BMW, Intel to Join Forces With Singapore DLT Accelerator

Tribe Accelerator was launched in December 2018 and is supported by Singapore authorities
25 March 2019   452

A Singapore-sponsored blockchain accelerator Tribe has partnered with BMW Group Asia, Intel and Nielsen. It is reported by CoinDesk.

In the framework of cooperation, companies will share their experience with startups developing solutions in the field of DLT technologies.

Thus, the BMW Group Asia will hold a series of master classes on the use of the blockchain under conditions of widespread demand. Intel Corporation will advise start-ups in business and technology development, and Nielsen will provide a sandbox for testing new solutions.

The Tribe Accelerator was launched in December 2018 in collaboration with the South Korean ICON Foundation and the Singapore venture capital firm PwC. Among the projects implemented by the company is the blockchain solutions implementation in cooperation with ConsenSys.

In early March, the Argentine government announced plans to invest in blockchain startups in the early stages of development, which received support from the venture capital unit of Binance.

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   182

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.