X-Coin(XCO)

The company from ex-Coinbase employees aims to help developers build better blockchain wallets.

In an insider trading case involving Coinbase's former product manager Ishan Wahi, his brother Nikhil Wahi and their friend Sameer Ramani, a U.S. court ruled on March 1, 2023, that the trading of certain crypto assets on a secondary market, which Coinbase is, are securities transactions.

Eli Regalado said God told him to start the INDXcoin project and he's waiting on further guidance after Colorado securities officials accused him of running a crypto scam.

Toronto, Canada, July 20th, 2023, ChainwireConflux Network, the first regulatory-compliant public blockchain in China, has today announced a new collaboration with World Mobile, the only global mobile network built on the blockchain.The partnership comes on the heels of the successful launch of the Conflux BSIM card earlier this year and will see the two companies work together initially in four areas:1) Public BridgingWorld Mobile Token (WMT) will bridge from Cardano blockchain into the Conflux blockchain ecosystem and will be the first bridge outside the Cardano ecosystem for the mobile network’s native token.2) Tech IntegrationWorld Mobile and Conflux will collaborate on the technical integration of the Conflux network into World Mobile's sidechain, AyA,bringing EarthNode capabilities and financial settlement to the Conflux network.3) Asian and African Market ExpansionConflux and World Mobile enjoy a strong presence in the Asian and African markets, respectively. The two businesses will work together to leverage these strengths to increase connectivity, drive user acquisition and further market penetration in key markets. Conflux’s CFX now ranks top 3 in most popular crypto currencies in Nigeria.This is especially relevant as Nigeria holds nearly 67% of crypto interest in Africa. World Mobile has recently concluded successful field tests of its hybrid dynamic network in Nigeria, following a successful commercial launch in Zanzibar earlier this year.4) Blockchain-based SIM card developmentWorld Mobile and Conflux will collaborate on how the mobile network can best utilize Conflux’s blockchain-based SIM card to increase access to digital connectivity across the world.YuanJie Zhang, Co-Founder of Conflux, said of the partnership: “Conflux Network takes its mission to push the frontier of Web3 adoption at a low cost, with fast speed and decentralized security very seriously. One important strategy is to promote collaboration with telecommunication service providers all over the world. World Mobile is the next significant partner Conflux brings on board after China Telecom. Together, affordable and applicable blockchain technology is bridged beyond Asia to the rest of the world.”Zachary Vann, Head of Token, World Mobile Token added: “We are excited to work with Conflux to build a more connected and inclusive future. This partnership will accelerate our market expansion in Asia and to provide connectivity globally. The Conflux network has a unique, regulatory-compliant blockchain, and the world's first blockchain-based sim cards bring many opportunities to our mobile network and our AyA chain. This is our most significant partnership to expand our network and sharing economy into the Asian markets and beyond.”About ConfluxConflux Network is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and improved network security.As the only regulatory-compliant public blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia. Conflux has collaborated with global brands and government entities in the region on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China, and Oreo.Learn more: https://confluxnetwork.org/About World MobileWorld Mobile was founded with a far-reaching goal: to connect everyone, everywhere while advocating for economic freedom and dignity. Unlike traditional mobile networks, World Mobile is based on blockchain and incentivizes people to be part of a sharing economy that taps into the trillion dollar global telecom market. Individuals and business owners around the world can operate nodes on its network and bring their community online while earning revenue.Learn more: https://worldmobile.io/ContactMelissa TireyShift6 [email protected]

