Lisk is to release Core 1.0.0 to TestNet

Lisk Core 1.0.0 will be rolled out to the public Testnet on June 28 as the milestone migration from 0.9.16
26 June 2018   326

Lisk project is planning to migrate from 0.9.16 to 1.0.0 and release Core 1.0.0 to the public Testnet on June 28. The migration block height is set at 5,594,490. A comprehensive Lisk Documentation and Migration Guide will be published on June 25. A README file is going to be updated prior to rollout. Also transaction types 6 and 7 will be temporarily suspended. The thorough test indicate a fully functional 1.0.0 node with a testnet network blockchain. The last QA round was also successfully finalized with fix of minor migration scripts issues.

Lisk Core is a tool for advanced technical users who want to access Lisk’s main network blockchain data, secure the network infrastructure or attain delegate forging access. Lisk makes it easy for developers to build and deploy blockchain applications in JavaScript, building an ecosystem for world-changing dApps. At the moment of publication, Lisk (LSK) market parameters are as follows:

Average price 5.40 USD
Market cap 579,743,439 USD
Volume (24H) 7,608,820 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.