Radix to Replay All BTC Transactions in 15 Minutes

Radix is developing a DLT alternative, with which it has a lot of common, but at the same time it is more scalable and easier for devs to work with
13 June 2019   965

The Radix project had conducted visual testing of the capabilities of its technology in a “live” format.

According to the announcement on Twitter, testing begun 12.06 at 9:30 Eastern time. During the process, Radix promised to reproduce all transactions from the Bitcoin blockchain, that had been recorded there for 10 years of cryptocurrency existence. The entire procedure is expected to take less than one hour. Thus, the project intends to demonstrate the bandwidth and scalability of the solution created by it.

Team was able to perform successful test in 15 minutes. That's 4 times less than expected. Impressive result.

Radix is developing an alternative to the blockchain technology, with which it shares characteristics such as decentralization and protection against unauthorized access, but at the same time it is more scalable and easier to handle for developers. To do this, the project uses database sharding, which ensures linear scalability of registries.

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   159

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.