Kyber Network is updating to v2.0

Kyber Network is preparing for the launch of v2.0 on June 8 with a special event in Singapore to celebrate the update
05 June 2018   656

Kyber Network is rapidly advancing towards v2.0 scheduled to roll out on June 8. There will be a special event at JW Marriott in Singapore. Rebranding event is going to be accompanied with IEO launch ( a brand new service to facilitate ICOs for both businesses and end-users ).

The Kyber Network will feature the following:

  • an exchange;
  • a reserve support

for when there is a minimal ether balance on centralized exchanges;

  • redesigned user dashboard

it will reflect new KYC and IEO systems;

  • smart contracts
  • statistic server

to provide the most accurate and up-to-date statistical data

Kyber Network is a decentralized Ethereum-based solution that is committed to advancing the interchangeability and fluidity of digital asset conversion. At the moment of publication, Kyber Network market parameters are as follows:

Average price 1.42 USD
Market cap 190,341,004 USD
Volume (24H) 13,054,300 USD

Pure Bit to Refund Investors' Money

Another cryptocurrency scam storu may have happy ending
15 November 2018   70

The founders of the South Korean exchange Pure Bit, who were suspected of stealing investors' money, announced the return of funds.

According to the local edition of BlockchainROK, representatives of the exchange have already partially returned the money to some users and pledged to return all other funds.

On November 4, the exchange team launched the ICO with the goal of collecting about $ 30 million to create a crypto exchange. However, on November 9, Pure Bit closed the site, said goodbye to its investors and removed everyone from the group in the KakaoTalk messenger. Also, the founders of the exchange withdrew funds from the account that was used for ICO.

According to CCN, one of the issues traced the Ethereum address of the exchange and asked Upbit to block the account and freeze the funds. Upbit fulfilled this request.

This is Pure Bit. First off, I would like to apologize to everyone that was affected by the ICO. Since November 5, I raked in 16,000 ETH and did not open a crypto exchange as promised. I kicked out everyone in our social media chat groups and disappeared without any message. I negatively affected investors in the project psychologically and financially. I made an unforgivable mistake that cannot be turned around, blinded by money. It has been less than a day and I have already started to suffer from guilt. Although it cannot be compared with the hardship faced by the investors, I also felt significant guilt. I sincerely apologize to all of the investors in the ICO who were affected by the operation.

CEO of Pure Bit

The founder of Pure Bit also notified that he would return ETH 16,000 to depositors without taking into account the payment of services to a third-party company that organized ICO.