HTC Exodus 1 to be Available for Fiat

At the moment EXODUS 1 is sold only in the online, but HTC is ready to negotiate with retailers regarding offline sales
26 February 2019   536

Taiwanese electronics maker HTC has started selling blockchainsmartphones EXODUS 1 for fiat currencies, Litecoin and Binance Coin. The price of the gadget is $ 699. 

Note that at the moment EXODUS 1 is sold only in the online store, but HTC is already in talks with telecom operators about physical sales in their stores.

At the same time, Opera browser support appeared in EXODUS 1, which will allow users to make microtransactions directly on sites. Zion Mobile Wallet also allows payments through decentralized applications.

In this case, Zion works in a trusted execution environment without communication with the operating system of the phone itself, which enhances the security of the wallet.

Starting today, EXODUS 1 also supports decentralized Decentraland and Etheremon applications.

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   182

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.