BABB is hosting a meetup in Dubai

BABB will hold a meetup on banking decentralization with blockchain on May 7 to introduce the project and share the perspectives
07 May 2018   813

BABB is making an attempt to become the world's first bank that provides decentralized services under a license in a secure environment. Apart from the blockchain technology it is using AI, biometrics to design a global decentralized banking network.

BABB is organizing a meetup in Dubai on May at Grand Hyatt Hotel. The key points of the event are:

  • product vision speech by CEO Rushd Averroes;
  • project story with a showcase of a successful token sale;
  • updates on obtaining a banking license, securing strategic partnerships, and launching our mobile app and payment card;
  • private round of the equity crowdsale

Complimentary drinks throughout the evening and plenty of time for questions, discussion and networking are all going to be the components of the meetup. To learn more about the event you can visit the Eventbrite page here. At the moment of publication, BABB's BAX market characteristics are as follows

  • Average price: $0.001976
  • Market cap: $41,405,600
  • Volume (24H): $354,791

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   346

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.