Block O2O Blockchain Summit to be held in Hong Kong

Block O2O Blockchain Summit, a member of the World Blockchain Consortium is set to take place on May, 8 to discuss the most prominent applications of the technology
18 April 2018   638

NexChange is gathering the blockchain ecosystem of the world in a one-day event in Hong Kong - Block O2O Blockchain Summit. It is taking place on May 8 at PMQ venue in the district of SOHO. This event is brought in partnership with World Blockchain Consortium, Blockchain Center of Hong Kong, University of Waterloo alongside with other partners. Among the notable speakers, there are Bitcoin Center NYC founder Nick Spanos, Universa Borodich founder and CEO Alexander Borodich, Hyperledger Director of Ecosystem Dr. Marta Piekarska, Blockchain Lab founder and CEO Ismail Malik and others. 5 key topics are going to be addressed during the summit:

  • Interoperability and the next wave of blockchain - as the technology matures interoperability must be addressed in order not to end up with Blockchain Tower of Babel
  • Financial institutions and blockchain - the discussion on how 'old-school' financial institutions are implementing the new technology and what challenges they are facing
  • Cryptomarkets and exchanges - the future of crypto exchanges as traditional banking tries to shut them down will be discussed
  • Proof of Concept/State/Work/Time and Space - global leaders will look at how real progress in the blockchain area can be properly measured.
  • ICOs, VC, Funds Plus - during this session the panel of investors will look at how investment is spreading from the solo investor to the institution.

The complete agenda of the event can be found 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   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.