Royal Kingdom Coin to Release Mobile Wallet Beta

Royal Kingdom Enterprise is implementing innovations as part of its growth strategy, including the release of beta version of its mobile wallet
16 February 2018   1488

Royal Kingdom Enterprise is a Middle Eastern startup company registered in Dubai with the decentralized team from all over the world. Royal Kingdom Coin is a token that was used by the company in its ICO. The contributions helped the company gain momentum and speed up development, and all token holders are rewarded monthly with premiums in RKC based on company profits, starting January 2018.

We have already reported that Royal Kingdom Enterprise launched a central website to present all company’s services on February 10.

Moreover th company stated that it will launch a mobile wallet beta, supporting RKC, ETH and customized ERC20 tokens on February 25, 2018. Desktop wallet beta launch, supporting RKC, ETH and customized ERC20 tokens is scheduled to be released on March 10 of 2018.

Royal Kingdom Coin token
Royal Kingdom Coin

Royal Kingdom Coin is a token created by Royal Kingdom Enterprise. Based on Ethereum ERC20 standard and a smart contract code, it’s secured by Ethereum blockchain, doesn’t need mining, and has a fixed total supply of 15M RKC.

At the moment of press, these are main market parameters of Royal Kingdom Coin:

Average price: $0,515085
Market cap: $1 390 730
24h volume: $12 585

CEO AriseBank Admitted to Fraud

Now Jared Rice faces up to 120 years in prison, however, confession may reduce this period to 20 years
22 March 2019   151

AriseBank CEO Jared Rice confessed to deceiving investors for $ 4.2 million in cryptocurrency. The plea agreement filed in the federal court of Dallas, Dallas News кузщкеы.

According to the document, Rice promised investors a "guaranteed return" of up to 20% of the invested funds, as well as opening bank accounts insured by the Federal Deposit Insurance Corporation and Visa-related debit and credit cards, although he did not have agreements with these companies.

The $ 4.2 million received from the ICO Rice spent on his girlfriend, lawyers, as well as on hotels, food and trips by Uber.

It is noteworthy that Jared Rice’s plea for cryptocurrency fraud was one of the first of its kind in the United States.

Now Rice faces up to 120 years in prison. However, confession may reduce this period to 20 years. Also, the organizer of the scheme will have to pay damages to deceived investors.

The final verdict on the case will be delivered on July 11.

Jared Rice was arrested in November 2018 on charges of fraud with unregistered securities and fraud using electronic means of communication. In December, the US Securities and Exchange Commission (SEC) obliged him and Stanley Ford, co-founder of AriseBank, to pay about $ 2.7 million as part of the settlement of the charges.