Crypto Businessman Disappears with Collapse of First Greek Crypto 0 15

Canadian Tax Authority Seeks Court’s Order To Obtain Users’ Information From Crypto Exchange

The man heading the company that launched what came to be known as the first cryptocurrency in Greece has allegedly disappeared this month after causing the price of the coin to go down. For about two weeks, the executive remained off the radar before he informed the press that he would return soon. Moreover, he rejected the accusations against him of causing the price of the cryptocurrency to crash. Sponsoring a basketball team in Greece and having a number of business interests, Vangelis Tsapas vanished suddenly in the beginning of November. This ended up upsetting investors who had put their money in a crypto he had launched.

The Hellenic Coin (HNC) had a price of $1.20 on November 8th, but his disappearance caused the price of the crypto to plunge to a value below $0.34 at the time of writing. This was after the cryptocurrency’s price had reached an all-time high on June 14th, 2021 that brought it to $4.84. There were speculations that Tsapas had sold his entire HNC stash, which had resulted in the fall in price. However, he denied this accusation. A group of finance experts and blockchain developers had launched coin back in 2015 and it was advertised as the ‘first Greek cryptocurrency’. 

The coin was under the management of a company named HNC Revolution and Tsapas had been serving as its CEO before the entrepreneur tendered his recent resignation. The coin had been developed as a payment instrument as well as an investment vehicle. The purpose was to use the cryptocurrency for facilitating transactions for the tourism industry in Greece and people all around the world had bought the coin. The disappearance of the crypto businessman not only raised concerns amongst the HNC Coin holders, but was also alarming for other players and staff at the club named Nikaias B.C. as well because he has been lending them financial support.

His other interests include shipping and catering and reports indicate that Qatar’s prime minister is also angry with Tsapas. This is because his company was hired for managing Al Mirqab, the superyacht owned by Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani. However, as it turned out, Tsapas had not paid any wages to the crew. Once he stopped answering his phone, the HNC Coin had begun losing its value, but he rejected allegations of causing the drop in the cryptocurrency’s price by selling his own coins. 

The ‘phantom’ businessman said that he had actually given away his Hellenic crypto free of charge and said that the ‘noise’ was caused by his close associates. He also announced that he would be returning to his business obligations soon. He insisted that media reports were responsible for the plummeting price and that his absence hadn’t played a role in it. He further added that he was speaking to a new management team for ensuring the cryptocurrency’s viability. Meanwhile, he has been refused by the current leadership of the HNC Coin and the public has been informed that he is no longer at the helm of the project. 

Previous ArticleNext Article

Leave a Reply

Your email address will not be published. Required fields are marked *

MELT, GTC, PAL, and more Cryptocurrencies among Highest Gainers in Past 24-hours 0 16

In the list of highest gaining cryptocurrencies, the cryptocurrency on the top is Defrost Finance (MELT). In the past 24-hours, MELT has observed a 192.83% surge in its price, surging it all the way up to $11.97 per MELT. Similar to the price surge in the past 24-hours, MELT’s trading volume in the past 24-hours has increased to $1,177,520. MELT is currently the 3220th largest cryptocurrency in the crypto-verse in terms of its $1,401,512 market valuation.

The next cryptocurrency coming after Defrost Finance is Gitcoin (GTC). In the past 24-hours, GTC has observed a 171.08% surge in its price, surging it all the way up to $25.56 per GTC. Similar to the price surge in the past 24-hours, GTC’s trading volume in the past 24-hours has increased to $1,199,791,917. GTC is currently the 264th largest cryptocurrency in the crypto-verse in terms of its $363,625,405 market valuation.

The next cryptocurrency coming after Gitcoin is PlayAndLike (PAL). In the past 24-hours, PAL has observed a 168.43% surge in its price, surging it all the way up to $0.0000016 per PAL. Similar to the price surge in the past 24-hours, PAL’s trading volume in the past 24-hours has increased to $52,540. PAL is currently the 4780th largest cryptocurrency in the crypto-verse in terms of its $144,015,382,197 market valuation.

