McAfee changes the "Coin of a day"

John McAfee's daily column met criticism from cryptocurrency community
27 December 2017   3617

Last week John McAfee in his Twitter opened the column "Coin of the Day", in which every day recommended a new crypto currency. The community met McAfee's initiative with criticism, because immediately after the placement of the tweet a large number of traders started buying up the "promoted" crypto currency, selling it in a few minutes or hours. Thus, their actions did not differ from the notorious scheme of market manipulation "pump-and-dump".

McAfee reacted to these reports and decided to change the rubric a little.

Critics argue that the recommendations of McAfee attract exclusively speculators and prevent long-term investors from assessing the potential of the crypto currency they promote.

John McAfee is known as the creator of the world's first commercial antivirus. After leaving the company  in 1994 the entrepreneur tried himself in various fields, including the development of mobile applications, alternative medicine and the crypto-currency market.

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   213

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.