Zeepin to Release ZeeWallet Alpha

ZeeWallet alpha version will be released by the end of April 2018
11 April 2018   1625

Zeepin is a customised platform that provides protection, recognition, connection and more support for everyone in the creative industries. Anchored on decentralising one of the fastest growing industries in the world currently stunted by inefficiencies, Zeepin is using innovation to launch a borderless and transparent new economy with its own ZPT digital currency.

On April 11 Zeepin has issued a progress update, highlighting all the greatest expectations of the platform. One of the most exciting events which are coming in the nearest future is the release of ZeeWallet, created and developed by development teams from Zeepin community. Its alpha version will be released by the end of April 2018.

Moreover, Zeepin TestNet will be launched on April 21 while its MainNet will be officially launched within next 3 months. Also, the release of other dApps will follow the progress of the MainNet.

What is more, Zeepin is working on ZeeRights for the community users, the testing version of which will be launched by May 2018.

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.