Adel Swaps to Ethereum Ecosystem

ADL swap from the Nxt ecosystem to the Ethereum ecosystem is scheduled to occur on February 15, 2018
15 February 2018   483

Adel is a global cryptocurrency community that offers its own economic ecosystem as a community-powered startup incubator with the Adelphoi coin. It focuses on creating, developing, and implementing use cases involving blockchain technology.

Back in November, the Adel community voted to migrate one of their tokens (ADL) from the Nxt ecosystem to the Ethereum ecosystem. The Swap is scheduled to occur on February 15, 2018.

Moreover, the Adel team has issued a special guide on how to create an Ethereum wallet and move users' coins from Nxt. 

ADL to Ethereum Swap exampleAdel to Ethereum Swap Example

As for the exchange listings, Adel team reported working on getting ADL Ethereum on several top exchanges and stated that it would keep the community posted through social channels announcements.

At the moment of press, these are main market parameters of ADL token:

Average price: $0,086525
Market cap: $2 030 927
24h volume: $1 966

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Centra Tech Inc. Co-Founder accused With Fraud by SEC

The US Securities and Exchange Commission (SEC) has charged Centra Tech Inc. co-founder, Raymond Trapani with ICO fraud  
25 April 2018   77

The charge came as the result of the SEC’s investigations into Centra’s controversial $32 million USD initial coin offering (ICO). Mr. Trapani is the third and final Centra co-founder to be accused for taking part in the ICO.

Raymond Trapani, a co-founder of Centra Tech Inc., has been charged by the SEC for his participation in “a fraudulent scheme connected with Centra’s 2017 ICO.” In 2017 Centra made headlines after enlisting celebrity approval from Floyd Mayweather and DJ Khaled. Two other firm`s co-founders, Sohrab “Sam” Sharma and Robert Farkas, were charged by officials earlier this month for their engagement  in the distribution of “CTR Tokens” to investors.

A changed variant of the SEC’s complaint demands that Trapani was the “mastermind of Centra’s fraudulent ICO,” with an SEC press release alleging that “Centra [was] marketed with claims about nonexistent business relationships with major credit card companies, fictional executive bios, and misrepresentations about the viability of the company’s core financial services products.” The SEC accuses Mr. Trapani and Mr. Sharma of “manipulat[ing] trading in the CTR Tokens to generate interest in the company and prop up the price of the tokens.”

We allege that the Centra co-founders went to great lengths to create the false impression that they had developed a viable, cutting-edge technology. 
Robert Cohen, Chief, SEC Enforcement Division’s Cyber Unit

 

The SEC has disclosed a text mail sent to Mr. Farkas and Mr. Trapani from Mr Sharma in what Mr. Sharma said to his colleagues “[w]e gotta get that s[***] removed everywhere and blame freelancers lol.” Mr. Trapani also demanded that Mr. Sharma “cook [him] up” a fraudulent document whilst the company was seeking to get CTR tokens listed on exchanges under misleading pretexts. Mr. Sharma replied to the request with “Don’t text me that s[***] lol. Delete.”

At the same time, the U.S. Attorney’s Office for the Southern District of New York has also looked for criminal accusations against Trapani. The SEC has revealed that text messages  jointly used between Centra’s co-founders discovered the scam purposes of the defendants.