Brother consortium launches a charity website

Brother Consortium is releasing its charity platform on April 8 with the implementation of its token BRAT
04 April 2018   590

Brother Consortium aimed to create an international ecosystem for implementing humanitarian initiatives in the field of charity has announced the launch date of the platform website on April 8. The website will offer a convenient tool for charitable foundations, implementation of advertising campaigns to provide assistance to the needy and providing benefit to the society. The site will act as a catalog of charitable foundations with an international scope of application. Fund with the ability of utilizing Bitcoin and tokens will be added to the platform.

Platform's native token BRAT will function as a social humanitarian application of the initiatives, bearing the mission of charity, aiding those in need, uniting experts and forming an effective environment for individual development and growth. In December 2017 - January 2018 the launch of the resource was negotiated and prepared. System for adding other funds was successfully tested and debugged. The next steps after the launch of the platform there are going to be promotion campaigns, advertising and realization of humanitarian ideas and the values of mercy.

At the moment of publication, Brother market indicators go as follows

Average price: $0.000795

Market cap: $127,229

Volume (24H): $6

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.