Crypto advertising platform is launched by AdCoin

AdCoin has announced it will be releasing it advertising platform on May 1 in order to suit the needs of the technology for publicity
03 April 2018   788

AdCoin is rolling out its cryptocurrency advertising platform on May 1. Following the news that industry leaders are to ban all the crypto-related ads (such as Google, Facebook, Twitter) AdCoin is going to provide a transparent place to promote digital currencies, ICOs, wallets and exchanges.

In the first quarter of 2018 both Facebook and Google decided to ban all cryptocurrency related advertising. Instead of screening their advertisers they decided to kill it altogether.

 

Excerpt from AdCoin website

AdCoin is offering targeted crypto advertising through transparent digital ads. With the incorporation of the blockchain there will be full transparency on how the advertising budget is spent. The platform will also offer fast payments and almost zero-fee transactions. The company itself was founded in 2017 with a mission to become an advertising payment standard for online advertising transactions. Currently, the project has a full REST API ready for developers. payment gateway (wrapper), WooCommerce payment integration and WordPress standalone payments.

At the moment of publication, the market characteristics for AdCoin are as follows

Average price: $0.036539

Market cap: $218,703

Volume (24H): $235

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   235

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.