AION rose 80% within half an hour after listing on Binance

AION token price was quite steady until it was listed on Binance after what the price almost immediately surged 80% 
21 December 2017   1685

One of the most famous cryptoexchanges in the world, Binance, announced on December 21 that it has listed AION token on the platform. The Aion project is building a network to bring disparate blockchains together into an interoperable ecosystem where transactions and state changes can be witnessed and transmitted across blockchains.

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

  • Average price: $5,28
  • Marketcap: $315 768 355
  • 24h volume: $4 738 940

SEC to oblige AriseBank to Pay $2.7M

In November, FBI agents arrested project's founder Jared Rice
13 December 2018   87

The US Securities and Exchange Commission (SEC) ordered the founders of the AriseBank cryptocurrency project, Jared Rice and Stanley Ford, to pay about $ 2.7 million as part of the settlement of fraud charges. It is reported by CoinDesk.

The founders of the project accused of fraud must pay about $ 2.3 million to return the illegally obtained profits, and $ 68,423 as compensation for the percentage of the pre-trial costs. Jared Rice and Stanley Ford are also required to pay $ 187,767 each as a fine.

In addition, they agreed to a lifelong suspension from management positions in public companies and from participation in the distribution of securities. Jared Rice and Stanley Ford did not reject their guilt, but did not agree with the accusation.

In January the SEC, through a court, obtained the suspension of the ICO project AriseBank. In November, FBI agents arrested Jared Rice. He is accused of frauds with unregistered securities and fraud using electronic means of communication.