DigiByte to Undergo Hard Fork

The upcoming DigiByte hard fork will change some of DigiBytes Mining algorithms to maintain GPU friendliness
21 March 2018   2976

DigiByte is a public, rapidly growing and highly decentralized blockchain, and DigiBytes are digital assets that cannot be destroyed, counterfeited or hacked, they are created for protecting objects of value like currency, information, property or important digital data. 

DigiByte has issued the blockchain development plan for 2018, revealing that DigiByte Core v6.16.2, which is the foundation wallet, will be released in March of 2018. The new DigiByte wallet will have a new look, bug fixes and more features.

Moreover, DigiByte Core v7.16.1 release is planned for summer of 2018. The upcoming DigiByte hard fork will change some of DigiBytes Mining algorithms to maintain GPU friendliness. Unfortunately, the exact date of the hard fork has not been revealed yet. The further expansion of the DigiByte core protocol to further support community development and incentivize participation is scheduled for the fall of 2018.

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

Average price: $0,025089
Market cap: $250 956 368
24h volume: $2 425 990

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   233

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.