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Draft:Hex (cryptocurrency)

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  • Comment: Sources are either not reliable or not about the cryptocurrency. Nothing suggests this can even meet the verifiability policy much less notability. S0091 (talk) 22:20, 7 December 2023 (UTC)

Hex is a cryptocurrency created by Richard Heart. It was launched on the Ethereum blockchain in December 2019[1] and later forked to another blockchain, Pulsechain, in 2023.[2]

Advertising

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Hex is one of several cryptocurrency projects to engage in mass advertising. In 2020 British newspaper The Economist published a controversial advert about Hex.[3]

Diamond renaming

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In February 2022, British-founded auctioneer Sotheby's sold a one billion year old diamond known as The Enigma for £3.16m. In 2006 it had been named the world’s largest cut diamond by Guinness World Book of Records.[4] Although Sotheby's did not identify the purchaser, Heart claimed that he was the buyer, and that it would been renamed the "HEX.com diamond". [5]

Movie

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A movie about Hex and Heart was released in summer 2023. The Highest of Stakes[6] features Heart along with both fans and critics of himself and Hex. Later the same year it was made available on AppleTV[7] and Amazon Prime Video.

Books

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Several books have been published about Hex.[citation needed]

Lawsuits

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In September 2021, an Arizona resident took legal action against popular website Coinmarketcap, claiming they did not list Hex in its correct location. The case was dismissed in February 2023.[8]

Later that year, the US Securities and Exchange Commission (SEC) charged Heart with raising funds illegally initially for Hex and later for Pulsechain and PulseX.[9]

References

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  1. ^ "SEC.gov | SEC Charges Hex Founder Richard Heart with Misappropriating Millions of Dollars of Investor Funds from Unregistered Crypto Asset Securities Offerings that Raised more than $1 Billion". www.sec.gov.
  2. ^ "PulseChain · GitLab". GitLab.
  3. ^ Brad Michelson [@BradMichelson] (August 2, 2020). "Check out this HEX ad in @TheEconomist. Yikes... 😬" (Tweet) – via Twitter.
  4. ^ McKeever, Vicky (February 10, 2022). "Billion-year-old black diamond bought with cryptocurrency for $4.3 million". CNBC.
  5. ^ "The Enigma: Billion-year-old black diamond sold for £3.16m". February 10, 2022 – via www.bbc.com.
  6. ^ "The Highest of Stakes". www.thehighestofstakes.com.
  7. ^ Moreau, Patrick; Peelle, Grant (August 4, 2023). "The Highest of Stakes - Apple TV". Apple TV.
  8. ^ "Class Action Alleges CoinMarketCap.com, Binance Gamed Rankings to Artificially Suppress Price of HEX Cryptocurrency". www.classaction.org. September 15, 2021.
  9. ^ Stempel, Jonathan (July 31, 2023). "US SEC says Hex crypto founder defrauded investors, spent money on 'Enigma' diamond". Reuters – via www.reuters.com.