E. Snowden: Zcash is most interesting BTC alternative

An American computer professional, Edward Snowden, claims that Zcash is the most interesting Bitcoin alternative
30 September 2017   2923

Edward Snowden, an American computer professional and former CIA employee, who copied and leaked classified information from the NSA in 2013, now expresses his view on the top cryptocurrencies via Twitter. The man reponds to a user, who claims that "Zcash is the only altcoin (that I know of) designed and built by professional and academic cryptographers. Hard to ignore":

Snowden also comments on another popular cryptocurrency, Monero, arguing that it is a "great project, but the problem with amateur crypto is mistakes happen and have huge consequences for people like me". This is believed to be the reference to the fact that about 60% of Monero transactions can be linked, meaning that transactions are not as anonymous as users would have initially hoped.

The statements redulted in the flood of Twitter responses. Thus, Monero developer Richard Spagni strongly defends his project's technology, while the creator of litecoin, Charlie Lee, claims that he owns "Monero but not Zcash”.

Monero and Zcash on coinmarketcap.com

Zcash and Monero are both geared towards providing privacy for their users, but use different tools to achieve the same end result. Thus, while Zcash is based on a cryptographic operation called zk-snarks, Monero works by obfuscating information with ring signatures and stealth addresses.

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   197

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.