SunContract is set to launch its P2P electricity trading platform

SunContract is finalizing Stage 2 of the platform and prepared to release it on time on April 13
27 March 2018   677

SunContract developers team has shared the news concerning the Stage 2 of its platform for peer-to-peer retail electricity trading: as the troubleshooting and testing phases are coming to the conclusion, it is reported that a partner company in Slovenia SONCE completed the contracts signing with the platform Pioneers. Thus, the launch of the platform is on schedule - April 13. The upgrade process will go as follows: on April 1 Stage 1 platform will be deactivated, Pioneers registration and on-site purchases will be disabled for the time being - the so-called 'Hideaway Period'. The period ends on April 13 with the official reveal and activation of the Stage 2 of the platform.

Also, on April 1 the production and supply of P2P energy will begin to Slovenian households, and the Pioneers will be able to enjoy the unique automatized algorithm that makes the engine of the renewed platform. After the presentation at the Smart Villages (high guests and speakers from all of the EU are attending) in the morning of April 13, the working version of the Stage 2 will come online at 3pm and the update of mobile apps (users will be able to check hourly consumption, production and transactions through the app) will be necessary - the web version will update automatically.

At the moment of the publication, the market parameters for SunContract are as follows:

Average price: $0.180142

Market cap: $20,738,882

Volume (24h): $6,862,600

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.