First Lightning Network App to be Launch at Google Play

Eclair Wallet by ACINQ is the first LN based application at the Google Play
05 April 2018   578

First Lightning Network-based application appread in Google Play store. It is called Eclair ACINQ.

Continuing the trend of the innovation of fast networks, the wallet is currently available for devices running on the Android operating system from version 5.0 and higher.

ACINQ Network
ACINQ Network

The Eclair Wallet is a next generation, Lightning-ready Bitcoin wallet. It can be used as a regular Bitcoin wallet, and can also connect to the Lightning Network for cheap and instant payments.

This software is based upon eclair, and follows the Lightning Network standard.
 

ACINQ Team

At the moment of press, it has 4,7 rate at Google Play with 69 feedbacks. So, users' reaction was positive, but they still ask ACINQ to release the iOS version of the wallet. But it looks like to be a hard task.

SegWit solution, which is needed for Lightning Network normal operation in Bitcoin mainnet, started to be used more widely recenly. This news gave good impact for LN development.

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   223

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.