All cryptographic systems are secured in bank-grade vaults and datacenters that are protected with 24/7 physical security, highlights the announcement. New York state has led the way in requiring virtual currency businesses to operate according to the law.” According to available documentation, Bitfinex could have used USDT tokens to secretly cover its losses, as investors were never informed. BFX has already securitized + tokenized its future cash flow for their last hack, this is another layer of leverage on top…” Shortly afterwards, Twitter user Zirui posted a tweet, allegedly written by Bitfinex investor Zhao Dong, who has revealed other similar information in the past. Bitcoin SV derived from a hard fork on Bitcoin Cash’s blockchain, existing since November 15, 2018. Previously, Thailand’s regulator, the Securities and Exchange Commission (SEC) of Thailand, expanded its list of cryptocurrencies allowed for ICOs and trading in the country. The changes will go into effect in 45 days, starting June 14, 2019. Last year, ErisX closed a round of financing for Series B, managing to raise over $27 million from such companies as Bitmain, ConsenSys, Fidelity Investments, Nasdaq Ventures, and Monex Group. Last year, Fidelity was considering an idea to expand its custodian services beyond bitcoin (BTC) to other assets in the crypto market. According to the Act, crypto-related providers should comply with the following requirements: reliability of the provider (incl. fit and proper requirements); holding and protecting client money; segregation of client money and own funds; marketing of services; compliance with AML/CFT regulation. The bank had a net loss of $272.7 million in 2018, states the official press release. Earlier, Huobi DM announced its plans to launch Bitcoin Cash contracts. According to local publication The Economic Times, the Indian authorities are reportedly working on the development of a bill aimed at banning cryptos in the country. Britain’s biggest auto manufacturer, Jaguar Land Rover, is examining its own crypto-focused “smart wallet” that will reward car drivers with the IOTA (MIOTA) crypto, Reuters reports. American multinational investment bank and financial services company, JPMorgan Chase & Co. is teaming with Microsoft to make blockchain tech “easier and cheaper” for companies, MarketWatch reports. One of the largest cryptocurrency exchanges KuCoin has introduced a Sub-Account feature. kucoin.com From now, users are able “to create and manage multiple sub-accounts through a KuCoin Master account.” According to the official announcement, the major functions of Sub-Account are: Each Master account is allowed to create up to 100 Sub-Accounts. Cryptocurrency platform backed by crypto mining giant Bitmain, Liquid, has announced the creation of a jointly-owned entity called Liquid Financial USA Inc. (Liquid USA) to expand Liquid’s services into the US market. prnewswire.com The official announcement states that Liquid will enter into the U.S. via its holding company, Liquid Group Inc, founded in March 2019.