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NANO all set to release V16.1, addresses issues with iOS TestFlight

Shahrain KM

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NANO all set to release V16.1, addresses issues with iOS TestFlight
Source: Unsplash

On 25th September, Nano, a digital currency, posted its weekly update on Twitter, outlining the advancements made to NANO V16.1, issues users have faced with the iOS TestFlight build and other community projects that were taken up by the platform.

Since NANO had started facing syncing issues with v16.0 in the past couple of weeks, many users had downgraded to v15.2 which the platform maintains is a stable version of their network. The development team is presently in the closing stages of testing and fixing bugs for V16.1 so that it can be ready for deployment.

NANO stated that a set of users have been testing the latest V16.1 on the Mainnet and betanet, and the platform believes that the version is staying in sync. Furthermore, the team has stated that users have found a bug that causes nodes on the network to momentarily lose their peer count.

NANO on their official Medium blog addressed some reports by users wherein they complained that the iOS TestFlight build had expired. Additionally, customers reported that the iOS had not updated to the version that is in the App Store at present, due to which they are unable to access their wallets.

However, the development team has assured users that they will release an update in the middle of October so that the rest of the users on the iOS TestFlight can copy their seed. This action would allow users to use the application once it goes live as the beta version is not supported at present.

A Twitter user Bakusatsu_o commented:



 “Thank you for the transparency of development.”

A Redditor named sraymansmoles said:

“Looking forward to the v16.1 release! Thanks for the update and also appreciate the response with helping users still on the iOS TestFlight version!”

Another Redditor named TheGreatMacsby added:

“Community development (love the new wallets. Very sleek) and the work ethic of the team continue to astound me.”





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Shahrain KM is a writer at AMB Crypto. Her curiosity in Blockchain technology and Cryptocurrencies has led her to be a part of the news reporting team of AMB Crypto. She does not hold value in any cryptocurrencies currently.

Altcoins

FLiK case: Utility tokens take another hit in case allegedly involving Rapper TI, claims prominent lawyer

Priya

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Source: Unsplash

Stephen Palley, a prominent lawyer at Anderson Kill, spoke out about the FLiK token case via his official Twitter handle. Notably, unlike most tokens in the space, FLiK made headlines because of its celebrity backing.

Towards the end of last year, it was reported that the US Rapper Clifford Joseph Harris Jr., who goes by the stage name T.I. and T.I.P., was sued for $5 million over the alleged failure of the token promoted by him and his partner, Ray Felton. The rapper was being sued by a group of 25 individuals who claimed that that they invested around $1.3 million in the tokens.

Additionally, there were allegations that the rapper used the raised money to increase the token’s value, following which the duo sold their holdings after the coin crashed. Other well-renowned celebrities such as Kevin Hart and Mark Cuban were also reportedly associated with this project.

On the recent developments surrounding the case, Stephen Palley stated,



“Utility tokens” take another hit in case allegedly involving rapper TI. Court says FLiK ICO tokens = securities under Howey Test, for motion to dismiss purposes. That they offered some functionality ≠ relevant given buyers’ expect of profits solely from efforts of others. 1/4″

Source: Twitter

Source: Twitter

Source: Twitter
The lawyer further stated that,”use of funds” was already determined by the defendants, “per the FLiK token whitepaper.” He went on to state that there was a time problem, adding that Federal Law rules that “unregistered sale” of security tokens were supposed to be reported within 12 months after the violation.

The lawyer concluded by tweeting,

“ps — form was never going to be exalted over substance, so none of this is a huge surprise. Also, this is a ruling on Rule 12(b)(6) motion to dismiss so the Court takes the allegations as true for purposes of ruling. The merits still have to be litigated.”





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