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CTR

Centra

CTR
Market cap
Volume 24h
Avail. supply
CTR68,000,000

News

  1. Sat June 30th, 2018
  2. Bitcoin.com

    Market action during June has seen a significant slump in trade volume, with the majority of the ten most traded cryptocurrencies experiencing a drop in volume of between roughly 17% to 57% when compared with May.

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  3. Fri June 29th, 2018
  4. Bitcoin.com

    In recent news pertaining to initial coin offerings (ICOs), it appears that many ICOs are reaching out to social media influences amid the advertising ban across leading social platforms, a study published by the China Banking Regulatory Commission (CBRC) has suggested that the country develop and licence-based regulatory apparatus that permits cryptocurrency activities including ICOs, and a U.S. judge has found that CTR, the tokens distributed through Centra Tech’s ICO that sought the promotional services of boxer Floyd Mayweather, demonstrate numerous attributes of a security under existing legislation. ICOs Turn to Social Media Influencers Amid Advertising Ban A report by LA Times has looked into the increasing prevalence of ICO promoters employing the services of social media influences in the midst of the prohibition on cryptocurrency advertisements on a number of leading social platforms. The report cites research conducted by Solume, which found that approximately 18% of cryptocurrency-related posts on Reddit, Twitter, and Bitcointalk.org now typically originate from bounty campaigns set-up by ICO promoters. In January, by contrast, the figure was 6%. “It’s really a very cost-effective mechanism for developing a brand,” stated Saransh Sharma, the president of 4new - who are currently conducting an ICO. “Before you know it, there’s a snowball effect,” he added. Whilst ICO promoters appear to have found a means through which they can advertise on social media platforms despite the ban, some are not convinced that the practice of paying social media influencers to promote ICOs that will last for long. Lex Sokolin, the global director of fintech strategy at Autonomous Research, stated: “Once it becomes clear that financial outcomes can be manipulated not just by trading but [also by] creating perceptions through social media, regulators will take a very hard stance.” Chinese Banking Commission Suggests Inclusive ICO Regulations A working paper made public by the China Banking Regulatory Commission (CBRC) titled “The Study of Development and Regulations on Distributed Ledger Accounts, Blockchain and Digital Currency.” The report argues for the development of an inclusive license-based regulatory apparatus designed to allow cryptocurrency related activities, including ICOs, to operate legitimately in the country. "Currently, any capital transaction that relates to distributed ledger accounts, blockchain, cryptocurrency and its derivatives, ICOs and exchange operations should all be regarded as financial services. Therefore they must be put under relevant financial regulatory frameworks so that they can operate legally with a license," the document states. Centra Tech Found to be Distributing Securities In the latest news regarding the Floyd Mayweather-promoted Centra ICO, a Florida district court has found that the company's CTR tokens comprise securities. The court, citing the Howey test, argued that CTR tokens satisfy the criteria for all three prongs of an “investment contract” - rendering such a security. The court found that “Because the success of Centra Tech and the Centra Debit Card, CTR Tokens, and cBay that it purported to develop was entirely dependent on the efforts and actions of the Defendants [...] the offering of Centra Tokens was an investment contract under the Securities Act, such that the Defendants sold or offered to sell securities by virtue of the Centra Tech ICO." The court recommended that “the Defendant’s Renewed Motion for a Temporary Restraining Order, Asset Freeze, Document Preservation Order, and Order to Make Accounting and Other Ancillary Relief [...] be granted to the limited extent consented by the Defendants.”

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  5. Thu June 28th, 2018
  6. FinanceMagnates

    The defendants do not dispute the definition; they may have bigger things to worry about.

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  7. Wed June 27th, 2018
  8. CoinDesk

    A Florida district court has published an analysis explaining how Centra Tech's CTR token is a security. 

