OriginTrail to launch Lunar Orbiter

On June 18 OriginTrail is releasing its release candidate prior to the testnet launch with the codename Lunar Orbiter and is featuring payment mechanism and consensus check improvements
04 May 2018   755

First purpose blockchain protocol for supply chains developers OriginTrail is getting ready for the Testnet launch of its blockchain as June 29 is approaching. This time though a Release Candidate is to be presented to the public. On June 18 OriginTrail protocol v1.0b will be rolled out. It will bear the codename of "Lunar Orbiter".

The release features:

  • V2 of payment mechanism with testnet tokens;
  • V2 of consensus check with privacy layer (zk).

Earlier versions of Luna and Ranger have implemented the initial version of payment mechanism with the compensation system utilizing tokens on Ethereum test network. As for the consensus check, the Surveyor release implemented the first version of it - the check acts as a validation mechanism for interactions between supply chain parties used in OriginTrail protocol.

At the moment of publication, the market characteristics of OriginTrail's TRAC are as follows:

  • Average price $0.233841
  • Market cap $62,729,542
  • Volume (24H) $1,299,800

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   235

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.