Astana to host a blockchain summit

Second annual summit on blockchain technology and cryptocurrency will be held in Astana on June 14 titled 'Let's Blockchain This World Together'
07 May 2018   815

The main blockchain conference of the Central Asia region will take place once again in Astana. On June 14 Blockchain Conference Astana, or B Conference, will kick off at Marriott Hotel Astana. The summit is assembling the representatives of the industry of cryptocurrency and blockchain from all over the world. The mission is to share the experience of the success in the technology sector relevant for the region. Structurally, the conference is comprised of a conference (keynotes and discussions), exhibition, ICO pitching, networking breaks and a dinner.

Here are some pf the speakers at the summit

And the agenda is as follows

09.00 - 09.30 Registration
09.30 - 10.00 Welcome speech
10.00 - 12.00 Blockchain technology for Kazakhstan – implementation spheres and new ways for development
12.00 - 12.30 Coffee-Break
12.30 - 13.30 Blockchain for business
13.30 - 14.00 Blockchain for e-gov and fintech solutions
14.30 - 15.00 Coffee-Break
15.00 - 16.00 Discussion Panel: Crypto assets regulation in CIS countries
16.00 - 17.00 ICO Pitches
17.00 - 18.00 Attractive climate for crypto investment
20.00 - 22.00 Festive dinner

To learn more about the event you could visit the official page here.

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   174

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.