SEC charges Rivetz over $18M ICO, seeks the return of 'ill-gotten gains'
The SEC alleged that some of the proceeds from the offering were used to give the founder a bonus of $1 million and a loan of $2.5 million which he used to purchase a house in the Cayman Islands. The United States Securities and Exchange Commission (SEC) has charged Rivetz over an alleged illegal securities offering that fetched around $18 million.Rivetz was founded in 2013 and the now-defunct blockchain hardware firm has been accused of generating $18 million via an unregistered securities offering between July and September of 2017 from more than 7,200 investors. The SEC’s Sept. 8....
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A common concern of prospective bitcoin users is the fear that hackers will get a hold of their devices and take all of their money. The possibility is very daunting. Many developers and companies, however, have rallied around providing powerful cybersecurity in the Bitcoin space. Rivetz, a provider of security services that protects private keys and encryption for any Bitcoin Wallet or distributed app, is aiming to quell these concerns — all while enabling proper protection of the users PIN and password.
A security technology startup is aiming to grab a share of the growing mobile payments market through a blend of hardware-isolated security and bitcoin. Rivetz develops software that, when released later this year, intends to leverage secure hardware environments embedded in Android-enabled smartphones to manage private keys for mobile bitcoin wallets. The company has partnered with several companies including mobile security firm Trustonic, identity computing solutions provider Intercede and BitPay. The app will be available to users in the second quarter of this year, and according to....
A new secure mobile payment solution for Android will be showcased at the Mobile World Congress, March 2 - 5 in Barcelona, Spain. The new payment app developed by Rivetz and other partners - an Android alternative to Apple Pay with Bitcoin support - will be available in the second quarter of 2015 and is compatible with over 350 million existing Android devices, including Samsung smartphones. Demonstrations on a Samsung Galaxy 4 smartphone will be held daily at the Samsung partner booth (Hall 8.1), Trustonic booth (Hall 7, Stand 7G81), and at the Intercede booth (Hall 7, Stand 7B81). "We....
In a significant development, the US Department of Justice (DOJ) is reportedly pursuing a resolution with Binance, the world’s largest cryptocurrency exchange by trading volume. According to Bloomberg, negotiations between the two parties include the potential for Binance founder Changpeng Zhao, also known as CZ, to face criminal charges as part of the agreement. The […]
Arrested by the FBI earlier today, 24-year-old Spence also faces civil charges of fraud that look to bar him from future trading. For Jeremy Spence, also known as "Coin Signals," the news just gets worse.The Commodity Futures Trading Commission has unveiled civil fraud charges against Spence for his investment scheme, which allegedly suckered investors out of over $5 million worth of Bitcoin (BTC) based on false or misleading statements.As Cointelegraph reported, the Department of Justice arrested Spence earlier today on charges of wire fraud and commodities fraud that have maximum....