Canada welcomes Payments Canada Summit

Canada's largest payments conference - Payments Canada Summit, is kicking off on May 9 to cover the trends and developments in the payments ecosystem
18 April 2018   662

Payments Canada Summit 2018 is set to take place on Toronto on May 9 through May 11 at Beanfield Center. The three-day event is the forum that will connect the payments ecosystem. It is going to offer a wide range of topics including cryptocurrencies and blockchain. This conference is the ideal meeting point for the payments community to gather and discuss the future-state of payments, where Canada fits in the global ecosystem and the impact such transformation will make.

Leading sponsors of the event are IBM, Accenture, MasterCard and TaTa Consultancy Services. Featured speakers list include such individuals as Ripple SVP of product Asheesh Birla, Moneris President and CEO Angela Brown, Cybersecurity and Fraud Prevention Expert Frank Abagnale, The Global Futures Council on Blockchain Technology co-chair Toomas Hendrik Ilves and others. The full agenda for the summit 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   174

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.