Elastos to hold a meetup in NYC

Chinese Finance Association (TCFA) in a partnership with Elastos Foundation will host a meetup in New York City on May 12 under the title "Elastos in a New Era of BlockChain"
21 April 2018   927

A symposium "Elastos in a New Era of BlockChain" will take place in New York City on May 12 by Elastos Foundation and Chinese Finance Association. The world’s first Internet operating system focusing on re-decentralizing Internet with blockchain Elastos has teamed up with the world’s largest association of Chinese finance professionals and scholars, TCFA to introduce to both of the communities state-of-the-art of blockchain and share the contribution Elastos brings to the space.

Dress code is business casual. The agenda of the meetup is as follows:

  • 1:30 – 2:00 PM: Registration
  • 2:00 – 2:15 PM: Welcome remarks by Dr Jason Wei, Chairman of TCFA
  • 2:15 – 2.45 PM: Keynote: Dr Rong Chen, Elastos Foundation
  • 2:45 – 3:15 PM: Keynote: Dr Feng Han, Elastos Foundation
  • 3:15 – 3:30 PM: Coffee break
  • 3:30 – 5:00 PM: Panel discussion (TBD)
  • 5:00 – 6:00 PM: Networking reception

Dr. Feng (Sunny) Han is one of the most reputable blockchain thinkers from China. Feng is an advisor to the Huawei Research Institute, blockchain development at Alibaba, and is also a member of the Tencent Talent Pool. As for Dr. Rong Chen, he is a professor of postgraduate modules in Cyber Intelligent Economy and Blockchain at Tsinghua University. He led the teams of Microsoft Research OS, IE3 ActiveX, Ole Automation, .COM, and .NET. He left Microsoft for elastos in 2000 which has been funded by the Chinese government and Foxconn Group.

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.