Ifpaytt - New LApp by Blockstream Announced

Last applocation within the "Week of LApps" presented
28 March 2018   605

Blockstream introduced the last application within the "Week of LApps" - Ifpaytt (If Pay Then That). Created on the basis of the IFTTT infrastructure (If This Then That), it is declared as a "companion" software for Paypercall, which allows you to configure a micropayment system without deep knowledge of programming.

It is noted that while Papercall is designed for professional Node.js developers, Ifpaytt allows to take advantage of the dynamic system of micropayments for not a pro coder.

Based on IFTTT, Ifpaytt uses the Lightning Charge and Paypercall functionality, allowing to create applets using combinations of triggers and actions. Payment of an invoice in the Lightning Network in this case becomes a trigger, and when it is triggered - a pre-programmed action is performed. The user just needs to create an IFTTT applet that connects them together. Detailed instructions can be found in the corresponding repository on GitHub.

From the client's point of view, the process will look exactly the same as when using Paypercall: when you navigate to the seller's URL, they will be provided with an account after payment which will give access to the service.

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   304

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.