Moreover, ADA can be traded
on the Centra decentralized marketplace for other crypto coins which will also result in the increase of the value of ADA.
The complaint also alleges that both men created fictional executives with «impressive biographies» to use in misleading marketing campaigns
on Centra's website, while also paying celebrities to endorse the digital currency on social media networks like Twitter.
The CTR tokens can be used
on the Centra Card as well as Coin Bay.
«After viewing the SEC's official briefing
on the Centra (CTR) project this morning -LSB-...] the CTR project has been defined by KuCoin as a high - risk project,» the exchange desk wrote in an announcement.
Mr. Sharma said that he couldn't speak to the case because it was still going on, but that it should not have any effect
on Centra.
Not exact matches
At the time of
Centra's crowdfunding effort, the Securities and Exchange Commission and other regulators had not clearly signaled that cryptographic tokens would be regulated as securities, but it has since begun prosecutions
on that basis.
Mr. Mayweather, who has promoted three different tokens —
Centra, Stox and Hubiits — has even taken to calling himself Crypto Mayweather in social media posts, a play
on his better - known nickname, Money Mayweather.
Timothy Schoonmaker, nominating committee member: Schoonmaker, director and executive chef of nutrition services at
Centra Health in Lynchburg, Virginia, has served
on the AHF Benchmarking Committee since 2017.
Save big
on your next Samui holiday and enjoy free Wi - Fi during your stay at
Centra Coconut Beach Resort Samui.
Centra by Centara Coconut Beach Resort Samui is located
on the secluded Thong Tanote Beach,
on the south - western tip of Koh Samui, with views across to Koh Tan and Koh Mutsum, two renowned diving and snorkelling spots.
The SEC announced
on Monday that it was charging the founders of
Centra Tech with fraud based
on claims the company made about their suite of cryptocurrency related products such as e-wallets and major credit card backed prepaid debit cards.
At the time of writing,
Centra's CRT token was still available for purchase
on exchanges such as Binance and Cryptopia.
The SEC alleges
Centra Tech heavily relied
on celebrity endorsements and social media to market its fraudulent scheme.
The SEC also alleges that to promote the ICO, Sharma and Farkas created fictional executives with impressive biographies, posted false or misleading marketing materials to
Centra's website, and paid celebrities to tout the ICO
on social media.
The U.S. Securities and Exchange Commission (SEC) widened its clampdown
on initial coin offerings Monday by charging the founders of
Centra Tech Inc. with fraud.
While Binance did not directly name the reason, its warning likely has to do with the investigation the SEC launched against
Centra Tech earlier this week
on April 2.
Join
Centra's ICO
on Sept. 19th #TMT #TBE #floydcryptomayweather #digitalcurrency
Centra raised $ 32m in an ICO during the summer of 2017 and said investors would access a new digital currency exchange and a virtual currency debit card, which would operate
on the Visa and Mastercard networks.
Co-founders of digital currency
Centra, Sam Sharma and Robert Farakas, were arrested
on 1 April, a day before the US SEC released a complaint against the men and announced that the project would be halted.
Centra (CTR) Tokens are a decentralized currency based
on the Ethereum network, which is ERC20 compliant.
On Thursday, Binance moved fast to delist
centra after the coin's founders were arrested and the SEC's investigation into possible security fraud cranked up.
«We allege that
Centra [Tech] sold investors
on the promise of new digital technologies by using a sophisticated marketing campaign to spin a web of lies about their supposed partnerships with legitimate businesses,» Securities and Exchange Commission's enforcement division co-director, Stephanie Avakian, said.
Today in Bitcoin and cryptocurrency —
Centra goes down for fraud, Japan starting a cryptocurrency police force, big shake up at the NEM foundation, and Bitmain's ETH ASIC goes
on sale!
The ICO was the focus of increasing skepticism
on cryptocurrency forums and in the press, and
Centra Tech was hit with its first class - action lawsuit from a burned investor in mid-December.
