Premature Monero hard fork

Monero hard fork to happen sooner due to an increased hashrate 
09 September 2017   2887

A planned Monero hard fork is to happen sooner due to an increased hashrate. 

As reported by, the hard fork originally planned for September 21st, is now likely to occur on September 16th. The question of whether to adjust the block number to prevent a premature fork was addressed at the developer meeting. Thus, the developers have decided to change the hard fork schedule.

As detailed, the hard fork is to introduce the mandatory use of so-called "ring confidential transactions" (RingCTs) on the network, though the majority of Monero users are already utilizing the currently optional technology.

Cryptocurrency chart on
Cryptocurrency chart on

At the time of writing, Monero occupies the eighth position in the list of cryptocurrencies by market capitalization, which currently stands at $1.72 billion and its token is worth about $114.

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.