Berlin’s Neufund to support Malta setting Blockchain

Malta government declared that Ethereum-based Neufund is joining its efforts to further rendering the nation’s economy
17 April 2018   1067

With its staff in Berlin, Neufund is a blockchain fundraising platform that was established 18 months ago by Zoe Adamovicz and Marcin Rudolf. The platform lets the firms and companies to increase their income on the blockchain by putting out tokens like shares of stock.

Nevertheless the company claimed it had become interested in Malta by the country’s progressive vision of the part of blockchain technologies that could play across many sectors of government and the economy. This included the accepting in February 2018 of the Distributed Ledger Technology (DLT) Regulation to stimulate blockchain companies to relocate to Malta.

Looking at Malta’s vision and progress in creating a complete blockchain ecosystem, we have decided to engage our know-how and offer support in building the blockchain future of this progressive-thinking EU member state. Together with Malta’s government, we want to kick-start the creation of crypto-friendly laws, with Malta’s DLT framework initiative already serving as a great foundation. 
Zoe Adamovicz, Neufund, CEO

After passing the DLT, Malta has involved other crypto exchanges, including Binance and OKEx, that has really given growth to a blockchain ecosystem. With the supplementation of Neufund, Malta is going to become more deeply associated with the technology, both to attract even more investment and to reinvent many of its own government structures and banking systems.

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   235

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.