Blockchain Summit to be hosted in London

A 2-day conference and exhibition Blockchain Summit London will take place on June 26 through June 27
02 May 2018   588

Europe's largest dedicated blockchain event for business leaders, Blockchain Summit London will be held on June 26-27 at Olympia Conference Centre. With no co-located events, the conference offers a focused program with visionary speakers discussions, case studies of blockchain deployment in such areas as finance, insurance, logistics and more. Upon that, the agenda is enriched with roundtable discussions and hosted networking sessions for an even deeper understanding of the topics to be covered.

Here is the list of some of the notable speakers at the event

Sponsors for the conference include Pillar, IBM, Oracle Cloud, SAP, CryptoFuse and others. The sponsors will also host the exhibition session unveiling the latest solutions based on blockchain. To learn more about the project, including its agenda, you could visit the official page of the event.

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.