Europe is preparing for a blockchain summit

European Blockchain Summit 2018 is kicking off on April 11 with Ethereum co-founder as a special guest to discuss the state of the technology in Europe
05 April 2018   1507

Blockchain Alliance Europe in cooperation with the government of Slovenia and ConsenSys are organizing the first European Blockchain Summit 2018 on April 11 at Brdo Congress Centre venue in Slovenia. The agenda includes inspiring keynotes and panel discussions, international speakers and attendees. Joseph Lubin, co-founder of Ethereum and founder of ConsenSys is holding a speech. The topics to be discussed include the European blockchain initiatives, the blockchain and ICO regulation and the funding opportunities for European blockchain companies.

The event is for high government officials and leaders of the industry and thus is invitation only. Among notable supporters there are European Commission and The Malta Council For Science And Technology and LedgerState. The program is as follows:

  • 09:00 – 10:00 | Registration & Reception
  • 10:00 – 10:20 | Welcoming Speeches
  • 10:20 – 11:00 | Keynotes
  • 11:00 – 11:30 | Blockchain Europe Initiatives
  • 12:00 – 12:50 | Panel Discussion: Blockchain & ICO Regulation
  • 12:50 – 13:45 | Panel Discussion: Blockchain Applicability
  • 14:45 – 15:40 | Panel Discussion: EU Funding Opportunities for Blockchain
  • 15:45 – 16:00 | EU Blockchain Summit 2018 Conclusions
  • 16:00 – 18:00 | Networking Event

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.