OP Coin undergoes a swap

OP Coin is going to start a swap of its initial OPC to OPCX on May 14 along with the Masternode wallet release
08 May 2018   1537

As OP Coin prepares for the swap, the project has announced the start date on May 14. The swapping period ends on May 29. A special bot accomodating the swap to OPCX is under development and testing. The original OPC blockchain will remain in tact with only 60-75% of all OPC to be swapped. OPC and OPCX will be connected in certain ways to support each other. The ratio of the swap is 20:1 with all the swapped OPC to be burned.

The project's new domain is under development for the new token

Simultaneously with the start of the swap an OPCX Masternode wallet is going to be rolled out. The wallet will feature extra privacy. To learn more about the details of the swap, you can read the OP Coin biweekly update here. Concerning the market parameters of the OPC at the moment of publication, they are as follows:

Average price $0.004117
Market cap $587,757
Volume (24H) $314,298

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   197

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.