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  9. Thu May 17th, 2018
  10. TechCrunch

    The founders of Centra Tech, a company that raised a $32 million ICO, have been indicted for wire fraud and securities fraud, charges that could lead to a minimum of five years in jail. The founders, Raymond Trapani, Sohrab Sharma, and Robert Farkas, were found guilty of trying to defraud investors…

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  11. Coindoo

    A grand jury in the Southern District of New York has put on trial Centra Tech’s three co-founders. A press release was issued on May the 14th by The U.S. Attorney’s Office of the district announcing the prosecution. The Centra Tech Scam The three co-founders of Centra Tech Sorhab Sharma, Raymond Trapani, and Robert Farkas, […] The post Centra Tech Founders Facing Jail For Fraud ICO appeared first on Coindoo - Crypto News and Reviews.

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  12. Wed May 16th, 2018
  13. Bitcoinist

    A grand jury in the Southern District of New York has indicted the three co-founders of Centra Tech. The U.S. Attorney’s Office of the district issued a press release on May 14 announcing the indictment.

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  14. Tue May 15th, 2018
  15. CoinTelegraph

    A US District Court in Manhattan has issued a formal indictment of the three founders of Floyd Mayweather-backed Centra Tech ICO for securities fraud, among other charges.

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  16. Crypto-News India

    Three Indian-origin men based in Florida has been charged by US federal authorities in the case pertaining to defrauding investors through their cryptocurrency startup company called Centra Tech. The trio has raised more than $60 million from their victims in form of a crypto token issued by Central. The three men Sohrab Sharma(27), Raymond Trapani (27) …

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  17. Tue April 24th, 2018
  18. Bitcoin.com

    The United States Securities and Exchange Commission (SEC) has announced that Centra Tech Inc. co-founder, Raymond Trapani, has been charged with fraud charges resulting from 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 charged for having their role in the ICO.

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  19. Sun April 22nd, 2018
  20. Investing.com

    SEC Nabs Mastermind Behind Mayweather Endorsed ICO Centra

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  21. FinanceMagnates

    SEC announces charges against "mastermind of Centra’s fraudulent ICO".

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  22. BtcManager.com

    The Securities and Exchange Commission filed additional fraud charges against a third co-founder of Central Tech’s $32 million initial coin offering, which had been endorsed by boxing champion Floyd Mayweather and music producer DJ Khaled. Raymond Trapani was charged with fraud in an amended complaint filed by t ...

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  23. Sat April 21st, 2018
  24. Engadget

    The SEC has slapped a third man with fraud charges over a $32 million ICO scheme.

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  25. AMBCrypto

    The United States Securities and Exchanges Commission [SEC] has announced additional fraud charges against Centra Tech Inc. The SEC has charged the company’s co-founder, Raymond Trapani with criminal charges due to the fraudulent scheme related to Centra Tech’s $32 million ICO of CTR tokens. The SEC and criminal authorities had charged Sohrab Sharma and Robert […]

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  26. Investing.com

    Third Co-Founder Of Centra Tech Charged With $25 Mln Securities Fraud

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  27. CoinTelegraph

    The US Department of Justice has reported the arrest of the third co-founder of the allegedly fraudulent Centra Tech.

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  28. Fri April 20th, 2018
  29. BusinessInsider

    One of the founders tried to leave the country but was arrested before he could board the plane, according to the SEC.

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  30. CoinDesk

    The Department of Justice has unveiled fraud charges against a co-founder of cryptocurrency startup Centra, bringing the total number of executives charged to three.

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  31. Mon April 9th, 2018
  32. AMBCrypto

    Founders of Centra Tech Inc, an Initial Coin Offering [ICO] endorsed by Floyd Mayweather were slapped with criminal charges by the U.S. for raising more than $25 million for planning a digital currency without registering the offering with the regulator. Floyd Mayweather, the current undefeated boxing champion, was hired by the Founders to promote the […]

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  33. Fri April 6th, 2018
  34. BusinessInsider

    The leader of a historically unregulated market is getting cozy with the Securities and Exchange Commission.

