ConsenSys and Blockchain for Social Impact unveil a mobile app

A meetup by Blockchain for Social Impact and ConsenSys is happening on May 3 to give details on the new mobile app developed in cooperation
30 April 2018   536

ConsenSys in partnership with the project Blockchain for Social Impact are presenting their new mobile app on May 3 at WeWork Coworking Space in Paris. At present the issue with cryptocurrency operations is that they are time-consuming and centralized. A decentralized mobile app Dether allows trade ether and tokens for cash.

Our belief is that the beauty and power of the blockchain technology should be easily accessible to all. We’ve decided to put all of our energy to build the first trustless solution that will allow anyone to be able to interact with the blockchain no matter who you are, where you are, and without the need for a middleman.

 

Excerpt

Dether Meetup page

The solution creates a decentralized bridge between fiat currency and cryptocurrency by building a P2P ecosystem to connect buyers and sellers without any intermediaries. The agenda of the event is as follows

  • 18:30 - doors open
  • 19:00 - presentations
  • 19:30 - Q&A session
  • 20:00 - networking

You can learn more about the meetup visiting the following page 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   236

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.