GoByte updates its wallet

As GoByte approaches its blockchain update, June 8 will mark the mandatory GoByte Core wallet update to v0.12.2.3
07 June 2018   1028

GoByte is going to release its wallet update to v0.12.2.3 on June 8. This way, the project prepares for the overall blockchain update coming later. The update will introduce features like governance (gets activated at block 158,560), superblock (gets activated at block 162,592) and increase of Masternode rewards. The new wallet will be available for Windows, OS X and Linux systems.

Fixed behaviours concern InstantSend (coin selection in some edge cases is corrected), '-liquidityprovider' mixing mode, 10x fee reduction. An experimental HD wallet is included into the update. Also changes were made to Consensus Protocol and 100kB transaction limit. Additional details can be found here. At the moment of publication, GoByte market characteristics are as follows:

Average price 3.47 USD
Market cap 5,841,313 USD
Volume (24H) 106,012 USD

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   213

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.