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Paxtradings Crypto Minute: June 20, 2018

PAX Trading > Crypto Minute > Paxtradings Crypto Minute: June 20, 2018

Prometheum Partners With Manorhaven Capital

Prometheum aims to issue, trade, clear and settle various security tokens on its platform. Now, according to MarketWatch.com, Prometheum has partnered with the capital firm Manorhaven, a broker dealer who will assist in the execution of Prometheum’s goal of being the first “legal” ICO trading platform.

There are very few, if any, current laws surrounding the buying and selling of ICOs, but many see this crypto-asset being subject to regulatory pressure in the future. Prometheum aims to provide a safe-haven for ICOs to raise funds through the new Reg A+ offering. The company is filing for its own Reg A+ token offering, Ember, which will act as the base currency for the platform. Aaron Kaplan, Cofounder and COO of Prometheum, mentioned they will allow ICOs to trade on their platform even if they do not complete the Reg A+ offering, as long as they have listed and issued compliantly.

$42 Million Mansion In Rome Up For Auction… In Cryptocurrency

According to the outlet Bitcoinist, a 17,000 square foot Roman mansion is up for auction in cryptocurrency. Once belonging to a collaborator of Michelangelo’s, Giacomo Del Porto, the 16th century “Palazetto” mansion in Rome, Italy has 5 floors, 11 bedrooms, 3 kitchens and 15.5 baths. The mansion also houses a gym, spa, movie theater and entertainment room. The seller is Hilton & Hyland, a company by Rick Hilton, who will accept Bitcoin, Ethereum, or Ripple as payment. This cryptocurrency-friendly auction comes just as a famous Silicon Valley based Menlo Park jeweler begins accepting cryptocurrency.

South Korean Exchange Bithumb Hacked

$30 million was allegedly stolen from the South Korean cryptocurrency exchange Bithumb, and now the South Korean Ministry of Science and Technology (MIC) is launching an investigation, as reported by CoinTelegraph. The MIC said they have investigated the security levels of 21 cryptocurrency exchanges and found that 12 had no security installed whatsoever. The hack took place on the night of June 19th according to Sentinel Protocol, only three days after Bithumb moved large amounts of Ethereum into their cold storage wallet after seeing strange server access reports. The exchange has said that it will pay back users affected by the hack.

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