AdCoin to release its second installment

Second release of the advertising platform will be on June 21 with lots of extra features
18 June 2018   738

After a month since the launch of the beta version of AdCoin advertising platform, it suffered from traffic increase, attempted hacks and DDoS attacks. Consequently, it was paused and the development got focused on the second release. The decision was made to launch it on June 21.

AdCoin.Click advertsing platform

Brand-new advertising platform allows advertisers to get massive crypto audience in an instant, and publishers to earn money with their websites showing relevant crypto related ads on their websites. At the moment of publication, AdCoin market parameters are as follows:

Average price 0.039586 USD
Market cap 254,628 USD
Volume (24H) 461 USD

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   182

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.