DigixDAO to Launch DGX 2.0 Baked by Gold

DGX 2.0 will officially be available for purchase from April 8, 2018
27 March 2018   884

Digix is a platform that tokenizes gold on Ethereum, it leverages the Distributed Ledger for its immutability, transparency and auditability by applying it to precious physical assets. Digix has created a range of technologies including The Proof of Provenance Protocol and Digix Gold Tokens (DGX) on Ethereum. 

Digix has reported that it is releasing the new version of DGX tokens, and the whitelisting for marketplace purchases is open from March 26, 2018. Users should register in advance in order to purchase DGX 2.0, as DGX 2.0 will officially be live for purchase from April 8, 2018. The retail customers will have to undergo the Know Your Customer process, where they are needed to provide:

  • Scanned passport or a National Identification card
  • Scanned documents such as bank statements or utility bills issued within 3 months
  • An Ethereum wallet address
  • Well lit room conditions for a Webcam Verification or a photo for verification

The early existing owners of DGX 1.0 will receive DGX 2.0 into the same wallets which they have stored DGX 1.0 on April 8 as well. DGX 1.0 has been last moved on Block number 4369452 and the snapshot block has already been set to send DGX 2.0 to any DGX 1.0 holders. The users are not recommended to move their DGX 1.0 anywhere until they receive DGX 2.0 on April 8.

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   271

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.