Dubai is hosting 3rd World Blockchain Forum

UAE has announced it is holding 3rd Annual World Blockchain Forum on April 16-17 to discuss topics on blockchain, ICOs, regulation and more
06 April 2018   717

3rd annual World Blockchain Forum will be held in Dubai on April 16-17 at Madinat Jumeirah venue. The 2-day conference will tap into the innovative possibilities of blockchain and disruptive technologies, provides an introduction to ICOs and analyze the impact of cryptocurrencies on the global financial landscape. The focused event limited to only 750 attendees creates a unique environment of opportunities to network, delve deeper into new technologies and investment.

Among the sponsors there are Government of Dubai DMCC, Shopin, Binary Financial and many others. The list of speakers include Moe Levin (Founder at Keynote), Dustin Byington (President of Wanchain), Ola Oudin (CEO & Co-Founder of BitOasis) 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.