GoverMedia partners with EXMO Finance

A Canadian holding company developing all-inclusive online services has partnered with European crypto platform to incorporate blockchain into the ecosystem
18 June 2018   810

GoverMedia Plus LLC has signed a commercial partnership with one of the biggest cryptocurrency exchanges in Europe EXMO Finance LLP. This accords to GoverMedia plans to integrate blockchain-based services. The exchange will utilize the company as its counterparty with a corporate account on the exchange. Thus, clients of GoverMedia will be able to trade cryptocurrencies via GoverMedia online ecosystem with no intermediary and a constant access to the trade process.

GoverMedia LLC

EXMO Finance LLP

Joint direct advertisement towards EXMO's active user base, minimal integration costs and little cost of sales with greatly benefit the two companies.

This strategic commercial partnership with EXMO is a critical step in incorporating blockchain and cryptocurrency related offerings in our ecosystem. GoverMedia's goal is to satisfy every online need through one single platform, and the successful integration of EXMO's trading platform is a key first step to achieve the company's strategic objectives. 

 

Roland J. Bopp

CEO, GoverMedia

EXMO online exchange offers 48 currency trading pairs with an opportunity to trade in FIAT currencies. GoverMedia platform offers services in e-commerce, social media, multimedia, corporate auctions, corporate database, messaging platform and crowdfunding services.

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   166

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.