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The live Centra price today is $0.016479 USD with a 24-hour trading volume of not available. We update our CTR to USD price in real-time. Centra has no change in the last 24 hours. The current CoinMarketCap ranking is not available, with a live market cap of not available. It has a circulating supply of 68,000,000 CTR coins and the max. supply is not available.
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Centra Tech is developing an entire ecommerce ecosystem connecting cryptocurrencies to traditional currencies with innovative products that will drive value to the network. The first product, the Centra Card and Wallet, a virtual/physical debit card currently supporting Ethereum, Centra Token (CTR), DASH, Bitcoin, Litecoin, Zcash, Monero and other ERC20 tokens has already shipped its first batch of VISA cards to early investors in the United States.
Ever since Bitcoin entered the financial world, Cryptocurrencies have grown at an astounding rate. In fact, market capitalization reached a new high of $93 Billion as of July 23, 2017. This was an increase of 1,263% over February 19, 2016. The problem becomes a methodology to integrate all of these blockchain currencies into a usable currency.
Two founders of a cryptocurrency firm that was endorsed by champion boxer Floyd Mayweather have been charged with carrying out a fraudulent initial coin offering (ICO) by the U.S. Securities and Exchange Commission (SEC).
The company in question is called Centra and it raised $32 million via an ICO. An ICO is a process by which a company can issue a new digital coin in exchange for money. The coin has the potential to be used on a service offered by the company or traded in the future.
That came after several prominent celebrities began touting less well-known ICOs in 2017. Mayweather has touted the Hubii Network and Stox, neither of which seemed to have much more than a website and plan to launch before their coin offerings. Paris Hilton, meanwhile, touted the Lydian Coin.
Centra has said it's developing a debit card that users will be able to link to the digital wallets they use to store cybercurrencies including bitcoin and ether. Users would be able to use the debit card to make purchases with their cybercurrencies of items being sold for dollars or other traditional currencies.
After announcing its product in August, the company brought on board celebrity endorsers including boxer Floyd Mayweather and musician DJ Khaled to promote its fundraising effort. In September, Centra raised its $32 million via an initial coin offering, or ICO.
In an ICO, a company creates and exchanges a new cybercurrency for an established one, such as bitcoin or ether. Unlike initial public offerings, where companies raise money by selling their stock to the public, ICOs are basically unregulated.
The Eleventh Circuit vacated the district court's order denying plaintiffs' motion for class certification and remanded for further proceedings. Plaintiffs' action alleged that Centra Tech and some of its principals violated the Securities Act of 1933 in their efforts related to the initial coin offering of Centra Tokens.The court concluded that, under the circumstances of this case, including the near omnipresence of an automatic discovery stay imposed by the Private Securities Litigation Reform Act (PSLRA) whenever a motion to dismiss is pending -- in effect for just under fifteen of the eighteen months between the initial complaint and plaintiffs' certification motion -- the district court's timeliness holding was an abuse of discretion. The court also concluded that the district court erred when it denied certification on the alternative ground that plaintiffs had not established an administratively feasible method for identifying class members. The court explained that Federal Rule of Civil Procedure 23 implicitly requires that a proposed class be ascertainable. However, the court's recent decision in Cherry v. Dometic Corp., 986 F.3d 1296, 1304 (11th Cir. 2021), clarified that to meet this ascertainability requirement, the party seeking certification need not establish its ability to identify class members in a convenient or administratively feasible manner. The court noted that considerations of administrative feasibility may still be relevant to Rule 23(b)(3)(D) manageability analysis.
The Miami-based cryptocurrency firm Centra Tech was built on fairy dust and paid celebrity hoo-ha, but co-founder Robert Joseph Farkas is going to be doing real time in a real prison for the $25 million initial coin offering (ICO) rip-off.
The third co-founder of the alleged cryptocurrency scam project Centra Tech, backed by celebrities such as Floyd Mayweather and DJ Khaled, is reportedly planning to plead guilty to duping investors into committing more than $25 million in its initial coin offering (ICO).
Sohrab Sharma is currently facing charges over a $25 million initial coin offering (ICO) scam, as well as an article from Bloomberg released on July 13 that indicated Sharma may avoid a trial in November.
The U.S. Securities and Exchange Commission announced today that it charged two co-founders of a purported financial services start-up with orchestrating a fraudulent initial coin offering (ICO) that raised more than $32 million from thousands of investors last year. Criminal authorities separately charged and arrested both defendants.
