Brooklyn to host Fluidity Summit

The future of finance will be discussed during Fluidity Summit session in Brooklyn on May 10
19 April 2018   858

Fluidity Summit 2018 is taking place on May 10 in Brooklyn at the Weylin venue. Joined by such companies as AirSwap, Gnosis, OmiseGo, PWC, ConsenSys, Ethereum that are already shaping the future platforms of trade, the event promises to share spirited and multi-perspective conversation about opportunities, possibilities and responsibilities in the future of finance.

The overall flow of the summit goes as follows:

  1. Finance is Broken (we begin by framing the root of the problem)
  2. A History of Trade (from the advent of currency to the takeover of algorithms)
  3. The Currency Revolution (a world where anyone can spawn a monetary system)
  4. The Tools of Trade (how the future of trade will be built and scaled)
  5. Building a Global Marketplace (how we bring trade to a worldwide audience)
  6. The Legal Landscape (how our regulatory and legal systems will evolve)
  7. Giving Ownership Back (returning and restoring the control of what we own)
  8. Moving Beyond Borders (the future of finance knows no bounds)

Among the notable speakers, there will be ConsenSys CEO and Ethereum co-founder Joe Lubin, Bitfury Head of Strategy Bill Tai, Messari CEO and co-founder Ryan Selkis, Galaxy founder Mike Novogratz and others.

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   197

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.