Gulden to release Proof-of-Word-and-Witness algorithm

PoW^2 along with SegSig and Sonic are to be released on June 28 by Gulden to improve network security and transaction speed
26 June 2018   821

Gulden is ready to launch its improved PoW^2 algorithm on June 28. It is claimed to greatly increase the Gulden blockchain security and allows to earn Gulden by participating as Witness. Along with the algorithm, a Segregated Signature concept is also implemented along. The concept is going to improve space consumption on the blockchain of the most transaction types.

Last but not least - Sonic, will allow new users to use Gulden wallet within a matter of minutes without long synchronization wait. The development progress of the PoW^2, SegSig and Sonic can be traced here. Gulden is a blockchain-based payment system that allows users to send money to each other, wire it to any IBAN account, pay at Gulden merchants and get a return. At the moment of publication, Gulden (NLG) market indicators are as follows:

Average price 0.069090 USD
Market cap 27,630,832 USD
Volume (24H) 98,686 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   277

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.