Golem to Launch at Ethereum Network

One of the first ICO startups finally launched beta version
10 April 2018   1898

After two years of development, one of the first ICO start-ups, which raised 820,000 ETH in 2016, is launched in the main network Ethereum. This is reported by Trustnodes.

The road to mainnet was a complex and challenging one, more than the Golem team would have expected. After 14 major (and some more minor ones…) software iterations of the Golem Alpha version that supported several OS including MacOS, Windows, and Linux; combined with more than two years of research and development, the Golem team decided to launch the Beta version, called Brass onto the Ethereum Mainnet.
 

Golem Team

Golem Mainnet 
Golem Mainnet

This is a beta version, so it can have some bugs. 

Golem is a dApp, and as any other, it required testing through a contained “laboratory”. But in order to progress, we need to get out of this comfort zone, and make sure the elements that we have worked hard, and continue to build, are responsive and working well on a decentralized setting.
 

Golem's Blog

Thus, the developers launched an experiment, the participants of which can lease the computing power of their computers to anyone who wants to.

The idea behind Golem developers is to create a super-computer that will combine the computing power of users' computers that want to sell them, and subsequently will redistribute these capacities in favor of those who need them.

The first area of application Golem will be the rendering of computer graphic interfaces (CGI). Typically, this task requires significant computing resources, which Golem is ready to provide at significantly lower prices than competitors.

It is also worth noting that this event had a great impact onto Golem price - it rose for 23% in 24h.

Golem Price ChartsGolem Price Charts

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

  • Average Price: $0,245395
  • 24h Vol: $45 280 900
  • Market Cap: $204 723 723

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   197

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.