BitFury expands in Japan

BitFury Group opens representative office in Japan
27 September 2017   1219

The world’s leading full-service blockchain technology company, BitFury Group, announces the opening of a new office in Japan.

As reported, a Tokyo office is to be led by veteran finance and technology expert Katsunori Aonuma.

Japan is an extraordinarily innovative place and a crucial area of growth for Blockchain technology. We look forward to building new customer relationships and designing the products they need to make their enterprises run more securely and efficiently.
 

Valery Vavilov
CEO of The BitFury Group

Aonuma brings 13 years of experience to BitFury in finance, focusing on technology and media in investment banking, private equity and venture capital. The man claims that he is “thrilled to play a key role leading BitFury’s business growth in Japan”. As the foundational full-service Blockchain company, BitFury will become a huge advocate in Japan.

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.