BitWhite is adding cryptocurrencies to the wallet

According the the project's roadmap BitWhite will be adding a few major cryptocurrencies on May 15 with the rest to come through a vote
23 April 2018   823

Decentralized application platform BitWhite is going to include several major cryptocurrencies on May 15 to its wallet. The list of the those first comprises of Bitcoin, Litecoin, Dash, Zcash and Monero. The rest of the most popular cryptoassets will be added through a vote - main chain features a built-in voting system that aid generating witnesses of the block production. To ensure mining pool centralization BitWhite system is constantly adjusting the decentralization level of the whole network with the relation to the number of witnesses.

The platform safe, flexible and efficient tool that provides effortless development of dApps. It can be customized to support many applications including finance, document storage and copyright certificates. At the moment of publication, the market indicators of BitWhite are as follows:

  • Average price $0.045490
  • Market cap $1,652,427
  • Volume (24H) $39,863

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.