HPB to launch its acceleration engine

High Performance Blockchain project will be launching the Blockchain Offload Engine acceleration engine on July 1 and hold a Node Ecosystem Meetup
28 June 2018   354

High Performance Blockchain project is organizing a launch event for its Blockchain Offload Engine (BOE) acceleration engine with a Node Ecosystem Meetup at Shanghai Dongfang Wanguo Conference Center on July 1. BOE is the core of the project's hardware technology and consists of the BOE hardware, the BOE firmware and system software. It is a heterogeneous computing system that achieves achieves high-performance and high-concurrency computing acceleration by utilizing CPU serial processing and FPGA/ASIC parallel processing.

HPB is going to unveil the hardware and architecture with the introduction of the BOE acceleration engine. The project is the world's first blockchain project that solved TPS congestion issues by incorporating hardware and software. It relies on its research & development department and provides a chip-level acceleration engine with a strong emphasis on the open-source development of the blockchain technology. Price-wise, High Performance Blockchain (HPB) parameters are as follows:

Average price 2.06 USD
Market cap 61,237,322 USD
Volume (24H) 7,529,860 USD

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.