is a crowdsourced vulnerability rewarding platform enabling IT businesses and blockchain companies to detect software bugs and improve the overall security of their infrastructure. Remunerated HKNs, researchers are the main stakeholders of the platform. Clients sign up for the bug bounty program, set the scope, decide on program type, set the level of payment and wait for the reports.
The cost of starting HackenProof is cheaper than hiring independent experts. Specialists with different levels of knowledge, mindset, tools and from various time zones attack client company’s resources in 24/7. A clear report and analytics of the system’s vulnerable areas allow implementing more secure procedures. Hacken has already opened HackenProof for a number of companies including: NEVERDIE, Interkassa, OSA, TicketsUA and NapoleonX. The latter addressed Hacken after receiving blackmail from a hacker who threatened to expose their security flaw. An express bug bounty was launched and no severe vulnerability was found.
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The Government of Gibraltar (HMGoG) and the Gibraltar Financial Services Commission (GFSC) are developing legislation relating to tokenised digital assets (tokens), essentially those created and traded using distributed ledger technology (DLT). Following the GFSC’s Statement on Initial Coin Offerings in September 2017, Gibraltar’s Minister for Commerce, Hon. Albert Isola MP, announced that the Government’s position on initial token offerings would be formulated by this month. In December, HMGoG sought the views of local stakeholders through a discussion paper on token regulation circulated to Gibraltar’s Finance Centre Council, an umbrella organisation comprising local professional associations.
After taking into account stakeholder feedback, work has now begun on drafting legislation to regulate the promotion, sale and distribution of tokens by persons connected with Gibraltar; secondary market activities relating to tokens, carried out in or from Gibraltar; and the provision, by way of business, in or from Gibraltar of investment advice relating to tokens. A bill is expected to be considered by Parliament in the second quarter of 2018.
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London-based blockchain consulting firm, has announce it has formally enlisted the first group of early birds who will be getting free access to its ICO-creator platform. Kryptual is an automated wizard for blockchain based ICO-creation platform connecting business owners with investors. It provides a one stop solution for everything related to ICOs such as buying, selling, listing of tokens in a quick and simple way.
The idea behind the platform is to simplify ICO-creation, listing and raising process for business owners. The platform enables users with minimal knowledge of smart contract programming to create an enforceable, self-executing digital agreement for all types of transactions. The cost of creation is drastically reduced to make the process affordable and accessible.
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The team behind the troubled Japanese cryptocurrency exchange Coincheck has decided to sell the company to one of the largest securities trading companies in the country. Monex will provide much needed capital but will decapitate the exchange and replace its head with a more trusted figure from among its own.
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Coincecheck Shakeup
The leadership of Coincheck exchange has reportedly accepted on Thursday the acquisition bid by Japanese financial services firm Monex Group (Tokyo Stock Exchange: 8698). The final details are still being worked out between the two sides but the exchange is expected get a cash injection of 3.6 billion yen ($33.6 million).
As part of the deal, the Tokyo-based cryptocurrency exchange will undergo a shakeup of its top management in order to try and bring back clients’ trust. And Monex’s experienced chief operating officer, Toshihiko Katsuya, is expected to take control of the company as its new president, according to financial news agency . Coincheck founding president, Koichiro Wada, and its chief operating officer, Yusuke Otsuka, are expected to leave the exchange immediately after the money from Monex comes in.
FSA License Pending
Monex Group is facing tough competition in the Japanese online securities trading market and access to cryptocurrency investments can help it attract new customers as well as retain the exchange’s existing client-base. Coincheck’s application for a license from the Japanese Financial Services Agency (FSA) is still under review but the FSA will now reportedly only decide if the exchange can qualify or not after examining its operations under the new leadership brought over from Monex.
The Coincheck exchange lost some (about $550 million in USD) in January, when it was attacked by hackers. The exchange has since resumed trading and even reimbursed NEM customers, but it was an open secret that its owners were seeking a way out of the business. The stock price of Monex Group just a couple of days ago when the Coincheck takeover offer news broke.
Would Japanese clients trust Coincheck against after Monex will replace its leadership? Tell us what you think in the comments section below.
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