Live Stars adult entertainment project goes Beta

Beta release for the blockchain-based adult entertainment project Live Stars is rolling out on May 23 with what initially scheduled for May 15
21 May 2018   379

The world's first blockchain-based webcam platform in the online adult entertainment industry is going to release its first public Beta on May 23. The transfer of the Beta to a new server was started last week in order to conduct more detailed tests. And as a result, Beta test streams was scheduled for May 15.

However during the transfer of the Beta application to the production servers, it turned out that the server configuration sockets were getting blocked for clients. Along with that, the legal side of the release is still ongoing: the lawyers are working on a part of USC 2557 documentation (model contract) that is necessary to start the streams.

A different business model that excludes intermediaries, automate all processes based on the implementation of the smart contracts in business logic and financial segment promises to disrupt the industry and make the platform safer, more effective and convenient for users, models and affiliates.

At the moment of publication, the market parameters for Live Stars are as follows:

Average price 0.067867 USD
Market cap 2,695,774 USD
Volume (24H) 96,054 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.