“On-chain settlement helps Seed CX provide trading firms with an experience that is both cost effective and high performance, while also providing the operational and financial security investors demand.”Zero Hash public director Julie Myers-Wood explained that the company learned from issues other exchanges faced, according to a statement. “Giving participants full visibility into their own unique wallets is a big part of that, but it’s not enough. Zero Hash has a wide range of operational controls designed to provide investors with a first-of-its-kind experience,” she added. Source: www.coindesk.com
“We are happy to report that the vulnerability has been successfully patched, and no user funds were compromised … Customer funds were always safe, our multi layer advanced monitoring and defense mechanism was able to avoid any further issue.”The statement went on to note that any developers who discover bugs in the future can report them to the exchange directly through a bug bounty program. Source: www.coindesk.com
“Now companies can efficiently raise capital and provide liquidity globally by leveraging blockchain technology in a way that complies with securities laws. We are very excited to be connecting the more than 50,000 institutional and individual accredited investors using the SharesPost marketplace with companies and funds like Blockchain Capital that are leading the way.”Blockchain Capital co-founder and managing partner Bart Stephens added in the announcement that “SharesPost is unique in its support of private companies and funds because they offer a comprehensive platform on which our investors can interact to enable liquidity.” In particular, Stephens said SharesPost will benefit the investor community by providing data and analysis on issuers and assets listed on its platform. Editor’s note: This article has been updated to note that OpenFinance Network has already conducted a similar secondary transaction, though it does not provide custody solutions. Source: www.coindesk.com
“That’s class-action defense, class-action prosecution and all sorts of civil and criminal litigation work emerging from this rush to obtain funding in ways that might not have been compliant, and all the regulatory and enforcement actions that we presume will come.”Hinkes pointed out the statute of limitations is often up to five years and regulators have a habit of taking their time to build cases. As such, he expects there will be a boom in demand for blockchain-savvy legal services for years to come.