korean cryptocurrency exchange Coinone has partnered with cybersecurity audit company CertiK and disclosures company Xangle to provide more safety and transparency for their crypto investors.Coinone shared news of the recent partnerships in an announcement on Aug. 7. According to their announcement, CertiK and Xangle will provide public disclosure information as well as smart contract audit information, respectively.For Xangle, the report states that their disclosures will provide protection
Business

New Jersey Issues Stop Orders to Two ICOs in Operation Cryptosweep

[ad_1] The Bureau of Securities in New Jersey has issued two emergency orders to the companies Zoptax and Unocall to end their initial coin offerings (ICOs). The Bureau alleges that the token offerings qualify as fraudulent unregistered securities offerings.The Office of the Attorney General in New Jersey announced the Bureau's orders in a news release on Aug. 7. In the case of Zoptax, the report states that the company is
Business

Around 300 Addresses Contain 80% of Tether Supply

[ad_1] The Massachusetts-based crypto market research firm Coin Metrics says that 318 addresses hold at least $1 million worth of Tether (USDT), comprising 80% of the global Tether supply.Bloomberg reported the company’s finding in a report on Aug. 7. Coin Metrics co-founder Nic Carter additionally mentioned that some of the USDT whales include major crypto exchanges, such as Binance and Bitfinex.The report additionally notes that this is staggeringly different from
BLOCKCHAIN

Cryptocurrency Lender Dharma to Postpone Accepting New Deposits and Loans

[ad_1] San Francisco-based crypto lender Dharma has decided to pause new deposits and loans on its platform. Dharma announced their decision in a series of official Twitter posts on Aug. 7. Their second tweet in the series reads:“For now, we're pausing new deposits and loans in Dharma. If you have an existing deposit or loan with Dharma, you'll still be able to access your account and will have the option to
Business

Too Soon to Call Bitcoin a Safe Haven

[ad_1] Brian Belski, chief investment strategist at the investment banking company BMO Capital Markets, said that he thinks it is premature to call Bitcoin (BTC) a safe haven from economic turmoil.Belski shared his views on Aug. 7 on CNN Business show Markets Now, where he said:“Bitcoin has been excessively volatile, especially the last couple of years. It’s the sexy kind of thing to go to now. I don’t base my