Breadwallet rebranding

Bitcoin wallet Breadwallet becomes more that just a wallet
28 September 2017   1645

The team of Bitcoin wallet Breadwallet announces a rebranding and a radical update of the design of its application.

As mentioned on the official website of the project, from now on the project drops the word "wallet" from its name and will be known simply as Bread. The creators also claim that Breadwallet becomes a decentralized financial institution.

In the coming months, we will be adding more financial services in a range of geographies, as well as support for more crypto assets that complement Bitcoin. These are only the first steps towards building a powerful financial platform that can be used around the globe.

Bread team

The company also launches a brand new iOS app, rebuilt from scratch, with a new look and added features. As detailed, the Android version is close to completion and will be available soon.

There are a new design, the ability to display a Bitcoin balance both in bits as well as full Bitcoins, the ability to save a memo together with every transaction sent or receive, in the reworked application.

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   174

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.