Bounty0x Alpha 2.0 to be Deployed in Feb'18

Bounty0x network announced that the new version of the platform will be released on February 15 of 2018
08 February 2018   709

Bounty0x is a decentralized bounty hunting platform enabling users to manage bounty programs, and bounty hunters to receive payment for completing bounty tasks. The Bounty0x Alpha which has already been released currently has more than 2,500 active Bounty Hunters.

Pascal Thellmann, the co-founder of Bounty0x has reported that the team is currently completely redesigning the Alpha platform to match the look of the home page.

Alpha 2.0 will also have UX improvements and such features as:

  • Complete platform redesign to match look of homepage
  • Integrated social media automation
  • Enhanced Bounty Host dashboard with bounty campaign stats
  • Automated reward distribution
  • Bug fixes

The Alpha 2.0 will be deployed on Feb 15 of 2018, and, apart from that, the team of Bounty0x announced that the saking mechanism v0.1 will go live in Q2 2018 along with the Beta platform.

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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   56

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.