Genaro Eden About to be Released

The latest version of Genaro Eden project will go live on March 31, 2018
27 March 2018   1524

Genaro Network provides blockchain developers with a one-stop solution to deploy smart contracts and store data simultaneously, and also it aims to provide everyone with a trustworthy internet and a sharing community. As the creator behind the blockchain 3.0 concept, Genaro strives to contribute to blockchain infrastructure technology development.

Genaro Network has announced that the latest version of its project Genaro Eden will be released on March 31, 2018. Genaro Eden is the first Genaro Application, which already has Mac and Linux/Unix versions released in beta. The GitHub repo is also available. Moreover, the beta version of Genaro Eden Sharer is also launched for the users to share unused space and earn GNX as reward.

The main functions of Genaro Eden:

  • Basic management, including hard disk management and hard disk points management, detailed view of the information about the management of hard disk and modifications
  • Capacity statistics, possibility to count the capacity of the remaining hard disk
  • System management, ability to manage related rental hard disk space points income

Talking about the usage of Genaro Eden, the users can use it as a private and permanent cloud storage platform as it can give society a sustainable solution in which everyone has a chance to gain from blockchain technology. It is possible to track the uploaded file, customize its security level, and share space in order to get rewards.

The users who stored their files in Genaro Eden are recommeded to backup them before the latest version is released in order to avoid losing the files.

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   346

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.