AnimeCoin to fork into ANIME

ANI will be re-launched into ANIME on May 30 along with the air-drop to the owners of ANI
28 April 2018   1124

Anime community dedicated project AnimeCoin is going to fork its original ANI token into ANIME on May 30. Along with the fork there will be an air-drop of the new tokens to all owners of the original ANI. Initially, the ANI coin served as a mere currency for the anime community, artists and collectors of anime art. Now, the technology allows extended functionality be built in at the protocol level and revolutionize the way digital anime art is created and collected.

The new ANIME will feature:

  • built on top of a fork of the latest version of Zcash

provides stability to the PoW backbone

  • 2.5 minute block time and a larger block size

these will mitigate some of the scaling issues due to the growth of Bitcoin use

  • shielded transactions with Z-SNARK

will ensure the security of sender and receiver

  • zero pre-mine

ensure the fairness and transparency of the initial coin distribution

Air-drop rate is set at 1.0 ANI = 5.14 ANIME. More detailed explanation of the fork process can be found here.

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   346

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.