OriginTrail is updating its protocol

OriginTrail has announced the release of the update of its protocol - Zond, on May 7 with more compatibility and privacy
18 April 2018   798

Supply chain-focused blockchain OriginTrail is launching its Zond update of the protocol on May 7. The version number is 0.7a. The update is introducing the following changes:

  • Initial version of zero knowledge privacy layer
  • Neo4j Compatibility
  • Standardized and documented graph logic

As OriginTrail analyzed the performance and usage of its protocol, the new release further details the standard and documents OriginTrail graph structure. To allow further flexibility in the data layer for implementation, i.e. allow to choose more than one database, Zond gets compatible with Neo4j database. Also, the update implements the initial version of the zero-knowledge privacy sublayer.

At the moment of publication, the market parameters of OriginTrail are as follows

  • Average price: $0.142156
  • Market cap: $36,179,78
  • Volume (24H): $172,715

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   223

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.