GlobalToken Hard Fork Announced

GlobalToken will be having a hard fork on May 15, 2018 and the work on the hard fork has already begun on Github
20 March 2018   2279

GlobalToken is a PoW SHA256 Algo Coin. GlobalToken was created to provide quick online transactions with a fast blockchain confirmation time and the lowest fees possible. GlobalToken’s main purpose is to ensure fast worldwide online payments. Faster Blocktime means faster transaction confirmation, which means automatically lower fee, because there is no transaction stuck.

The team behind the GlobalToken project has announced that GlobalToken will be having a hard fork on May 15, 2018 and the work on the hard fork has already begun on Github. The block height is not announced yet as the team is still in talks with its Lawyers and Government regarding regulatory concerns.

GlobalToken hard fork countdown at the moment of timeGlobalToken hard fork countdown at the moment of time

Currently, to celebrate the upcoming Hard Fork and recent advancements, the team is conducting a Treasure Hunt Competition for all of the friends and community members who have supported the community all along. Prior to the hardfork, the GlobalToken is releasing the Whitepaper in which it has highlighted major upcoming changes in the GlobalToken Blockchain.

At the moment of press, these are main market parameters of GlobalToken:

Average price: $0,007651
Marketcap: $214 020
24h volume: $549

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   174

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.