Nebulas to Buy Back NAS Tokens

This announcement had great implact on token's price - it gained almost 50% in 24h and and its average price is $1.79
10 June 2019   754

The founder of the Nebulas Hitters Xu announced a campaign to buy-back NAS tokens from the secondary market, which was immediately reflected in the price of the asset.

Tokens acquired in this way will be blocked and transferred to the NAS pledge pool. Later, in order to ensure transparency, the project organizers will announce the address that they will use to translate the NAS purchased in this way.

Nebulas Price Chart
Nebulas Price Chart

The Nebulas rate against the background of this news rose by 53% and reached $ 1.83, which is comparable with the values of October last year.

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   182

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.