BANCA platform to release CoinAI

A cryptocurrency community platform BANCA is rolling out CoinAI on May 31 for crypto forecast modelling
21 May 2018   651

BANCA is a new type of cryptocurrency based community platform that manages the community with big data and AI technologies. The platform has announced the launch date of its seed application CoinAI on May 31.

The application will be of Alpha version. It is going to provide quantitative predictions for digital tokens made available on Secondary Market Division. Also, the application will allow thorough analysis of digital tokens, reveal inherent risks and model future trends based on AI and big data smart beta market timing models.

CoinAI in-depth analysis tool

At the moment of publication, BANCA market parameters are as follows:

Average price 0.004581 USD
Market cap 53,589,823 USD
Volume (24H) 1,886,760 USD

SEC to Slap ICO Founder With $30K Fine

Additionally, David Laurance, founder of Tomahawk Exploration LLC got 2 lifetime bans
15 August 2018   118

The US Securities and Exchange Commission (SEC) on Tuesday reported that it has issued two new bans directed against David Laurence, the founder of Tomahawk Exploration LLC. Tomahawk allegedly stands behind fraudulent ICO, writes CoinDesk.

Laurence, according to the SEC, raised funds through the sale of Tomahawkcoin tokens, in the process of using misleading advertising materials and fraudulent statements that it is a tenant of drilling sites.

Moreover, the sale of Tomahawkcoin tokens, according to the SEC, was accompanied by a false promise that "the holders of tokens will be able to exchange Tomahawkcoin for shares and receive a potential profit from oil production and secondary tokens trading."

According to the SEC, Lawrence neither acknowledged nor denied the charges, but he and his company agreed to these bans, as well as a fine of $ 30,000.

...Tomahawk issued tokens as part of the Bounty Program to generate interest in the ICO, which benefited Tomahawk. Distribution of tokens that are securities in exchange for promotional services to advance the issuer's economic objectives or create a public market for the securities constitute sales for purposes of Section 5 of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder.
 

SEC

The first prohibition of the SEC is a ban on the director's work in public companies, and the second does not allow Lawrence to own and trade in so-called "penny" shares. Both prohibitions, according to the announcement of the SEC, are lifelong.