Monero hardfork completed successfully

Use of "ring confidential transactions" (RingCT) is now mandatory for XMR
16 September 2017   2783

Developers of Monero reported on the successful completion of hardfork.

Initially it was assumed that the protocol upgrade would take place on September 21, but later this date was postponed to an earlier date. The reason for the date shift was the growth of the network hash. At the moment, this figure exceeds 250,000,000 h / s.

The new version of the software introduced mandatory use of the so-called "ring confidential transactions" (RingCT). Previous releases also included RingCT, but their use was not mandatory.

Monero Charts
Monero Charts

At the press time, the average price of Monero (XMR) is over $ 91. The market capitalization of the coin is estimated at $ 1.519 billion, and according to this indicator XMR takes 8th place in the overall rating of the cryptocurrency.

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   392

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.