Byzantium delayed

The planned hardfork of the Ethereum, Byzantium, is postponed for at least a week
25 September 2017   2258

Byzantium activation should occur on the block 4,370,000, and at the current block generation speed this will happen on October 17, reports CoinDesk.

Initially, the activation of Byzantium, the first stage of the Metropolis hardfork, was scheduled for October 9, provided that no problems were found during the testing.

The news about postponement of the date of the hardfork was preceded by the comments of the of Vitalik Buterin, founder of Ethereum, that the platform should be conservative with respect to previous forks.

At the same time, Buterin himself wanted to have the hardfork held later - at the end of October, however, due to the upcoming Devcon 3 conference in early November, which is planned to be visited by a large number of developers, these plans were revised.

In the meantime Ethereum developer Hudson Jameson noted that the date of activation of the hardfork is already determined definitively, and can be revised only if there are problems during testing.

The test phase of Byzantium officially started on Tuesday in the test network Ropsten. At the same time, not only the first transaction after the fork was successfully verified, but also the zero-disclosure of zk-SNARK was verified. Thanks to this in the network Ethereum may appear new privacy features, currently found in cryptocurrency like Zcash.

It should be noted that a few days ago the Byzantium was attacked. The attacker filled entire blocks with spam contracts for large sums. Vitalik Buterin, incidentally, called the attack absolutely insignificant.

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   197

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.