Ethereum’s Ropsten testnet verifies zkSNARKs

Ethereum’s Ropsten testnet has verified the zkSNARKs proof underlying a Zcash transaction
21 September 2017   3255

On September 19th, Dr. Christian Reitwiessner announced that Ethereum’s Ropsten testnet has verified “the zkSNARK part” of a Zcash gtransaction. 

the transaction on etherscan.ioThe transaction on etherscan.io

The man claims that he has “no idea” of the transaction’s participants or value, but the Ethereum network has confirmed the transaction.

What is verified here is the zkSNARK part of some real transaction on the real Zcash network. I pulled the data out of the chain sometime around January, I think.
 

Dr. Christian Reitwiessner
Ethereum team

It's also significant that yesterday, the Byzantium hard fork went live on Ethereum’s Ropsten testnet at block 1,700,000. 

 Ethereum charts on coinmarketcap.comEthereum charts on coinmarketcap.com

Meanwhile, at the time of writing, the price of the cryptocurrency is about $283, its market capitalization is $26,822,101,714.

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   304

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.