Bitmora exchange comes online

An exchange Bitmora claiming to be built by real traders and innovators is launching on May 12 with vote, a new fee system and enterprise DDoS protection
21 April 2018   862

The world's first digital asset exchange built by the community Bitmora will become publicly available on May 12. Along with the launch, Bitmora will feature a fully functional mobile application, 24-hour phone support, user voting system and a hybrid fee system with fixed and percentage-based fees. The exchange will enable easy and cheap trading costs for both small and large volume accounts.

Bitmora Inc. is a fully registered C-Corp in the USA, MSB compliant with FinCEN, and is backed by strong bank agreements. Users will have the ability to download monthly financial data and view all fees along with monthly volume exchanged on all pairs.Voting system is there so that users decide the next new features to be added.

As for the security, Bitmora will distribute its cold storage funds worldwide in several undisclosed locations. Upon that, the exchange will conduct regular audits, provide DDoS protection along with numerous access control systems and software.

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.