Enigma and Zilliqa organize a co-meetup

The developers of Enigma and Zilliqa are hosting a meetup for both of their respective communities on May 15 to present active projects and talk to the community members
02 May 2018   823

New York City is hosting a meetup by Enigma and Zilliqa on May 15 witht the venue to be announced. The event coincides with Consensus 2018 conference. The teams will are going to introduce their projects and share thoughts with the local developers and blockchain enthusiasts.

Enigma is a blockchain-based protocol that utilizes privacy technologies to enable scalable end-to-end decentralized applications. This way input data is hidden from nodes in the Enigma network. During the meetup, the Enigma team will share the details of the protocol and showcase some applications of it. The speaker for Enigma is going to be its co-founder and CEO Guy Zyskind.

Zilliqa is a blockchain project that is first to implement sharding: the network gets divided into smaller groups each capable of processing transactions in parallel. Another notable is its own smart contract language Scilla. Both of these concepts will be covered during the meetup by CEO and co-founder Xinshu Dong.

The agenda for the event is as follows

6:30-7:00 PM    Registration
7:00-7:30 PM    Presentation by Enigma and Zilliqa
7:30-8:00 PM    Q&A
8:00-9:00 PM    Networking

The Eventbrite page provides further details in case you are interested.

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.