Veritaseum is a clever contract, peer-to-peer wallet interface (β), currently with the Bitcoin blockchain (ported to ethereum). It allows non-technical creation of individuals and entities quickly, directly inputting and managing smart contracts with others without an authoritative third party. This is the first written in a public or private blockchain.

Project Highlights

Veritaseum is the gateway to peer capital markets. It allows any two or more individuals to trade value directly without relying on a centralized or authoritative third party. They can do this without worrying about typical legacy credit or adversary risks. A phenomenon, right? Of course, this begs the question...how is this done? Let's first see that it is not finished. Veritaseum is not a broker, fund, bank or exchange. It is a distributed, serverless (stateless) software and smart contract collection that runs through the blockchain!

Application Scenarios

VeADIR is an interactive digital research tool that provides exposure to its reviewed research topics. The study makes full use of distributed ledgers (blockchain) and smart contract technology because it can be both dynamic and applicable. This means that this study can and can be implemented in near real-time through this independent construction. VeADIR's methods and actions are based on independent of Veritaseum.

It is therefore designed to distinguish decisions from Veritaseum or other entities, and its behavior and existence must be regarded as autonomy and sovereignty. Communications are summarized in machine language with VeADIR, summarizing token purchases, distribution, valuation forensics and market liquidity. VeADIR will pay Veritaseum (tokens, dollar locks or other) for real-world research. Veritaseum then provides the results to VeADIR. Other smart contracts/structures (maybe preferred, where VERI holders can purchase access) or dedicated wallets can be used to convert the machine language into a non-professional-readable human language. 

The user pays VERI to VeADIR to obtain a contract processing study that VeADIR purchased from Veritaseum in machine language. This is probably the form of asset based on the most promising blockchain.

Major news

The U.S. Securities and Exchange Commission (SEC) announced a settlement with Veritaseum founder Reggie Middleton in early November 2019. Reggie Middleton agreed to pay a $9.5 million civil fine to resolve the SEC's allegations against him and its affiliates. Previously, the SEC applied for a temporary restraining order, freezing the assets of Reggie Middleton and its two entities under its name, Veritaseum, Inc. and Veritaseum, LLC (collectively known as Veritaseum). These assets include Reggie Middleton’s personal and project funds stored by traditional financial institutions such as Bank of America, Citigroup and JPMorgan, as well as his accounts on cryptocurrency exchanges Gemini, Kraken, Coinbase, and 15 addresses on the Ethereum blockchain. The SEC accused Reggie Middleton and Veritaseum of offering 51 million unregistered digital currency VERI through ICO and raising 69,000 Ether (valued at the then-ETH price, worth $14.8 million), violating the registration and anti-fraud regulations of the U.S. Federal Securities Act.

SEC also accused Reggie Middleton of having induced retail investors to buy their VERI tokens issued by them by spreading misleading information. In addition, he is suspected of raising the price of VERI by brushing volume and promising high returns. The price of VERI was once raised by about 315% in one day. Reggie Middleton has said it will attract more investment by continuously releasing growing trading volume or prices. Reggie Middleton is suspected of misappropriating $520,000 investor funds for personal consumption and transferring investor assets.

When the SEC announced a temporary restraining order against Reggie Middleton and Veritaseum in August this year, VERI's coin price fell from a low of $3.99 from more than $18, and then the coin price rebounded and is currently rising to $16.95, but the market trading volume is sluggish.

Related information:
https://www.bitmixc.com/information/bw/19263.html