Votes were taken throughout the day on March 1, prior to the event in the Mountainlair, and at the expert panel discussion that evening on whether the penny is a nuisance coin that should be done away with or a much-beloved, intrinsic tradition of our culture that should be saved.
When the overall votes were tallied, 76 percent said to keep the copper coin with 24 percent hoping to eliminate it. Interestingly, prior to the panel discussion, votes showed a slightly higher ratio, 80 percent, wanting to keep the penny with 20 percent willing to pitch it.
Both ratios are significantly higher than the national preference to keep the coin. According to a recent Gallup poll, 55 percent of Americans want to keep the penny, while 43 percent say the government should do away with it.
Critics of the penny have called itthe Rodney Dangerfield of coins.Former U.S. Rep. Jim Kolbe of Arizona introduced a bill called the Legal Tender Modernization Act in 2002 that would essentially eliminate the penny. The bill failed, but in 2006, Kolbe introduced follow-up legislation called the
In the U.S. there has been an notable uptick in class action lawsuits launched against companies in the cryptocurrency market in late 2017. As public attention turned to the roller-coaster ride of cryptocurrency markets over the past year, it is not surprising that ambitious class counsel have jumped on the ride by issuing their first putative class actions against companies funded through initial coin/token offerings (ICO) and companies that are otherwise active in the cryptocurrency space. With over $3 billion dollars raised through ICOs in 2017, and few signs of the market dynamics changing any time soon, we expect that this trend will continue in 2018.
As we have previously commented, the regulatory reach over of ICOs is complex and largely untested waters in Canada. It remains unclear whether, and in what circumstances, coins or tokens offered in ICOs qualify as securities. If they do, that opens the floodgates for regulatory proceedings and civil securities class actions.
There is also a serious question about whether Canadian companies issuing coins/tokens may find themselves exposed to civil liability for potential misrepresentations in their public statements, whether in a prospectus, offering memorandum, white paper or other publicly available document. As we have seen in the U.S. cases above, class counsel are not shy from alleging civil liability for false or deceptive statements made before or during an ICO. Such civil claims could include allegations of:
Smart hedge-fund money was lining up to bet against Bitcoin, the thinking went, but had no convenient way to do it on the actual Bitcoin exchanges. The only people trading Bitcoin were the true believers, so of course it kept going up, but once it was opened up to normal financial players that would end.
It is of course still very early days for the futures, and it's still possible that the shorts will come in and drive the price down. I guess it's even possible Bitcoin bulls and bears will both flock to the futures market and trade with each other to find an efficient and stable price that reflects Bitcoin's fundamental value, whatever that is.
Then there's the spread. Why would you pay more for a synthetic Bitcoin in a month than you would for an actual Bitcoin today? The answer, presumably, is that the synthetic Bitcoin is more valuable to you: you want Bitcoin exposure, but you'd prefer to get it through a standardised contract on a regulated exchange that settles in dollars.
Since the introduction of futures, the price of Bitcoin has gone up, suggesting that there were more As - people who wanted to be long Bitcoin synthetically - than Cs - people who wanted to be short synthetically - though again it is still early.
Crudely speaking, the arbitrage spread suggests that there are also more As than Bs: there are a lot of people who want to be long Bitcoin without owning Bitcoin, but not so many people who want to own Bitcoin without being long Bitcoin. (Which makes sense! If you bought a Bitcoin and sold a futures contract when Cboe launched its futures last week, you could have locked in a risk-free arbitrage profit of something like $1,200. But if you had just bought a Bitcoin, you'd be up about $3,000 by now.) The costs of trading actual Bitcoin on Bitcoin exchanges - in terms of blockchain transaction costs or exchange withdrawal limits - are significant enough that people who want Bitcoin exposure are willing to pay about 2pc to avoid them.
You could imagine the spread going the other way, though. If everyone really was clamouring to short Bitcoin, and if the futures offered a more convenient way to do it than the Bitcoin exchanges, then you'd expect the short sellers to pay a premium to short via futures. Instead of selling a Bitcoin at $18,000 today, they'd be willing to sell a synthetic Bitcoin for $17,500, paying the spread to an arbitrageur who was willing to do the actual shorting for them. But the fact that the spread is mostly positive, and that Bitcoin's price has been mostly going up, suggests that the demand has mostly been for synthetic long positions, not short. 041b061a72