Coinnest and Waltonchain to develop blockchain technologies

Chinese platform Waltonchain announced a strategic investment in Coinnest aiming to boost the development of blockchain industry
10 January 2018   1342

Coinnest, a growing cryptocurrency exchange based in Korea, has announced its partnership with Waltonchain platform, which is aimimg to establish and gradually incorporate retail, logistics and product manufacturing, and to achieve the full coverage of business ecosystem.

Waltonchain announced that it has reached an agreement on cooperation with Coinnest and will make a strategic investment in Coinnest. The aim of the cooperation is to develop blockchain-related technologies and promote the development of blockchain industry as well as Waltonchain business in Korea.

At the moment of press, these are the main market parameters of Walton:

  • Average Price: $18,68
  • Market Cap: $465 182 619 
  • 24h Volume: $59 382 300

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   213

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.