Bancor Network Wallet Released

On April 3 Bancor Network has announced the release of a native wallet which allows users purchase, store and manage any ERC20 token
04 April 2018   1470

Bancor Protocol is a standard for the creation of Smart Tokens, cryptocurrencies with built-in convertibility directly through their smart contracts. Bancor allows users to convert between any two tokens on the network, with no counterparty, at an automatically calculated price.

On April 3 Bancor Network has announced the release of a native wallet which allows users purchase, store and manage any ERC20 tokens and convert between any token on the Bancor Network, including ETH, EOS, BNT and many more.

Bancor Wallet Features:

  • Dynamic: The Bancor Wallet offers automated token conversions with instant on-chain settlement, and each token that joins the Bancor Network becomes interchangeable for any integrated token directly from within the Bancor Wallet.
  • Secure: Bancor neither holds nor has access to customer funds, making its network and its wallet more secure. The wallet also underwent numerous rounds of paid auditing by third-party security firms, in addition to a variety of unsuccessful attacks during the 12-week Bancor HackMe Bounty Challenge.
  • Portable: Users can login to their Bancor profile and access their Bancor Wallet from any device using their password, they are always in control of their keys and can withdraw their tokens and export them to any ERC20 wallet at any time, at no additional cost.
  • Simple: Bancor Wallet includes the ability to view token balances in various display currencies, receive notifications when transactions are executed, and filter transfers and conversions by token symbol, all from within a sleek wallet interface.
  • Reliable: The smart contracts serve as autonomous and predictable market makers, and the Bancor Wallet is always able to predict how a conversion of any integrated token will move its price.
  • Extensible: Any Web3-enabled decentralized application can integrate Bancor’s open-source protocol in order to provide their users with automated conversions directly from their own environments.

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   223

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.