Synereo's WildSpark Web App to be Released

WildSpark full web application will be released on February 13, 2018, allowing users to send cryptocurrency directly to content creators as well as be rewarded for distributing it
13 February 2018   425

Synereo is designed to allow direct and platform agnostic monetization of original content posted on the net. WildSpark is a tool released by Synereo, which works as a distributed meta-layer on top of existing media hubs and social networks, where users are incentivized to reward both creators and curators directly with AMP.

The major update of WildSpark will be released on February 13, 2018, shifting it from an extension into a full web application. 

New features:

  • Threaded commenting system for each piece of content, with in-browser notifications facilitating an ongoing discussion
  • Support for content from various platforms in addition to YouTube, including text, music, images, and GIFs
  • Amplifying content, with the recipients getting AMPs, using any type of currency – crypto and fiat
  • Creating personal profiles, building a unique WildSpark identity
  • Earning rewards for referring people to sign up and use WildSpark

At the moment of press, these are main market parameters of Synereo:

Average price: $0,339945
Market cap: $27 962 626
24h volume: $766 565

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Centra Tech Inc. Co-Founder accused With Fraud by SEC

The US Securities and Exchange Commission (SEC) has charged Centra Tech Inc. co-founder, Raymond Trapani with ICO fraud  
25 April 2018   85

The charge came as the result of the SEC’s investigations into Centra’s controversial $32 million USD initial coin offering (ICO). Mr. Trapani is the third and final Centra co-founder to be accused for taking part in the ICO.

Raymond Trapani, a co-founder of Centra Tech Inc., has been charged by the SEC for his participation in “a fraudulent scheme connected with Centra’s 2017 ICO.” In 2017 Centra made headlines after enlisting celebrity approval from Floyd Mayweather and DJ Khaled. Two other firm`s co-founders, Sohrab “Sam” Sharma and Robert Farkas, were charged by officials earlier this month for their engagement  in the distribution of “CTR Tokens” to investors.

A changed variant of the SEC’s complaint demands that Trapani was the “mastermind of Centra’s fraudulent ICO,” with an SEC press release alleging that “Centra [was] marketed with claims about nonexistent business relationships with major credit card companies, fictional executive bios, and misrepresentations about the viability of the company’s core financial services products.” The SEC accuses Mr. Trapani and Mr. Sharma of “manipulat[ing] trading in the CTR Tokens to generate interest in the company and prop up the price of the tokens.”

We allege that the Centra co-founders went to great lengths to create the false impression that they had developed a viable, cutting-edge technology. 
Robert Cohen, Chief, SEC Enforcement Division’s Cyber Unit


The SEC has disclosed a text mail sent to Mr. Farkas and Mr. Trapani from Mr Sharma in what Mr. Sharma said to his colleagues “[w]e gotta get that s[***] removed everywhere and blame freelancers lol.” Mr. Trapani also demanded that Mr. Sharma “cook [him] up” a fraudulent document whilst the company was seeking to get CTR tokens listed on exchanges under misleading pretexts. Mr. Sharma replied to the request with “Don’t text me that s[***] lol. Delete.”

At the same time, the U.S. Attorney’s Office for the Southern District of New York has also looked for criminal accusations against Trapani. The SEC has revealed that text messages  jointly used between Centra’s co-founders discovered the scam purposes of the defendants.