First step to Metropolis: Byzantium testnet

The date of a launch for the Byzantium testnet, the next critical step toward Metropolis, has been announced
09 September 2017   2508

Byzantium is the first of the two phases in the Metropolis update, which is to be followed by Constantinople later.
The date of a launch for the Byzantium testnet, the next critical step towards Metropolis, a major upgrade for Ethereum, has been announced. 

Thus, the testnet will be deployed on September 18th

According to the information provided by coindesk.com, the actual network upgrade release is to be launched in October, depending on the length of the testing period and any issues that may arise during that time. 

If things go wrong....they will go wrong fast.
 

Péter Szilágyi
Developer

Vitalik Buterin, the creator of Ethereum, argues that he anticipates the Byzantium test phase will last between three and four weeks.

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   410

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.