In this edition of The Daily we cover a planned U.S. regulated exchange from Riot , the arrest of a hacker in who allegedly stole 15 million yen of monacoin, and a couple of new investors in Coinflex.
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Riotx Exchange Details
Riot , Inc. (NASDAQ: RIOT) has filed with the Securities and Exchange Commission () regarding its planned U.S.-based digital currency exchange, Riotx. The shows that the company intends to launch on the exchange with core (), cash (BCH), (LTC), and (ETH), paired with one another and also for U.S. dollars. Riot explained it has selected these coins based on internal and external reviews, and will only include currencies for which it has full regulatory and legal authorization to list.
The upcoming exchange will be comprised of three core services and Riot intends to acquire each of these by engaging third party vendors. Banking services will be provided by Synapse Financial Technologies, Inc. (Synapsefi); a engine will be provided by Shift Markets; and a provider of digital services is still unannounced. The company anticipates launching its Riotx digital currency exchange by the end of the second quarter of 2019.
Before October 2017, Riot was a biotechnology company known as Bioptix, Inc. that specialized in the development of veterinary diagnostic tools. On October 4, 2017 Bioptix announced it was changing its name to Riot and shifting its business focus to investing in technologies. In February 2018 it was hit with a in the Southern District of Florida related to the move.
Monacoin Hacker Arrested
According to media reports from , forces have caught an 18-year-old man who allegedly stole a total of 15 million yen (about $134.5K) worth of monacoin. The young hacker is accused of committing fraud using computers, among other allegations. He reportedly took advantage of vulnerabilities in an online called Monappy to steal the funds of about 7,700 people. Mona is a based on a cat meme popular in that was created as a fork of .
According to Japanese , this is the first time a crypto hacker has been exposed in the country. This is despite the fact that he used Tor to hide his online identity and stored the stolen coins in an anonymous exchange abroad. The claims to have identified him by analyzing transaction records.
New Coinflex Investors
Coinflex, a physically delivered crypto , has announced the addition of investment firm Digital Currency Group and investment company Polychain Capital to its lineup of investors. Olaf Carson-Wee, CEO of Polychain, commented, “As a physically-settled futures exchange, Coinflex will be well positioned to capture significant order flow from speculators, institutional traders and Proof of Work miners seeking to hedge against crypto price volatility and hash rate volatility.”
The exchange also announced the creation of its own , called flex coin, to encourage liquidity and reward members who trade on the platform. This is a practice that has spread among exchanges, with the seventh most valuable crypto asset by market cap in the world today – coin – one such exchange .
Based in Hong Kong and incorporated in the Republic of Seychelles, Coinflex is owned by a consortium that includes Technologies International Inc., crypto trader Mike Komaransky, and Dragonfly Capital Partners. Market markers B2C2, Global Advisors, Alameda Research, Amber AI, Grapefruit , Coinfloor and its subsidiary companies also have partial ownership of Coinflex.
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Published at Sun, 17 Mar 2019 12:04:09 +0000
