ARK to hold a hackathon and a workshop Open Geneva

Blockchain solutions provider ARK is hosting a large hackathon and a workshop Open Geneva in Switzerland on April 12 through 14
05 April 2018   568

The ARK team has announced it is going sponsor and attend Open Geneva - a hackathon and workshop event in Switzerland with its own hackathon and workshop taking place on April 12-14. Hundreds of participants will be able to work together to design and produce innovative solutions to exceptional challenges. ARK will work in a close cooperation with Prodibi (Geneva-based picture sharing platform) and Fusion Hub (works on fintech solutions and manages a Blockchain Lab) during the event. Prodibi infrastructure will grant ARK the ability to create and put watermarks of images on the blockchain.

The attendees will include:

  • François-Xavier THOORENS / CTO of ARK
  • Kristjan KOŠIČ / Hackathon General Manager — Core Developer at ARK
  • Juan MARTÍN / Full-Stack Developer at ARK
  • Jean-Henry MORIN / Professor — Institute of Information Service Science (ISS), University of Geneva
  • Jörn ERBGUTH / Assistant — Institute of Information Service Science (ISS), University of Geneva
  • Olivier HAMEL / General manager, Prodibi
  • Frédéric HAMEL / CTO, Prodibi

ARK provides users, developers and startups with innovative blockchain technologies with the purpose to create an entire ecosystem of linked chains and a virtual spiderweb of endless use-cases. At the moment of publication, the market indicators for ARK are as follows

Average price: $2.08

Market cap: $211,422,689

Volume (24H): $3,989,150

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   410

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.