The Ledger is establishing its office in New York as part of its expansion plans in the United States. Reportedly, the New York office would be considered as the headquarters for the Ledger Vault. A former Intercontinental Exchange (ICE) executive, Demetrios Skalkotos, has been recruited to the chief the global business operations of the Ledger Vault.
A cryptocurrency company based in Switzerland, X8 AG has obtained a finance certification. Following the certification earned by the company, they have recently unveiled their vision in launching a Sharia-compliant cryptocurrency exchange and commented, “The Gulf region is a really good place for financial technology companies because they all want to become hubs for fintech.”
The crypto startup, LIFElabs, is to sponsor the Sky Sports British Masters golf competition along with companies such as Adidas. The competition is scheduled to happen between the 11th and 14th of October hosted by 2013 U.S. Open champion Justin Rose. As per the sponsorship, the crypto firm would support the first player with £10,000.
Three cryptocurrency investment companies received cease and desist order from the North Dakota’s securities department. The companies were allegedly offering fraudulent investment scheme. The companies hit with the order include BitConnect, Magma Foundation, and the Pension Rewards Platform/ Pension Rewards. The orders were issued after an investigation was carried by 40 US and Canadian regulators.
A forum called Blockchain Life 2018 is to be held on November 7th to 8th in St. Petersburg, Russia. The Asian cryptocurrency firms such as Kraken, Okex, Huobi and many more would be participating as the speakers. The forum aims to discuss on cryptocurrency industry in 2018 and the ICO projects of Eastern European.
Show cause notice has been issued against three crypto companies by the Colorado Securities Commissioner Gerald Rome. The probe is being made under the preview of the Division of Securities. The companies which received the orders are Bionic Coin, Sybrelabs Ltd, and Global Pay Net. The order was previously submitted to EstateX, Bitconnect Ltd, Magma Foundation, and Bitcoin Investments Ltd.
Huulk is to attract the listings of sharia-compliant financial technology startups. The chief executive of Huulk, Ibrahim Mohammed explained that the firm aims to list approximately 20 Islamic Fintech firms especially in the Muslim-majority countries such as Turkey, Malaysia and many more. The exchange has also applied for a digital exchange license in Malta.
Kryptovault, a crypto mining company, has received a bomb threat. The unknown notice was reported to the local authorities immediately as reported by the managing director of the company. The threat notice read, “If you are expanding crypto mining and filing the country with noise, then you will be sabotaging the peace. I am threatening to send you some explosives.”
The crypto trading platform SFOX has affirmed the closure of $22.7 million Series A funding round. The funding round was led by the co-founder and partner of Tribe Capital and Social Capital, Arjun Sethi. The funds received are to be used by the company for the addition of cryptocurrency pairs, improving trade liquidity and diversify to new geographical regions.
The UK Financial Conduct Authority has issued a warning against Good Crypto company that impersonated as authorized Arup Corporate Finance firm to trick investors. The bogus firm’s website is found live with its wallet supporting cryptos including Bitcoin, Ethereum, Ripple, NEM, and Dash. The crypto firms and crypto activities are not regulated by the FCA.