Ambrosus to Release Private Alpha Network

Private alpha network run of Ambrosus will be held on February 14 on Hackathon at ETH Zurich (BIOTS) specifically  for the program participants
15 February 2018   1578

Ambrosus aims to build a universally verifiable, community-driven ecosystem to assure the quality, safety and origins of products, combining high-tech sensors, blockchain protocol and smart contracts.

In the beginning of February, Ambrosus has announced that it will be the sponsor and mentor at the upcoming BIOTS 2018, which will be held at the Swiss Federal Institute of Technology, ETH Zurich from 12 to 16 February 2018.

Ambrosus NetworkAmbrosus Network Demo

Blockchain and IOT School Hackathon will bring together students from both ETH Zurich and all over the world to learn, and build demonstration pilots over three major verticals: Energy, Agriculture and Urban Life.

Angel Versetti, the Chief Executive Officer at Ambrosus, reported that the AMB-NET is now ready for early public tests after months of hard work. The private Alpha Network run will be held on Hackathon at ETH Zurich only for program participants on February 14, 2018.

The public release of AMB-NET Alpha is planned for 26 February 2018.

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

Average price: $0,558009
Market cap: $80 683 065
24h volume: $1 167 900

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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.