Lightning Jukebox by Blockstream Presented

Lightning Network brings new life to a classic machine
29 March 2018   600

Blockstream introduced the final Lightning application within the "LApps Week" - the Lightning Jukebox. As the developers note, the application is more entertaining - it is intended to serve as a good example of how even such an archaic device can be upgraded with the help of Lightning Network technology.

Lightning Jukebox - a modern version of jukeboxe, which can usually be found in bars and other similar establishments. For a modest fee, visitors can choose and include their favorite song. The main differences between LApp and traditional mechanical devices are payment using the Lightning Charge system and QR code, and the terminal plays not only audio, but also video-music tracks are broadcasted from YouTube.

The developers note that the Lightning Jukebox is a great example of creating Lightning Charge applications. The program consists of only 128 lines of code and demonstrates how easy it is to integrate a system of micropayments based on Lightning. In addition, LApp provides an overview of how services can be monetized in the Lightning Network.

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   223

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.