PolySwarm advances into a Beta

The first decentralized antivirus marketplace is on schedule with the roadmap and is releasing its v0.2 Beta on May 31
28 April 2018   863

Following the release of Alpha at the end of April, PolySwarm is advancing onto a Beta version on May 31. The Beta will feature delivering PolySwarm Offer support over Raiden-style Channels established between Ambassadors and Experts. PolySwarm's testnet will handle Channel Open, Channel Close and settlement. Bug fixes and improvements will follow the release as the feedback starts coming from early testers.

To conclude the release notes, here are the key notes:

  • Offer Channels

Distributed Channel Establishment, multiple offers via single channel and NCT settlement at Channel Close

  • Reference implementation for Offer production and response.

The project is very much like Bitcoin, but instead of mining a global community of anti-malware experts compete to best detect today's threats. To learn more about the project, you can visit the page here. Regarding PolySwarm market characteristics at the moment of publication, they are as follows

  • Average price:  $0.011666
  • Market cap:       $17,128,191
  • Volume (24H):  $56,379


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.