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  35. AMBCrypto

    Jay Clayton, Chairman of the US Securities and Exchange Commission [SEC] says that not all the ICOs are fraudulent when questioned about it during a talk at Princeton University. Recently, two Founders of Centra Tech were charged by the SEC for fraud related to their ICO which has raised $32 million and had claimed partnership […]

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  36. Thu April 5th, 2018
  37. Investing.com

    Binance Delists Centra (CTR) Token

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  38. AMBCrypto

    The two founders of Centra, Sham Sharma and Robert Farkas was charged and then arrested for fraud related to their ICO in which they raised $32 million and claimed partnerships with Visa and Mastercard. Following the arrest and accusation, Binance has decided to delist Centra token and announced it with a letter to their users […]

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  39. Wed April 4th, 2018
  40. Investing.com

    Centra: The Fallout Continues, Kucoin Delists CTR Token

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  41. Tue April 3rd, 2018
  42. BtcManager.com

    Thousands of investors were duped by a dodgy initial coin offering (ICO) by Sohrab “Sam” Sharma and Robert Farkas, co-founders of a business called Centra Tech, announced the US Securities and Exchange Commission (SEC) on April 2, 2018. The ICO was promoted by celebrities such as Floyd Mayweather and DJ Khaled. ...

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  43. CoinDesk

    Federal authorities have charged the founders of Centra Tech with securities and wire fraud, shortly after their ICO was shut down by the SEC.

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  44. Engadget

    Centra Tech Inc. raised more than $32 million through an allegedly fraudulent ICO.

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  45. TrustNodes

    “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...

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  46. Mashable

    Centra appears to have made false promises to investors.

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  47. Investing.com

    SEC Swoops on Centra Tech ICO Scam

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  48. FinanceMagnates

    Centra Tech made $32 million from its ICO last year.

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  49. Investing.com

    Binance Exchange Issues Centra Risk Warning

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  50. Coindoo

    The US Securities Exchange Commission’s new Cyber Unit task force has charged boxing champion Floyd Mayweather endorser, Centra Tech, claiming their ICO offered fraudulent products and had fake biographies. Centra Charged with Fraud On Monday, the SEC announced that it charged Centra Tech founders with fraud, based on allegations the company made about their collection […] The post Mayweather Endorsed ICO Charged With Fraud appeared first on Coindoo - Bitcoin & Altcoin News and Reviews.

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  51. Mon April 2nd, 2018
  52. NewsBTC

    The US Securities Exchange Commission's new Cyber Unit task force has taken down boxing great Floyd Mayweather's sponsor, Centra Tech, alleging their ICO was based on fraudulent products and made up biographies.

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  53. Gizmodo

    Sohrab “Sam” Sharma and Robert Farkas were the operators of an initial coin offering that—according to a Securities and Exchange Commission complaint filed today in the District Court of Southern New York—fleeced investors out of more than $32 million though a business called Centra Tech. Inc. What led to Farkas’s arrest yesterday while trying to leave the country is almost too boneheaded to believe.

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  54. CoinDesk

    The U.S. Securities and Exchange Commission has halted the Floyd Mayweather-supported Centra Tech initial coin offering.

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  55. Wed March 14th, 2018
  56. Centra

    Project Centra 3.0 is coming and it is introducing a completely revamped system created for a platform based enterprise solution worldwide.

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  57. Sun March 11th, 2018
  58. Centra

    Last year Centra had made partnerships in Asia to strategically grow its presence and technology for a broader reach. Earlier this year…

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  59. Thu March 8th, 2018
  60. Centra

    The Centra Wallet App 3.0 is coming close to launch and has undergone several exciting and innovative changes. Centra aims at setting the…

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XRP$0.5140546.7%
ETH$503.355.1%
BTC$7,357.179.2%
XRP$0.5140546.7%
ETH$503.355.1%
BTC$7,357.179.2%
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