Bread Token to Update Mobile App

In the first week of April the application will fully support Ethereum in addition to Bitcoin and Bitcoin Cash
26 March 2018   1826

Bread token is the simple and secure way to get started with crypto. BRD allows users to hold Bitcoin in their own hands. By connecting directly to the bitcoin network, users don’t have to rely on the company to access their bitcoins, and thecompany can't monitor their financial activity or control what they do with their money.

The team has already released initial SegWit capability supporting the ability to send BTC to bech32 addresses, and laying the foundation for full SegWit functionality going forward. Bread token has announced that in April 2018 it will deliver tangible benefits to BRD token holders who retain enough tokens. 

The next release is scheduled for the first week of April, when the application will fully support Ethereum, in addition to bitcoin and bitcoin cash, all decentralized. In April, ERC-20 token functionality will be made available exclusively to the current beta testers who are holding ETH and BRD, a group that is now closed to new applicants.

Moreover, the Rewards Waterfall program will be launched in April along with benefits which will be provided to to large holders of BRD tokens. The token team will also carry out an airdrop in order to celebrate the release of full Ethereum support the first week of April.

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.