Schwarzenbach, Switzerland, June 26th, 2023, ChainwireConcordex, the first dedicated DEX built on the Concordium blockchain, has officially launched on mainnet. The platform aims to bring institutional-grade DeFi trading tools to the Concordium ecosystem and has recently completed its testnet, which saw 867 users open 3,695 liquidity positions and completing 15,212 transactions.Concordex, which raised $1.7 million in seed funding from Tacans Labs, Skynet Trading, Seier Capital, Amdax and Concordium blockchain in December 2022, aims to bring a comprehensive suite of TradFi and DeFi trading tools to the market while leveraging the strengths of the Concordium blockchain. The platform offers a variety of features such as regular swapping, as well as advanced liquidity management features, with its liquidity pools offering concentrated liquidity and multiple fee levels to maximize returns for investors.“It is a very important part of the Concordium ecosystem infrastructure that we now celebrate with the launch of the first DEX. With Concordex’ user-friendly and elegant design, as well as ambitious plans for continued additional functionality, I strongly believe that this cutting-edge project will play its part in defining the future and setting the standards for compliant DeFi,” said Lars Seier Christensen, founder of Concordium."We are pioneering the development of regulation-friendly DeFi platforms by building on Concordium, while unlocking proper liquidity and bringing a strong set of DeFi trading tools to the ecosystem. We have set out to develop a platform that cuts out the barriers to entry in the institutional DeFi space," said Mathias Lundoe Nielsen, Chief Executive Officer at Concordex Labs.“We’re excited to unlock the potential of DeFi in the Concordium ecosystem, while being one of the first regulatory-ready DEXes in the market. The Concordex team has been hard at work developing the platform and we’re proud to launch a robust suite of trading tools that will enable our users to trade with ease while allowing liquidity providers to maximize their returns within the ecosystem,” said James Davies, Chief Product Officer at Concordex Labs.Concordium is a permissionless, environmentally conscious Layer-1 blockchain ecosystem with a unique embedded identity verification layer that offers regulatory compliance, while ensuring privacy for its users. It provides a secure way for users and enterprises across the world to access the world of DeFi while remaining compliant.Concordex will utilize the regulatory-ready ecosystem to offer one of the first regulation-friendly DeFi platforms, a radical step forward in the evolution of DeFi, paving the way for wider adoption of blockchain technology across the world.About ConcordexConcordex is an advanced institutional-grade liquidity management DEX built on the Concordium blockchain. The project was developed by DeFi venture studio Tacans Labs, with core team members including award-winning entrepreneur Mathias Lundoe, and industry veterans James Davies, Ivan Ivaschenko, and Marie Tatibouet. The platform aims to launch on Mainnet in Q3 2023.For more information, please visit: concordex.ioAbout ConcordiumConcordium is a permissionless green layer 1, a science-backed blockchain that balances privacy with accountability through its ID layer and Zero-knowledge proofs. Creating trust with ID is key to scaling businesses. Concordium provides a fast, secure, and high-scale blockchain platform that makes building use cases and using dApps easy. Concordium differs by having verified ID and instant finality with high throughput, and low transaction fees, pegged to FIAT. With leadership from Fortune 500 companies, Volvo, IKEA, Credit Suisse, Uber, and successful Fintech platforms, the team is scaling the chain to its extensive network of the world's biggest enterprises.For more information, please visit: concordium.comContactPR ManagerDion GuillaumeTacans [email protected]

The SEC announced that former Coinbase product manager Ishan Wahi and his brother agreed to settle charges against them that they engaged in insider trading. On Tuesday, the US Securities and Exchange Commission (SEC) announced that Ishan Wahi, a former Coinbase Global product manager, and his brother, Nikhil Wahi, agreed to settle charges that they engaged in insider trading relating to at least nine crypto asset securities. Wahi Brothers Agree to Settle Civil Charges The securities watchdog said the Wahi brothers agreed to settle civil charges that they engaged in a scheme to trade ahead of multiple announcements relating to at least nine crypto asset securities, which would be made available on Coinbase’s platform. Ishan Wahi was arrested in 2022 and charged with insider trading after it emerged that he was feeding his brother Nikhil, and another individual, with information about crypto assets to be listed on Coinbase. Authorities investigating the matter said Wahi’s brother and a fellow conspirator, Sameer Ramani, made over $1 million between June 2021 and April 2022 with the information provided by Ishan Wahi. Ishan Wahi was sentenced to two years in prison after pleading guilty to charges of conspiracy to commit wire fraud. Nikhil Wahi was sentenced to 10 months in prison in January and was ordered to pay a fine of $892,500 after pleading guilty to one count of conspiracy to commit wire fraud. SEC Argues Digital Assets Should Fall Under Its Oversight The SEC has grown increasingly active in policy in the crypto industry, filing numerous lawsuits against several major crypto-related firms since the start of 2023. Reuters reports that in the lawsuits, the agency has argued that many digital assets are securities and fall under its oversight, including the case against the Wahi brothers. During pleading to the criminal charges, Ishan Wahi stated that he did not believe any of the tokens in question were securities. Coinbase is not a party to the SEC allegations against the Wahi brothers, but the firm filed an amicus brief supporting the Wahi brother’s motion to dismiss the SEC’s case. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Schwarzenbach, Switzerland, May 25th, 2023, ChainwireConcordex, the first dedicated decentralized exchange (DEX) built on the Concordium blockchain, has officially launched its testnet. The project raised $1.7 million in seed funding from Tacans Labs, Skynet Trading, Seier Capital, Amdax and Concordium blockchain in December 2022 to bring institutional-grade DeFi trading tools to the Concordium blockchain ecosystem.Concordium is the permissionless green Layer 1 science-backed blockchain creating a safer digital world with an embedded identity verification layer. It provides a secure way for users and enterprises across the world to trade, and remain compliant, while ensuring the privacy crypto users have grown accustomed to. Concordex will utilize the regulatory-ready Concordium ecosystem to offer one of the first regulation-friendly DeFi platforms, a radical step forward in the evolution of DeFi.“The launch of our testnet today will offer a glimpse into the robust set of DeFi tools we are developing for the Concordium blockchain. By leveraging their regulatory-ready blockchain ecosystem, Concordex is set to be one of the first regulation-friendly DeFi platforms in the market, taking a significant step forward in the evolution of DeFi, while offering a unique trading experience for users," said James Davies, Chief Product Officer at Concordex Labs."Concordium meets the growing demands from institutional investors for enterprise-grade DeFi. Together with Concordex we will provide the highest standards of security, compliance and scalability. Unlocking liquidity, diversification, and yield generation beyond traditional investments. " Torben Kaaber, Head of Commercial at ConcordiumConcordex will bring a variety of features to the Concordium ecosystem including simple trading, as well as concentrated liquidity and flexible fee levels for liquidity providers allowing them to optimize capital deployment and maximize returns over time. With a team of highly capable TradFi and DeFi veterans, the platform is set to bridge the gap between TradFi and DeFi with true on-chain derivatives and other tools dedicated to institutional investors.To celebrate the launch of its public testnet, Concordex has also launched a Concordex Testnet Rewards Program, allocating a total of USD 100,000 in its upcoming $CCDX token as rewards for participants in the program, which is set to continue for the duration of the testnet phase with rewards distributed after the token’s token generation event (TGE) later this year.About ConcordexConcordex is an advanced institutional-grade liquidity management DEX built on the Concordium blockchain. The project was developed by DeFi venture studio Tacans Labs, with core team members including award-winning entrepreneur Mathias Lundoe, and industry veterans James Davies, Ivan Ivaschenko, and Marie Tatibouet. The platform aims to launch on Mainnet in Q3 2023.For more information, please visit: concordex.ioAbout ConcordiumConcordium is a permissionless green layer 1, a science-backed blockchain that balances privacy with accountability through its ID layer and Zero-knowledge proofs. Creating trust with ID is key to scaling businesses. Concordium provides a fast, secure, and high-scale blockchain platform that makes building use cases and using dApps easy. Concordium differs by having verified ID and instant finality with high throughput, and low transaction fees, pegged to FIAT. With leadership from Fortune 500 companies, Volvo, IKEA, Credit Suisse, Uber, and successful Fintech platforms, the team is scaling the chain to its extensive network of the world's biggest enterprises.For more information, please visit: concordium.comContactPR ManagerDion GuillaumeTacans [email protected]

