Crypto Valley Conference to be held in Switzerland

Crypto Valley Association is organizing the first blockchain conference with academic foundation Crypto Valley Conference on June 20 through June 22
04 May 2018   964

Research, innovation and technology will be the focus of the coming Crypto Valley Conference. Swiss town of Zug will play host to the event on June 20-22 at Theater Casino Zug. The event will be facilitated by University of Applied Sciences Lucerne and be comprised of:

  • a conference;
  • exhibition;
  • workshops;
  • scientific publications presentation.

A list of topics will include:

  • Fintech and Value Exchange;
  • Token and Sharing Economy;
  • Regulation and Policy;
  • Scalability and Micropayments;
  • Off-chain payments and State channels;
  • dApps.

2 satellite events for lawyers, start-ups and investors are going to happen simultaneously, i.e. MME Code of Conduct Challenge and SICTIC Investor Day with Blockchain Challenge. Here are some of the notable speakers at the conference:

If you would like to know more details including full agenda of three days, you can visit the official page of the event 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   223

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.