Lisk is to release Core 1.0.0 to TestNet

Lisk Core 1.0.0 will be rolled out to the public Testnet on June 28 as the milestone migration from 0.9.16
26 June 2018   801

Lisk project is planning to migrate from 0.9.16 to 1.0.0 and release Core 1.0.0 to the public Testnet on June 28. The migration block height is set at 5,594,490. A comprehensive Lisk Documentation and Migration Guide will be published on June 25. A README file is going to be updated prior to rollout. Also transaction types 6 and 7 will be temporarily suspended. The thorough test indicate a fully functional 1.0.0 node with a testnet network blockchain. The last QA round was also successfully finalized with fix of minor migration scripts issues.

Lisk Core is a tool for advanced technical users who want to access Lisk’s main network blockchain data, secure the network infrastructure or attain delegate forging access. Lisk makes it easy for developers to build and deploy blockchain applications in JavaScript, building an ecosystem for world-changing dApps. At the moment of publication, Lisk (LSK) market parameters are as follows:

Average price 5.40 USD
Market cap 579,743,439 USD
Volume (24H) 7,608,820 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.