EOT Embedded Messenger Available

The Embedded Vault messenger uses blockchain technology giving users the ability to send messages from public key to public key, creating a secure and private messaging environment
10 April 2018   1587

EOT, which means Encryption of Things is a utility coin, a fully fledged, open source, decentralized cryptocurrency with blockchain and operational mining. EOT is a peer to peer payment system with new blocks mined every 90 seconds thus ensuring fast and efficient transactions. EOT was developed for the purpose of encrypting devices and applications connected to the internet, IoT, known as the “Internet of Things”.   

The Embedded Vault messenger, which was released quite recently, uses blockchain technology giving users the ability to send messages from public key to public key, creating a secure and private messaging environment.

The main features:

  • Dynamic Key creation – Your private keys are never stored
  • Using your phone, PC and blockchain together
  • Biometric security
  • You are in control of your private keys – You Are the Key
  • Secure Cryptocurrency Wallets for Bitcoin, EOT coin, Waves, EOT token, EOT coin to EOT Token exchange

Every message is encrypted with a process whereby a public blockchain transaction on the EOT blockchain is used to encrypt the message and then sent to the key of the receiver on the EOT blockchain, and a very small amount of EOT is used for every message.

It is worth noting that Embedded Vault is owned and developed by Embedded Downloads. 

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   174

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.