The next cryptocurrency coming after PlayAndLike is Elonomics ($ELONOM). In the past 24-hours, $ELONOM has observed a 131.06% surge in its price, surging it all the way up to $0.02629 per $ELONOM. Similar to the price surge in the past 24-hours, $ELONOM’s trading volume in the past 24-hours has increased to $212,424. $ELONOM is currently the 3934th largest cryptocurrency in the crypto-verse in terms of its $26,633 market valuation.

The next cryptocurrency coming after Elonomics is ICE ROCK MINING (ROCK2). In the past 24-hours, ROCK2 has observed an 85.68% surge in its price, surging it all the way up to $0.01744 per ROCK2. Similar to the price surge in the past 24-hours, ROCK2’s trading volume in the past 24-hours has increased to $67,982. ROCK2 is currently the 2229th largest cryptocurrency in the crypto-verse in terms of its $274,300 market valuation.

The next cryptocurrency coming after ICE ROCK MINING is India Coin (INDIA). In the past 24-hours, INDIA has observed a 128.93% surge in its price, surging it all the way up to $0.0000006419 per INDIA. Similar to the price surge in the past 24-hours, INDIA’s trading volume in the past 24-hours has increased to $452,332. INDIA is currently the 3571st largest cryptocurrency in the crypto-verse in terms of its $3,975,380 market valuation.

Even more cryptocurrencies are joining the ranks of top gainers and among these cryptocurrencies are KING, ALLBI, HIKO, and many more.

Crypto.com is Now First-Ever Exchange that is now Adhering to SOC 2 Standards 0 17

As per the latest reports, Crypto.com has made an announcement in regards to acquiring a new certification. Crypto.com, one of the most popular cryptocurrency exchanges has announced that it is now in full compliance with the SOC 2 standards. Crypto.com is based in Singapore and it has a global user base.

The exchange has announced that it has successfully acquired the SOC 2 certification after a successful audit. The exchange has announced that it had Deloitte carry out the audit prior to granting certification.

Deloitte is a global consulting firm that has been around since 2015, is based in the United Kingdom. It is spread all over the world, currently providing its services in over 150 countries.

The SOC is reportedly a traditional finance standard that is known all over the world. With the acquisition of the SOC 2 certification, Crypto.com has become the first-ever cryptocurrency exchange to have acquired this recognition.

The SOC 2 certification is granted to traditional financial institutions that are considered highly trustworthy in the financial sector. Prior to the granting of the certification, the operations, policies, and information practices of the company are audited and attested. If the particular company is able to pass all the audits successfully, it is granted the SOC 2 certification.

After the acquisition of the SOC 2 certification, Crypto.com has now become the securest and most trustworthy trading platform or cryptocurrencies. The exchange has even earned the title of being the only cryptocurrency exchange that is now SOC 2 certified.

With the acquisition of the SOC 2 certification, Crypto.com has set a new standard that every major exchange would want to achieve. This will increase the standards of the regulatory framework within the cryptocurrency industry. Now, the major exchanges will be competing with each other in order to acquire the SOC 2 certification.

It is being expected that with the acquisition of the SOC 2 certification, Crypto.com will be able to attract a tremendous number of users.

With the SOC 2 standard in its grasp, the exchange can confidently claim to be offering the most reliable services to users. The exchange can offer high regulatory compliance, privacy, and security to the users.

The CEO and co-founder of Crypto.com, Kris Marszalek, talked about the recent achievement of their company. He stated that with the acquisition of the SOC 2 certification, they are able to prove to the world how well their exchange has been working.

Their exchange has finally achieved a new goal, which is going to increase the competition within the crypto-verse. With the new certification, they are now able to offer a lot more to the users than any other exchange.

Editor Picks

Ready To Invest in Bitcoin? - Top 4 Bitcoin Trading Brokers‎ Read More
Skip to content