Ishan Wahi, the former product manager at Coinbase Global accused of insider trading, was on Tuesday sentenced to 24 months in prison.

A former Coinbase employee has been sentenced to two years in prison after pleading guilty to charges of insider trading. The sentencing was carried out by US District Judge Loretta Preska, who sentenced Wahi in the Manhattan Federal Court. The Insider Trading Case Ishan Wahi was arrested in 2022 and charged with insider trading after it was discovered that he was providing his brother and another individual, Sameer Rahmani, with insider information about upcoming listings on Coinbase. According to authorities probing the case, Wahi’s brother and the unnamed individual made over $1 million between June 2021 and April 2022, thanks to information given by Wahi. During the hearing, Judge Preska stated that Wahi’s scheme involved “massive abuse of Coinbase’s trust.” The judge added that Wahi and the co-defendant’s attempts to cover up their actions showed they knew they were wrong in carrying on with the scheme. The brother, Nikhil Wahi, earlier pleaded guilty to a charge of wire fraud conspiracy and was sentenced to 10 months in prison. Meanwhile, Ramani has evaded the authorities thus far. Wahi Expresses Remorse At the hearing, Ishan Wahi expressed regret and remorse over his actions and their impact on friends and family, several of whom were in attendance in court. Wahi stated during the hearing that he had made a huge mistake, one that would follow him for the rest of his life. Noah Solowiejczyk, the assistant US Attorney, contended that Wahi’s actions were not a one-off mistake and instead were a stream of tips to his brother spanning over ten months. Wahi also asked the court to give him a sentence no longer than his brothers and cited examples of other insider trading cases that resulted in little or no prison time for the people involved. However, prosecutors called for Wahi to be jailed for over three years to deter other individuals from misusing corporate information. Currently, prosecutors are able to charge fraud in cases where deception was utilized to seek financial gain, regardless of the type of asset involved. This allows the United States Justice Department more leeway to go after any crypto-related fraud than its civil counterpart, the United States Securities and Exchange Commission. The SEC is limited to monitoring the securities markets. In several of its lawsuits, the Securities and Exchange Commission, including one filed against the Wahi brothers, stated that most digital assets are securities. Court papers have shown that the SEC and Ishan Wahi had reached a settlement, while Nikhil Wahi is in talks to reach a settlement. Second Crypto-Related Insider Trading Case This is the second case related to cryptocurrency insider trading brought by the United States Department of Justice (DOJ). The first case resulted in a guilty verdict and involved the former head of product at OpenSea, one of the most prominent non-fungible token (NFT) platforms. The guilty verdict was reached on the 3rd of May when Nate Chastain was convicted of wire fraud and money laundering. Chastain used insider knowledge to determine which NFTs were about to be listed on the OpenSea platform, making significant profits in the process. While Chastain has not been sentenced as yet, he faces a maximum prison sentence of 40 years. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

A former Coinbase employee was sentenced to two years in prison on Tuesday weeks after pleading guilty to insider trading charges, according to a report from Reuters.

Balaji Srinivasan took his Bitcoin (BTC) enthusiasm to the next level by making a controversial bet on the future price of Bitcoin in March.