Oyster to Release Mainnet in April 2018

Oyster will release the Mainnet in April 2018 including refinement of the software, the addition of the Distributed Reputation System and more
28 March 2018   2288

Oyster is a protocol for storing data on the IOTA Tangle, which lays the foundations for the next decentralized web. Oyster distinguishes itself from other projects by having a fully specified protocol definition in the whitepaper, and engages development within the ethics of decentralization.

According to the roadmap of Oyster, it will release the Mainnet in April 2018, including refinement of the software, the addition of the Distributed Reputation System, aiming to make Oyster fully functioning and available for use with the integration of the Oyster Contract.

It is worth noting that in February 2018 Oyster has already released the Testnet with Protocol logic concerning Web Node operation in Alpha status. In the future, Oyster plans to let the users write and execute Decentralized JavaScript applications on the Oyster Network.

At the moment of press, these are main market parameters of Oyster:

Average price: $1,05
Marketcap: $75 160 951
24h volume: $745 534

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   174

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.