Veritaseum is a smart contract, peer-to-peer wallet interface (beta), currently integrated with the bitcoin blockchain (ported to ethereum). It allows non-technical individuals and entities to quickly create, directly enter and manage smart contracts with others without an authoritative third party. It is the first to be written on a public or private blockchain.

Project Highlights

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

Application scenario

VeADIR is an interactive digital research tool that provides exposure to its censored research topics. The study leverages distributed ledger (blockchain) and smart contract technology as it can be both dynamic and applied. This means that this research can and can be carried out in near real-time with this independent build. VeADIR's approach and actions are established independently of Veritaseum.

As such, it is designed to separate decision-making from Veritaseum or other entities, and its actions and existence must be considered autonomous and sovereign. Communications are aggregated with VeADIR in machine language, summarizing token purchases, distribution, valuation forensics, and market liquidity. VeADIR will pay Veritaseum (tokens, USD locked or otherwise) operating expenses for real world research. Veritaseum then provided the findings to VeADIR. Other smart contracts/structures (possibly preferred, where VERI holders can buy access) or specialized wallets could be used to convert said machine language into lay-readable human language.

Users pay VeADIR VERI for contract processing research purchased by VeADIR from Veritaseum in machine language. This is probably the most promising form of blockchain-based asset.

Breaking news

The U.S. Securities and Exchange Commission (SEC) announced in early November 2019 that it had reached a settlement with Veritaseum founder Reggie Middleton. Reggie Middleton agreed to pay a $9.5 million civil penalty to resolve SEC charges against him and his companies. Previously, the SEC applied for a temporary restraining order freezing the assets of Reggie Middleton and two of its entities, Veritaseum, Inc. and Veritaseum, LLC (collectively, Veritaseum). These assets include Reggie Middleton's personal and project funds stored at traditional financial institutions such as Bank of America, Citigroup and JPMorgan Chase, as well as his accounts at cryptocurrency exchanges Gemini, Kraken, Coinbase, and 15 addresses on the Ethereum blockchain. . The SEC accused Reggie Middleton and Veritaseum of selling 51 million unregistered digital currency VERI through ICO, and raised 69,000 Ethereum (valued at $14.8 million at the ETH price at the time), violating the US federal Securities Act. Registration and Anti-Fraud Regulations.

The SEC also accused Reggie Middleton of enticing retail investors to purchase the VERI tokens it issued 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 that it will attract more investment by continuously announcing increased transaction volume or price. Reggie Middleton allegedly misappropriated $520,000 of investor funds for personal consumption and diverted investor assets.

When the SEC announced the execution of a temporary restraining order against Reggie Middleton and Veritaseum in August this year, the price of VERI fell from a minimum of over US$18 to US$3.99, and then the currency price recovered and has now risen to US$16.95. However, the market trading volume downturn.

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