«We allege that
Centra sold investors
on the promise of new digital technologies by using a sophisticated marketing campaign to spin a web of lies about their supposed partnerships with legitimate businesses,» Stephanie Avakian, codirector of the SEC's Division of Enforcement, said in a statement.
Centra Tech has successfully completed its initial coin offering
on September 25 to fund the development of its cryptocurrency debit card service and marketplace.
The addition of sub-networks and acceptance by
Centra will undoubtedly have a positive impact
on the price movements of the coin.
We allege that
Centra sold investors
on the promise of new digital technologies by using a sophisticated marketing campaign to spin a web of lies about their supposed partnerships with legitimate businesses.
Following the news that two of
Centra's co-founders were arrested trying to leave the U.S.
on April 1, its token took a nosedive today, shedding 25 %.
Centra was the Floyd Mayweather ICO the SEC had subpoenaed
on February 9.
The
Centra digital currency payment program consists of a wallet that runs
on a mobile phone and a debit card that works internationally.
Tech is holding an initial coin offering
on September 19 to bolster their blockchain - based
Centra card and other products to reduce the costs of commerce across borders.
Centra is compared below with its competitor's
on several key metrics.
The pair reportedly «created fictional executives with impressive biographies, posted false or misleading marketing materials to
Centra's website, and paid celebrities to tout the ICO
on social media».
Centra tokens (CTR) are issued
on the Ethereum coin blockchain.
«We allege that
Centra sold investors
on the promise of new digital technologies by using a sophisticated marketing campaign to spin a web of lies about their supposed partnerships with legitimate businesses,» said Stephanie Avakian, co-director of the SEC's Division of Enforcement in a statement.
Links: SEC +
Centra: https://cointelegraph.com/news/sec-busts-fraudulent-ico-endorsed-by-floyd-mayweather-founders-defrauded-32-mln Jeremy Gardner + OTC: https://twitter.com/Disruptepreneur/status/980940740564942848 Hedge Funds: https://cointelegraph.com/news/regulatory-uncertainty-could-kill-10-of-crypto-hedge-funds-by-2019 Vitalik Tweets: https://twitter.com/VitalikButerin/status/981069924255739904 Get your free PDF here: http://www.coinmastery.com/invest Subscribe to the Podcast: http://www.coinmastery.com/itunes Follow me
on Twitter: https://www.twitter.com/carterthomas Trade With Leverage, Short Bitcoin + Become a Coin Master: http://www.coinmastery.com/bitmex Books + Other Stuff I Recommend: http://www.coinmastery.com/store Sign up for Binance: http://www.coinmastery.com/binance Contact:
[email protected]...
Federal authorities
on Monday arrested and charged Sam Sharma and Robert Farkas, the founders of
Centra, with fraud related to the startup's initial coin offering.
According to the complaint draft, the
Centra team claimed to be using its ICO funds to facilitate the creation of a blockchain - based debit card that would be usable
on both the Visa and Mastercard payment channels, along with a massive online marketplace and even a dedicated blockchain.
In a statement
on its website, the Binance team says that this «special announcement» is due to the «high risk associated with the CTR token» after the revelation of «controversial and fraudulent acts by members associated with the
Centra Tech team».
«We allege that
Centra sold investors
on the promise of new digital technologies by using a sophisticated marketing campaign to spin a web of lies about their supposed partnerships with legitimate businesses,» said Stephanie Avakian, Co-Director of the SEC's Division of Enforcement.
On April 2, the Securities and Exchange Commission filed fraud charges against Sohrab Sharma and Robert Farkas, the co-founders of
Centra Tech.
The US Securities and Exchange Commission (SEC) filed charges against the
Centra Tech initial coin offering (ICO)
on Monday, alleging that the token sale — which was promoted by legendary boxer Floyd Mayweather — was a fraudulent securities offering.
Boxing champion Floyd Mayweather Jr. is promoting the scheduled initial coin offering (ICO) by digital currency startup
Centra on September 19, 2017.
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on finding you a Physical Therapy Assistant Job, PTA Job, PTA Travel Job, Travel Physical Therapy Assistant Job.