tZERO Will List Kodakcoin

Kodakcoin will be released in the 2018 Q1 and will be distributed in full compliance with the requirements of US regulators
17 January 2018   1413

Last week, Kodak, which manufactures equipment and supplies for photography, announced preparations for the launch of the Kodakcoin cryptocurrency, intended for photographers and agencies that, with the help of it, will be able to manage permissions to use their work. Kodak shares rose 77% immediately after this news. 

The next step in the development of Kodakcoin was the announcement that the new cryptocurrency will be included in the listing of tZERO, a trading platform developed by Overstock .com. Thus, Kodakcoin will be the first third-party cryptocurrency presented on the platform.

According to a press release, Kodakcoin will be released in the first quarter of 2018 and will be distributed in full compliance with the requirements of US regulators.

tZERO’s vision in being able to develop and provide a securities token platform that complies with U.S. federal securities laws is key to the success of the KODAKCoin. The KODAKCoin offering is centered around providing photographers security and peace of mind, and the tZERO platform allows us to provide that same security to our token holders as well.

Jan Denecke

Co-Founder, KODAKOne platform and KODAKCoin

tZERO will assume the function of providing advice, technological implementation and organization of Kodakcoin trades, including invoice encryption, pricing, clearing and settlement services, as well as traders' verification.

Kodakcoin tokensale Campaign starts on January 31st. Participation in it will be accepted by accredited investors from the USA, Great Britain and Canada.

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.