Blockchain technology to have its own award

Golden Token Awards 2018 will be held on June 14 to recognize the most prominent contributors to the industry
03 May 2018   1376

The public will now have the chance to discover promising blockchain enthusiasts and companies in the blockchain technology sector. Global Token Awards 2018 is to be organized in Silicon Valley on June 14. The course of the ceremony includes 2 honors in every category, i.e. The Golden Token Award and The Golden Token People's Choice Award. Thus, while a committee of experts and community leaders assign scores and choose the winner in the former award type, the latter is decided by the public vote.

The Golden Token Awards categories are as follows:

  • Best in Smart Contracts
  • Decentralized App of the Year
  • Digital Collectibles of the Year
  • Best in User-Controlled Internet
  • Best in Gaming/VR
  • Best in Finance
  • Best in Payments
  • Best in Trading/DEX
  • Best in Lending
  • Best in Insurance
  • Best Marketplace
  • Best File Storage
  • Best in Social Apps
  • Best in Supply/Logistics
  • Best in Gambling/Betting
  • Best in Healthcare

As for the recognition of the individuals, there are the following categories:

  • Blockchain Influencer of the Year
  • Female Leader of the Year
  • Crypto Trader of the
  • CEO of the Year

The official page can provide more details on the event, including the composition of the committee.

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   304

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.