Power Ledger partners with BCPG to develop energy trading

Power Ledger and BCPG partnered in order to let users trade renewable energy from solar panels via secure banking interface in Thailand
18 December 2017   2279

On December 18, the renewable energy developer BCPG which is backed by Thailand Government, has made an announcement stating that it partners with Power Legder in aim to bring peer-to-peer renewable energy trading to Thailand.

As it was stated in the official announcement Power Ledger energy-trading platform will be used to let building managers trade renewable energy from solar panels installed on each building with autonomous financial settlement enabled via the use of a secure banking interface.

BCPG is currently in a process of selecting a bank in Thailand which will provide financial settlement for peer-to-peer energy transactions in Asia.

This will help reduce the government’s investment in building large-scale power plants to meet the growing demand for electricity and at the same time offer customers and consumers a greater choice of electricity from renewable energy in the form of Peer-to-Peer energy trading.

Bundit Sapianchai

President, BCPG

The price of Power Ledger has started to rise rapidly following the news, having grown 5% within one hour which led to the numbers of 55% increase within past 24 hours and 107% within past 7 days. Power Ledger has exceeded the price of $1 at 06:15 UTC on December 18.

Power Ledger charts december 2017Power Ledger Charts

At the moment of press, the coin continues to grow in price and those are main market parameters of Power Ledger:

  • Average price: $1,13
  • Marketcap: $399 344 162
  • 24h volume: $134 390 000

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   213

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.