TenX CEO to Speak at Singapore Meetup

TenX will hold a meetup on February 12 (from 19:30 to 20:30) at TenX Office in Singapore, with TenX Co-founder speaking about blockchain, lightning network, transactions and COMIT network
12 February 2018   1211

TenX is designed to connect blockchain assets to real world payment platforms. With TenX app, the TenX card and the forthcoming banking licence, TenX plans to be well-positioned to serve as a one-stop hub for seamless interaction between the blockchain ecosystem and the real world.

TenX will hold a meetup on February 12 from 19:30 to 20:30 at TenX Office in Singapore. Toby Hoenisch, TenX Co-founder & CEO and one of the world’s top blockchain experts, will explain what is needed to securely connect blockchains using off-chain lightning channel networks to bring down the costs of trading and transactions, why it’s the beginning of a new era and how it will pave the way for mass adoption of cryptocurrencies.

He will also elaborate on the Cryptographically-secure Off-chain Multi-asset Instant Transaction network.

Tenx meetup announcement
TenX Singapore Meetup Announcement

Meetup Location: TenX Office, 8 Eu Tong Sen St. #24-89/90, Singapore

At the moment of press, these are main market parameters of TenX PAY token:

Average price: $1,62
Market cap: $169 618 305
24h volume: $3 564 610

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   107

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.