Sirin Labs Users informed about the Hack of SRN Holder

The producer of a mobile phone with military-grade security, Sirin Labs has claimed on its Telegram channel that a major SRN token holder was hacked
14 June 2018   798

SRN is a token which raised ‎$157.8 million and has become the fourth largest ever at that time. Currently, according to coinmarketcap.com, SRN has a market capitalisation of $44.2 million. 

Sirin Labs is a blockchain firm that deployed a mobile phone with military-level security called Solarin. The phone retails at $14,000 in the US. The appliance is unique as it features a switch that  encrypts all communications, and it comes with a concierge service which monitors the state of the device.

We look at the newest and the most advanced technology and incorporate [it] into a new phone. That costs a lot of money.
Tal Cohen
Chief Executive, Sirin Labs

Announced in February 2018, The FINNEY line of devices will be launched on the Sirin operating system and come pre-integrated with the cryptocurrency of Cardano, ADA. They are processed by the Tangle, that is the network of a company called IOTA. The devices were developed in the collaboration with a Japanese company Emurgo. 

Sirin Labs informed its subscribers in their Telegram channel:
A large SRN token holder just informed us that his wallet was hacked, which might explain the issues surrounding the token. Please ensure you’re taking all necessary precautions to protect your wallets.
Sirin Labs
in Telegram

Above 40 percent of SRN tokens are concentrated on a Las Vegas-based cryptocurrency exchange - Bittrex, according to Cryptovest. As reported, the hack has so far not been not been widely considered as yet.

PwC to Represent Crypto Analysis Tool

Halo aims to provide warranty services to cryptocurrency transactions, in particular, the solution helps to create independent evidence for private-public key pairs
20 June 2019   81

One of the world's largest consulting firms, PricewaterhouseCoopers (PwC), announced the launch of an updated audit solution that supports cryptocurrency assets. This is stated in the press release of the company.

A tool called Halo aims to provide warranty services to cryptocurrency transactions. In particular, the solution helps to create independent evidence for private-public key pairs, which is one of the elements necessary for establishing cryptocurrency ownership rights.

In addition, Halo can collect information about transactions and balances on the blockchain.

As noted in the statement, the decision can be used by companies for which PwC is not an auditor. The initiative should help them try new opportunities and solve problems related to the blockchain and cryptocurrencies.

Currently, PwC can use the updated tool to provide warranty services to customers operating Bitcoin, Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond, LiteCoin, Ethereum, Ripple (XRP), as well as the ERC-20 OAX token.

PwC has been showing quite a strong interest in the cryptocurrency industry for several years now. So, in 2017, the company began accepting payments in Bitcoins, and last year began to develop new standards for the ecosystem of digital assets and stablecoats.