LBRY Credits to perform a Hard Fork

LBRY announced a Hard Fork HF1807 to take place on July 9 to extend claim expiration
11 June 2018   402

LBRY is preparing for a Hard Fork set on July 9. The codename is HF1807. The fork is going to prolong the validity of the claims: currently claims expire in 1.5 years, but after the fork the validity period will be 10 years. Moreover, existing and not expired claims will be extended automatically.

The fork will take effect at block 400155. Users running a full node or a mining pool need to upgrade to the latest version of lbycrd, i.e. version 0.12.2.0 and higher. The fork details can be found here. LBRY is a free, open and community-run digital marketplace with content ranging from Hollywood films to college lessons and streaming.

At the moment of publication, LBRY market parameters are as follows:

Average price 0.140452 USD
Market cap 23,489,360 USD
Volume (24H) 407,861 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.