Lawsuit Filed Against Nano Developers

Lawsuit against company, formally known as Raiblocks, is filed by US citizen Alex Brola
09 April 2018   922

Lawsuit against the developers of Nano cryptocurrency (formerly Raiblocks) was filed in the New York District Court. This is reported by Cointelegraph.

The suit was filed by US citizen Alex Brola through the law firm Silver Miller. He argues that the Nano developers violated the securities law and were negligent, releasing their crypto currency at the BitGrail exchange, with which about 17 million Nano ($ 187 million at the time of the hacking) were stolen in mid-February.

The plaintiff demands issuing an order that would oblige Nano to conduct a "saving fork" in order to issue a new crypto currency in order to "fairly compensate" the losses of the participants in the claim.

Although the plaintiff in the case is Brola, who bought $ 50,000 worth nanos on December 10, Silver Miller claims that "there are hundreds, if not thousands, of potential participants in the class action" that the company intends to contact during the defendant's review of the plaintiff's materials.

Silver Miller declares itself as "a strong defender of defrauded investors who suffered as a result of the actions of stock exchanges of crypto-currencies and issuers." Currently, the company conducts group suits against such crypto-currency firms as Coinbase, Kraken, BitConnect, Cryptsy, Monkey Capital, Giga Watt and Tezos.

Earlier, BitGrail founder and operator Francesco Firano presented investors with a plan for recovering stolen funds, which can be implemented if they agree not to go to court.

Caspian to Launch Crypto Derivatives Trading

Caspian does not charge commissions for depositing and withdrawing funds and provides leverage up to 100x
21 March 2019   83

Caspian, an asset-oriented asset management platform, has launched cryptocurrency derivatives trading.

Thanks to integration with Deribit, Caspian customers gained access to trading in futures and options for Bitcoin and Ethereum. Also, the platform will provide the opportunity to trade indefinite bitcoin-swap.

According to Caspian, the platform does not charge commissions for depositing and withdrawing funds and provides leverage up to 100x.

We are excited to be working with Deribit to make the trading of crypto options and futures possible within the institutional community. Our goal at Caspian is to provide crypto traders and investors the same standard of tools and service that exist in the traditional markets and its great knowing that the team at Deribit is working towards the same high standards.

Robert Dykes

CEO, Caspian

Caspian noted that their platform connects to Deribit via an API that supports “large trading volumes with extremely low latency”. The platform also has full access to the book of orders of the crypto-derivative stock exchange.