Cypher is rolling a mobile app out

Cypher v1.0 is going out on June 7 after RC of the app was submitted to App Store and obtain the approval
02 June 2018   507

Developing Cypher platform for the majority of Q1 2018 and after long beta testing, Cypher Mobile v1.0 will be released to the public via App Store on June 7. The initial release will be accompanied with an Airdrop to the community.

Cypher Mobile v1.0 marks the start phase of the project and will serve as the foundation of the complete platform. The features of the app include:

  • Account registration;
  • Official website sync via the app;
  • Terminal assets

Functional access terminals within users' locals with a reward;

  • Beacons

An in-game asset purchased using rewards to produce additional periodical reward;

Native Cypher token (CYR) is tradeable on SouthXChange and Graviex. Cypher is a geolocation game with an integrated cryptocurrency. More details can be found here.

SEC to Slap ICO Founder With $30K Fine

Additionally, David Laurance, founder of Tomahawk Exploration LLC got 2 lifetime bans
15 August 2018   119

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.