HempCoin Hard Fork Postponed

HempCoin has issued an announcement stating that THC will hard fork in the second quarter of 2018
21 March 2018   2126

HempCoin was among the first 30 currencies developed in 2014 and is a highly focused digital currency for the Agriculture/Farming Industry and Marijuana/Hemp Industry, built on the source of Bitcoin, its use includes the Marijuana dispensaries and the entire Agriculture/Farming trade business.

In February 2018 we have reported about the plans of HempCoin to implement the hard fork on February 23, but reportedly those plans were changed. HempCoin has published an announcement stating that THC will hard fork in the second quarter of 2018. The new THC token will be an anonymous coin and feature masternode capabilities.

Hempcoin hard fork updateHempCoin Hard Fork Update

The team of the project claimed that with the creation of HempPAY and the desire to not only remain competitive but lead the way in the crypto-cannabis sector, the only option is a fork with the outcome being a far superior THC token. The new HempCoin should not only become an upgrade from the current token, but the most technologically advanced coin in the cannabis field.

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

Average price: $0,055789 
Market cap: $12 858 226
24h volume: $113 118

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   235

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.