Aion comes to Israel for its first meetup in Tel-Aviv

Aion is joining Bancor for its meetup in Tel-Aviv on April 8 to discuss cross-chain development
26 March 2018   763

Bancor Protocol development team has announced it's hosting Toronto-based Aion at AYEKA venue in Tel-Aviv on April 8. The topics of the coming discussion cover cross-chain networks development and building inter-chain bridges. The premise to the topic of cross-chain interaction is that in the future blockchains will topologically become aligned with 'spoke-hub' distribution paradigm (a form of transport topology where traffic routes are organized as a series of 'spokes' connecting outlying points to a central 'hub'). Such topology is intrinsic to the Internet, and blockchain will eventually exchange data and value based on that concept.

Nowadays, developers are already creating app and smart contracts that transact across multiple chains. The meetup will introduce the experience and knowledge of Bancor and Aion teams in the terms of tools and techniques for designing tomorrow's inter-chain bridges. Drinks and foods will be served throughout the whole meetup. The agenda of the event is as follows:

1.  19:00 - Mingling

2.  20:00 - Lightning Talks:

  • Galia Benartzi, Bancor Co-Founder
  • Kesem Frank, Aion Co-Founder

3.  20:40 - Live Coding Demos

4.  21:00 - Radically honest Q&A with Bancor & Aion teams

Aion has built a multi-tier blockchain network and designed a protocol for connecting blockchains. Bancor is prominent for its Smart Tokens cryptocurrencies with built-in convertibility directly through their smart contracts. Bancor Protocol enables formulaic price calculation and continuous liquidity for all integrated tokens thus matching two parties in an exchange is redundant.

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   233

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.