Bitcoin Private to roll out beta version of the merchant platform

Bitcoin Private announced its merchant payment platform beta version on April 13 that will signify the finish of just Phase 1 of the roadmap
05 April 2018   745

The contribution team of Bitcoin Private has developed a 4-phase roadmap for the merchant payment platform roll-out. The release date of the Phase 1 is set on April 13. Phase 1 will be characterized with the following specifics: Trezor pull request is pending; signing and broadcasting transactions of a custom build of Electrum-BTCP is a success; pull request for supporting Nano S app is submitted; Electrum 1.2 protocol have started testing; a community-built iOS wallet app on Electrum protocol is ready and will be integrated into the merchant payment solution; the integrations will adhere to BIP-0070 in order ensure security of the BTCP protocol.

As of the accomplishments, hardware wallet support code is completed; significant progress is made in both Electrum frontend and backend, iOS Electrum and the development of a Copay wallets suite that also includes Chrome extension is underway.

At the moment of publication, Bitcoin Private market characteristics are as follows

Average price: $19.75

Volume (24H): $253,860

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   410

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.