Kyber Network Main Net Platfrom Launched

The Kyber Network main net pilot will be open for public from February 11 and will run until April 2018
11 February 2018   1321

KyberNetwork is a system which allows the exchange and conversion of digital assets, providing payment APIs and a new contract wallet that should allow users to receive payments from any token, and mitigate the risks of price fluctuations in the cryptocurrency world with the derivative trading.

Kyber Network’s mainnet pilot will be released on February 11 of 2018. As it was stated in the Medium blog of Kyber Network, only KGT holders   will have access to the platform which will be deployed on the Ethereum mainnet. Later, a few thousands of non-KGT holders will be allowed to join the pilot launch on a request basis.

The platform will be fully opened to the public in April. Users will be able to use Kyber Network’s wallet and trade on the platform. Our exchange will start by listing at least 10 tokens, with more to be added in the near future.

Loi Luu

CEO and co-founder, Kyber Network

After the first mainnet launch and adding support for trading between tokens and ETH, Kyber Network has the following plans for 2018: to add support for trading arbitrary token pairs and advanced financial instruments. Moreover, it plans to start supporting cross-chain trading by the beginnig of 2019.

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   150

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.