United Colors of Benetton to Accept Crypto

Now clients can buy United Colors of Benetton clothes in Lithuania for Bitcoins, Ethers, Dash and Steem
30 March 2018   1278

The Lithuanian division of United Colors of Benetton announced the beginning of acception of bitcoin and other cryptocurrencies as a method of payment. In the future, the company believes, this option will be available in stores around the world, reports Trustnodes.

In addition to bitcoin, users can now pay with Ethereum, Dash, Nem and Steem in the stores of United Colors of Benetton in Vilnius. Processing support is provided by CopPa.

 In the future, payment by cryptocurrency will be available everywhere. We are pleased to announce that United Colors of Benetton in Vilnius are the first who will accept cryptocurrencies. We would like to support the idea of freedom and variety of different payment possibilities. Lithuania is already joining the world trend of money digitalization. Lithuanians actively contribute to the development of the crypto-infrastructure. Now you can pay with cryptocurrency in many restaurants, shops, boutiques, barbershops, computer services and fitness centers in Vilnius.
 

Arturas Zuokas

Co-owner,  Lithuanian franchise of United Colors of Benetton

Earlier this week, the Lithuanian processing unitary company Coingate signed an agreement with the e-commerce application Prestashop. The partnership will allow more than 80 thousand European shops to accept bitcoin and other crypto-currencies for payment.

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.