Blockchain & Bitcoin Conference comes to Australia

The first Blockchain & Bitcoin Conference in Australia will be held on May 29 to gather cryptocommunity, blockchain enthusiasts, and business representatives to discuss blockchain technology and cryptocurrency market
26 April 2018   843

Sydney is hosting a session of Blockchain & Bitcoin Conference on May 29 at Sydney Convention and Exhibition Centre. The conference is organized by Smile-Expo, an experienced organizer of several successful blockchain events in Europe and the CIS. The event is a part of an international series of conferences alike. Main focus of the conference are:

  • legal regulation of cryptocurrencies in Australia and around the world;
  • development of the digital economy of the state;
  • tools for new blockchain solutions;
  • blockchain application in business processes;
  • ICO launching: best practices of token issuers and guarantees for investors.

Here are some of the participating speakers:

The conference will also feature an exhibition area: an opportunity to talk to the leading cryptocurrency services representatives, test new equipment and software, find investors and network. More information about the event including the agenda 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   410

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.