Gulden to release Proof-of-Word-and-Witness algorithm

PoW^2 along with SegSig and Sonic are to be released on June 28 by Gulden to improve network security and transaction speed
26 June 2018   275

Gulden is ready to launch its improved PoW^2 algorithm on June 28. It is claimed to greatly increase the Gulden blockchain security and allows to earn Gulden by participating as Witness. Along with the algorithm, a Segregated Signature concept is also implemented along. The concept is going to improve space consumption on the blockchain of the most transaction types.

Last but not least - Sonic, will allow new users to use Gulden wallet within a matter of minutes without long synchronization wait. The development progress of the PoW^2, SegSig and Sonic can be traced here. Gulden is a blockchain-based payment system that allows users to send money to each other, wire it to any IBAN account, pay at Gulden merchants and get a return. At the moment of publication, Gulden (NLG) market indicators are as follows:

Average price 0.069090 USD
Market cap 27,630,832 USD
Volume (24H) 98,686 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.