Cryptopia is delisting GoldReserve

Cryptopia exchange is set to delist GoldReserve on April 29 due to the transition of token platform
12 April 2018   1017

Cryptopia exchange has issued a notice of the delisting of GoldReserve's XGR. The last day of the token on the exchange is set to April 29. The reason of the delisting is that XGR transitioning to an ERC-20 token standard. Unfortunately, the exchange has not been properly notified about this change in advance and the communication with the project is not clear. XGR holders are strongly advised to be cautious and investigate the developers' plans on the coin.

For ensuring safety and accessibility of the coin after the removal users are also advised to withdraw their funds immediately (as of March 29). The swap research is highly recommended.

XGR changed to be an ERC-20 token on the Ethereum Blockchain. There is a swap page (fork.goldreservecoin.com) where you can swap all the coins you have.

 

Excerpt from XGR developer's message

Cryptopia is not part of the swap and thus further details on whether the ERC-20 version of XGR will be listed is not clear. At the moment of publication, the GoldReserve market characteristics are as follows

Average price: $0.017326

Market cap: $297,506

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.