HPB to launch its acceleration engine

High Performance Blockchain project will be launching the Blockchain Offload Engine acceleration engine on July 1 and hold a Node Ecosystem Meetup
28 June 2018   1015

High Performance Blockchain project is organizing a launch event for its Blockchain Offload Engine (BOE) acceleration engine with a Node Ecosystem Meetup at Shanghai Dongfang Wanguo Conference Center on July 1. BOE is the core of the project's hardware technology and consists of the BOE hardware, the BOE firmware and system software. It is a heterogeneous computing system that achieves achieves high-performance and high-concurrency computing acceleration by utilizing CPU serial processing and FPGA/ASIC parallel processing.

HPB is going to unveil the hardware and architecture with the introduction of the BOE acceleration engine. The project is the world's first blockchain project that solved TPS congestion issues by incorporating hardware and software. It relies on its research & development department and provides a chip-level acceleration engine with a strong emphasis on the open-source development of the blockchain technology. Price-wise, High Performance Blockchain (HPB) parameters are as follows:

Average price 2.06 USD
Market cap 61,237,322 USD
Volume (24H) 7,529,860 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   276

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.