AppCoins is releasing Aptoide Dev Version

AppCoins has announced the release of the first implementation of its protocol in Aptoide app store on May 2
16 April 2018   1170

In full accordance with the roadmap, AppCoins is to launch the "dev" version of the AppCoins integration in Aptoide. This will be an on-chain implementation of the protocol by a "client". The launch is scheduled for May 2. The "dev" version will be made available at the following link. The code name of the release is "Gosling release". This version of Aptoide will support 2 financial flows: install advertised apps earning AppCoins ERC-20 tokens and in-app purchases with ERC-20 tokens.

At this point Aptoide will not feature reputation system as transactions need to exist in order for reputation to build up (will happen after the first deployments). Also, side-chain integration with a state channel / payments channel will not included in the release as well. This is made so that Raiden and OmiseGo will have enough time to be ready. Since the user base will be restricted to testers, the transactions will be straight in the blockchain.

At the moment of publication, AppCoins market parameters are as follows

  • Average price: $0.432295
  • Market cap: $43,252,979
  • Volume (24H): $3,613,030

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   304

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.