Sociall is set to release closed beta version for testing

The company announced its closed beta version release date is scheduled for March 26 with the focus of fixing bugs and removing security vulnerabilities
21 March 2018   638

The startup Sociall that designs decentralized social network has announced at its Medium blog page the release date of their platform closed beta testing. This announcement follows the end of the closed beta registration with nearly 300 people having signed up. Despite the end of the registration new spots will get opened for more users depending on the quality of the testing process: the next 100 users will be added judging by how the system handles the former 300 already signed up ones This situation is actually the result of an overwhelming interest in the platform. All those who have signed up will receive an email with the instruction on how to get started with the beta testing.

The beta version includes such features as user profiles, blocking/unblocking users, further instant messaging improvements, image posts, link posts, multimedia posts (video, audio — embedding only) testing and debugging. During the beta stage user profiles will be polished off, new feed designs will be added and release structure will be improved. Features like community, groups and events will be added upon the end of the beta testing.

Before the launch of the beta testing stage, third party security audits are planned to be completed and the necessary fixes be applied. The audit concerns main frontend application, authentication server, api server, image processing micro-service, sockets micro-service. According to the roadmap, the community section is planned to be added half way through the beta stage, and the next stage should be public launch set to May, 2018.

To the moment of the publication, the Sociall's token SCL market parameters are as follows:

Average price: $0.242137

Market cap: $4,047,083

Volume (24h): $1,153

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   410

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.