Telegram Open Network Closed Testing to Start

According to one of the companies, taking part in testing, TON processes transactions with “extremely high speed”
11 April 2019   784

Telegram has started testing the Telegram Open Network (TON) payment blockchain platform. This is reported with reference to the leaders of the two companies that are participating in testing, by Russian media Vedomosti.

Access to the test version of TON was obtained by several professional teams consisting of blockchain developers from around the world, including Russia.

According to one of the interlocutors of the publication, there are no specific test results yet, but it is already obvious that TON processes transactions with “extremely high speed”.

Initially, the testnet launch was to be held in January, however, the developers, apparently faced with unforeseen circumstances.

In March, TON developers reported that the platform is 90% ready. In addition, the company has begun negotiations on listing the token GRAM on major Asian marketplaces - Huobi, Binance and OKEx.

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   2054

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.