Force Network to Release Whitepaper

The whitepaper explaining the technical details of ForceNet and its plans for execution is scheduled to be released on March 31, 2018
31 March 2018   1473

The team of Force coin revived the fledgling coin and took to establishing a legitimate legal entity for Force, additionally, they provided the goal of developing a decentralized Internet-like network as Force’s main purpose. The team aims to develop Force into a standout project by creating a decentralized and scalable Internet-like network solution called ForceNet. A thorough whitepaper, explaining the technical details of ForceNet and its plans for execution, is currently being drafted for release which is scheduled for March 31, 2018. In addition, a bit later, the Force team will be revealed.

Force coin whitepaper release countdown at the moment of pressForce Coin whitepaper release countdown at the moment of press

The problem is that the beginnings of the Force project began when the original developer showed no desire to produce a working and viable product, but, instead, aimed to deceive the community and dump his pre-mine on exchanges, and in the process, he decimated the market for Force and cashed out at the expense of early investors. At the behest of the Force community, a core group of trustworthy Force community members, consisting of blockchain specialists and enthusiastic developers, initiated a community takeover to continue work on Force and give legitimacy to the project, are currently are doing their best to deliver new features to the users, and we will keep following the news of Force Coin project.

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.