Den-X to undergo a Hard Fork

Den-X Ltd platform announced a Hard Fork on July 22 to launch Den-X Plus
23 June 2018   1088

Den-X is going to perform a Hard Fork of its DNX token on July 22. The fork will be activated at block 6091499. Simultaneously, Den-X Plus with DNXP token launch will take place. Current DNX holders are automatically get eligible for exchanging DNX to DNXP at the rate of 1:1. Users are advised to use Myetherwallet to get the old DNX exchanged for DNXP.

Den-X is a platform with automated algorithms for cryptocurrency arbitrage, market making, and prediction trading. The mission of establishing DENX.LTD as the largest arbitrage and market maker in the growing multi-billion landscape of cryptocurrencies, digital assets, and blockchain transactions.

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   277

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.