SEC Halts Crypto Stock Over Manipulation Concerns

The trading freeze of the Crypto Company will last until January 3
20 December 2017   1392

Yesterday the U.S. Securities and Exchange Commission (SEC) published a notice, stating that it was freezing stock trading for The Crypto Company, which is based in Malibu, California, and offers consulting and investment services around cryptocurrencies.

According to the notice, the SEC said that it was moving to pause trading because of concerns over some of the information published by the company, as well as plans (outlined in public filings) regarding the sale of shares by "insiders." The trading freeze will last until January 3.

The Commission temporarily suspended trading in the securities of The Crypto Company because of concerns regarding the accuracy and adequacy of information in the marketplace about, among other things, the compensation paid for promotion of the company, and statements in Commission filings about the plans of the company's insiders to sell their shares of The Crypto Company's common stock. Questions have also arisen concerning potentially manipulative transactions in the company's stock in November 2017.

 

The U.S. Securities and Exchange Commission

The Crypto Company has seen its stock soar in the past weeks. The price is up more than 1,800% in the past month, with a market capitalization in excess of $11 billion.

Recently, the Crypto Company disclosed a private stock sale to accredited investors at $7 per share, a 97% discount to closing price of $223.

Lightning Desktop App to be Launched in BTC Mainnet

The application, which is based on the lightweight Neutrino client, is available for the macOS, Windows and Linux, however, it's oriented fro test environment
24 April 2019   148

Lightning Labs, a leading developer of solutions for the Lightning Network, announced the launch of its desktop wallet in the main Bitcoin network. An application that was previously tested in a test network is available in the alpha version.

The application, which is based on the lightweight Neutrino client, is available for the operating systems macOS, Windows and Linux, however, as the developers emphasize, is still oriented primarily to the test environment. At the same time, more advanced users can also experiment with the wallet interface and get access to their funds.

Lightning App Desktop Version Screenshot
Lightning App Desktop Version Screenshot

The Neutrino client allows non-custodial Lightning wallets to verify Bitcoin transactions without the need to synchronize with the full version of the blockchain.

The new release includes such a function as displaying a single balance, which will allow users to see the cumulative number of coins both in the network base and in the payment channels by percentage.