GreenAddress supports SegWit

Popular bitcoin wallet announced the Segregated Witness support
07 September 2017   1918

Representatives of the popular bitcoin wallet GreenAddress reported about the support for the Segregated Witness (SegWit) solution. 

As noted, users of GreenAddress will receive notification of an upgrade during the next authorization, as well as the choice of whether to support the SegWit solution or not. GreenAddress representatives also note that if the user does not see the appropriate notification about the upgrade, then most likely his version of the wallet is outdated and he needs to be updated to the latest version.

We have supported segwit in our testnet environment for a long time now, and with segwit locked in on the main chain, we have deployed the changes needed to enable this to the main service. When you next log in to your wallet you will be upgraded to segwit and offered the chance to opt-out. If you don’t see the upgrade prompt, your client is too old and you will need to update it. Once segwit is enabled on your account and you have generated at least one receive address, it will be locked in and you will no longer be able to disable it.
 

GreenAddress team

 Also the GreenAddress noted the low cost of SegWit transactions.

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.