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   470

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.

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Centra Tech Inc. Co-Founder accused With Fraud by SEC

The US Securities and Exchange Commission (SEC) has charged Centra Tech Inc. co-founder, Raymond Trapani with ICO fraud  
25 April 2018   56

The charge came as the result of the SEC’s investigations into Centra’s controversial $32 million USD initial coin offering (ICO). Mr. Trapani is the third and final Centra co-founder to be accused for taking part in the ICO.

Raymond Trapani, a co-founder of Centra Tech Inc., has been charged by the SEC for his participation in “a fraudulent scheme connected with Centra’s 2017 ICO.” In 2017 Centra made headlines after enlisting celebrity approval from Floyd Mayweather and DJ Khaled. Two other firm`s co-founders, Sohrab “Sam” Sharma and Robert Farkas, were charged by officials earlier this month for their engagement  in the distribution of “CTR Tokens” to investors.

A changed variant of the SEC’s complaint demands that Trapani was the “mastermind of Centra’s fraudulent ICO,” with an SEC press release alleging that “Centra [was] marketed with claims about nonexistent business relationships with major credit card companies, fictional executive bios, and misrepresentations about the viability of the company’s core financial services products.” The SEC accuses Mr. Trapani and Mr. Sharma of “manipulat[ing] trading in the CTR Tokens to generate interest in the company and prop up the price of the tokens.”

We allege that the Centra co-founders went to great lengths to create the false impression that they had developed a viable, cutting-edge technology. 
Robert Cohen, Chief, SEC Enforcement Division’s Cyber Unit


The SEC has disclosed a text mail sent to Mr. Farkas and Mr. Trapani from Mr Sharma in what Mr. Sharma said to his colleagues “[w]e gotta get that s[***] removed everywhere and blame freelancers lol.” Mr. Trapani also demanded that Mr. Sharma “cook [him] up” a fraudulent document whilst the company was seeking to get CTR tokens listed on exchanges under misleading pretexts. Mr. Sharma replied to the request with “Don’t text me that s[***] lol. Delete.”

At the same time, the U.S. Attorney’s Office for the Southern District of New York has also looked for criminal accusations against Trapani. The SEC has revealed that text messages  jointly used between Centra’s co-founders discovered the scam purposes of the defendants.