QuadrigaCX Has to Find Another Legal Representative
Ernst and Young (EY) the legal monitor of the QuadrigaCX case has found out that the exchange has a conflict of interests with the law firm of the exchange, Stewart McKelvey. EY did not mention any further details of the affair. However, the law firm does no longer represent QuadrigaCX and the company has to find another legal representation.
Another interesting detail about the management of QuadrigaCX is the fact that CEO Gerald Cotten apparently paid customer withdrawals in early 2018 out of his own pocket. His wife, Jennifer Robertson disclosed this detail to CoinDesk. She further stated about this that “I believe Gerry had the best interests of the business in mind, and cared for his customers.” However, by her critics the fact is seen as a proof for the unprofessional management of the exchange.
HSBC Is Calling For Partners Ahead Of The Launching Of Voltron platform
HSBC is the latest entrant to the growing list of Banks that are creating and deploying Blockchain technology to streamline their services. To fully embrace Blockchain and inspire adoption, the global bank is inviting South Korean banks to form a joint partnership with HSBC ahead of the launch in the “near future”. HSBC’s innovation director, Joshua Kroeker, made this offer to local South Korean banks during a press conference in Seoul on Tuesday.
70% of Digital Currency Owners Rarely Use them to Make Payments
Cryptocurrencies have gained ground over the last couple of years in different parts of the world. A recent survey shows that 70% of the people who have invested and own some cryptocurrencies rarely use them to make payments. One of the unexpected reasons for this statistic is that the majority of people are still skeptical about cryptocurrency transactions.
Trezor Responds to Ledger’s Vulnerability Allegations
Ledger accused its competitor Trezor yesterday to have 5 vulnerabilities. Meanwhile, Trezor responded to the allegations with their own blog post. Trezor answered to all five vulnerabilities that Ledger accused them of not having fixed.
Estonian Exchange Enables Security Token Trading & STOs
The Estonian exchange DX.exchange has announced that it will start trading tokenized securities. However, to participate, customers, have to undergo another KYC process to comply with the EU’s Financial Instruments Directive II. In addition to that, DX.exchange will launch security token offerings, so-called STOs as well. In order to do so, the exchange has decided to restructure itself and renamed itself to DXtech exchange.