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   2480

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

Gladius to Register Token as Security & Refund Investors

Startup self-reported in SEC on unregisted securities offering and cooperate with Commission, so it won't be fined
21 February 2019   63

Cryptocurrency startup Gladius Network LLC has informed the US Securities and Exchange Commission (SEC) about the sale of unregistered securities. On February 20, the SEC filed relevant charges.

During the ICO, the Gladius project raised $ 12.7 million in cryptocurrency equivalent for the development of a network for leasing computing facilities to protect against cyber attacks. The SEC stressed that the startup did not register their tokens as securities, as required by federal law, and did not agree to exclude them from the rules in the legal manner.

Moreover, tokensale was held after the publication of the SEC report on the situation with The DAO, in which the regulator stated that ICO can offer securities.

The press release says that Gladius contacted the SEC in the summer of 2018 and expressed interest in cooperating with the investigation. Thus, the agency refused to levy a fine, because the startup voluntarily agreed to return the funds to investors who require it and register the token in accordance with the provisions of the Securities Act of 1934.