Blockstream to Release Lightning Network Payment App

New app is called Paypercall and designed for new generation of micro-payment networks
26 March 2018   668

Within the Week of LApps, Blockstream introduced the fourth Lightning application, Paypercall. According to the developers, it is a welcome solution for a new generation of micro-payment networks, through which web developers will be able to request payment for specific API operations.

As examples the creators name automatically performed payments when sending SMS or image processing. Thus, with the help of Paypercall and Lightning technology, developers will be able to set up appropriate instant transactions.

As stated in the message, Node.js programmers can use Paypercall as an intermediate software that monitors the implementation of payments to the Lightning Charge server before approving the request for API use. Also, Paypercall can be used as a reverse proxy, which intercepts service requests until a payment is made.

Paypercall Code Example
Paypercall Code Example

For users, the process is very simple: if they want to use Lightning Charge in Paypercall, an invoice will automatically be created when the developer URL is opened. After it is paid, users can send a request for the use of the corresponding service.

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   159

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.