Infinity Economics to release subscription feature

Following the release of crowdfunding IEP is rolling out subscription feature on April 21
10 April 2018   1099

With the announcement of the new feature roadmap, detailing the activation of the platform's new features as the blockchain reaches a certain height, on April 21 Infinity Economics has set to launch its subscription functionality, Previously, managing and scaling subscriptions was a tedious process. With this subscription feature embedded into the platform, users will be able to initiate and cancel any decentralized recurring payments at any time. These recurring payments are usually designed for services with multiple payments over time, or merely to keep a special account 'alive' by replenishing its balance.

A new enhanced transaction framework is the foundation of the subscription mechanism. Such foundation now allows users to make payments of any size and interval to other accounts. The upcoming IEP marketplace shall have the subscriptions as an integral part. Infinity Economics is aiming to build a cryptocurrency market with a superb level of security and a low margin of membership.

At the moment of publication, the market parameters for Infinity Economics are as follows

Average price: $0.010545

Volume: $298,887

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   174

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.