Ambrosus to Release Updated Roadmap

Ambrosus is releasing the updated roadmap on February 21, and organizing an AMB Twitter giveaway contest for its active members
20 February 2018   1485

Ambrosus project aims to radically improve the global supply chains by creating a trusted ecosystem where it can reliably record the entire history of products and execute commercial transactions accordingly. Combining high-tech sensors, blockchain protocol and smart contracts, it is building a universally verifiable, community-driven ecosystem to assure the quality, safety & origins of products.

Ambrosus has announced that it is releasing the updated roadmap on February 21, and in order to celebrate the release, it is organizing an AMB Twitter giveaway contest for its active members.

Ambrosus roadmap release and contestAmbrosus updated roadmap release and giveaway contest

Currently, Ambrosus is trading at such exchanges as Binance, Kucoin, Coinrail, HitBTC, Gatecoin, Livecoin and EtherDelta.

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

Average price: $0,790852
Market cap: $114 350 062
24h volume: $19 186 800

CEO AriseBank Admitted to Fraud

Now Jared Rice faces up to 120 years in prison, however, confession may reduce this period to 20 years
22 March 2019   75

AriseBank CEO Jared Rice confessed to deceiving investors for $ 4.2 million in cryptocurrency. The plea agreement filed in the federal court of Dallas, Dallas News кузщкеы.

According to the document, Rice promised investors a "guaranteed return" of up to 20% of the invested funds, as well as opening bank accounts insured by the Federal Deposit Insurance Corporation and Visa-related debit and credit cards, although he did not have agreements with these companies.

The $ 4.2 million received from the ICO Rice spent on his girlfriend, lawyers, as well as on hotels, food and trips by Uber.

It is noteworthy that Jared Rice’s plea for cryptocurrency fraud was one of the first of its kind in the United States.

Now Rice faces up to 120 years in prison. However, confession may reduce this period to 20 years. Also, the organizer of the scheme will have to pay damages to deceived investors.

The final verdict on the case will be delivered on July 11.

Jared Rice was arrested in November 2018 on charges of fraud with unregistered securities and fraud using electronic means of communication. In December, the US Securities and Exchange Commission (SEC) obliged him and Stanley Ford, co-founder of AriseBank, to pay about $ 2.7 million as part of the settlement of the charges.