New cryptocurrency to become a gift for the Royal Wedding

Royal Coin, a new cryptocurrency created just for the instance, to become a gift for the Royal couple on their wedding day
09 April 2018   387

The Royal Wedding is a hot topic for the news outlets across the UK. And as usual there will be gifts to the royal couple. One of them will be a little unusual, but very much in line with hyped trends of nowadays.

Royal Coin, a brand-new digital currency, will be gifted to Prince Harry and Megan Markle on May 19th. British Monarchist Society and Foundation, and organization which aims to support and promote British traditions and heritage, endorsed the new coin together with ICO Rocket who advertised the ICO.

The main goal of a new digital currency is to be not only a gift to the couple, but also provide support to the charities of royal couple's choice and to help fund a unique “Royal Wedding edition” of the Crown and Country Magazine.

CEO of ICO Rocket Shahar Namer elaborated, that the Royal Coin “was born out of goal of engaging people to be a part of Royal Wedding in an entirely new and modern way” and that it has a point of supporting three good causes as a gift to the royal couple.

British Royal Weddings are always a widely celebrated and broadcast events for a whole country, so people naturally flock towards such projects to express their interest and participate in a gift to the newlyweds.

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   236

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.