OriginTrail releases Explorer version

OriginTrail v0.9a with the codename "Explorer" is going public on June 4 with improvements on privacy layer
04 May 2018   815

Protocol for supply chains developer OriginTrail is releasing v0.9a on June 4. The codename of the release is Explorer. As the Zond release has introduced a 'zero-knowledge' privacy layer, an updated version of it - V2, will be the key component of the Explorer release. A 'zero-knowledge' proof mechanism implementation provides a way to check that private information matching is provable without revealing the information itself.

The privacy layer is a part of a consensus check that the entire supply chain is in accords regarding a batch of products. Apart from the privacy layer improvements, another standard will be introduced. The exact standard is yet to be determined, and that decision will be based upon the use cases and implementation feedback. This new standard will add up to GS1 EPCIS and initial standardization.

OriginTrail is trying to revolutionize the supply chain with the application of the blockchain protocol of its own and a decentralized network of its own design. To learn more about the project, you could visit the project's homepage here. As for the market parameters of OriginTrail's TRAC at the moment of publication, they go as follows:

  • Average price $0.22812
  • Market cap $61,195,647
  • Volume (24H) $1,136,680

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   410

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.