Genaro Eden About to be Released

The latest version of Genaro Eden project will go live on March 31, 2018
27 March 2018   1159

Genaro Network provides blockchain developers with a one-stop solution to deploy smart contracts and store data simultaneously, and also it aims to provide everyone with a trustworthy internet and a sharing community. As the creator behind the blockchain 3.0 concept, Genaro strives to contribute to blockchain infrastructure technology development.

Genaro Network has announced that the latest version of its project Genaro Eden will be released on March 31, 2018. Genaro Eden is the first Genaro Application, which already has Mac and Linux/Unix versions released in beta. The GitHub repo is also available. Moreover, the beta version of Genaro Eden Sharer is also launched for the users to share unused space and earn GNX as reward.

The main functions of Genaro Eden:

  • Basic management, including hard disk management and hard disk points management, detailed view of the information about the management of hard disk and modifications
  • Capacity statistics, possibility to count the capacity of the remaining hard disk
  • System management, ability to manage related rental hard disk space points income

Talking about the usage of Genaro Eden, the users can use it as a private and permanent cloud storage platform as it can give society a sustainable solution in which everyone has a chance to gain from blockchain technology. It is possible to track the uploaded file, customize its security level, and share space in order to get rewards.

The users who stored their files in Genaro Eden are recommeded to backup them before the latest version is released in order to avoid losing the files.

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.