FinTech Week to be Held in Tel Aviv

Tel Aviv will host several conferences bringing together the experts from Stellar, eToro, Cointelligence, Smartlands, Personetics and more

02 March 2018 889

FinTech Week will take place in Tel Aviv on March 5 - 7, focusing mainly on financial technologies, blockchain and cyber security.

The first conference on March 5 will touch upon Bitcoin, Blockchain and Distributed Ledger Technology (DLT), exploring the evolution of Blockchain from Crypto to ICOs and presenting talks from top innovators and influencers in the industry.

FinTech Week Tel Aviv 2018

The second conference on March 6 will focus Financial Technology, Insurtech and Wealthtech, looking at the key challenges and ermerging trends, and presenting talks from key players from across the fintech ecosystem.

What is more, the third conference on March 7 will cover the intersection of cyber security and financial services, and key players and thought leaders on all sides will look at how safe the identity, money and data really is.

The headline speakers include Danny Vatnik (CTO at Personetics), Jed McCaleb (CTO at Stellar), Benjamin Haddad (Principal at Accenture Ventures), Smith Yair (VP Strategic Developer at AmTrust Financial Services, Inc.), and many more.

ICO Blockchain

SEC to Accuse Shopin in $42M Worth ICO Scam

The Commission believes the actions of Shopic during the ICO was the offering or unregistered securities

12 December 2019 93

The U.S. Securities and Exchange Commission (SEC) has accused Shopin and its CEO Eran Eyal of cryptocurrency cheating on investors during the initial offer of $ 42 million tokens.

According to the SEC, the actions of Eyal and his company were an unregistered offer of securities in the form of Shopin tokens.

Eyal told investors that the funds raised would be used to create a blockchain platform for storing and tracking profiles of online store customers. In addition, he lied about existing partnerships with retailers, the agency said.

The problem is that Shopin never created a system, says the regulator.

Instead, Eyal appropriated more than $ 500,000 for personal use, including a dating service.

SEC accused Eyal and Shopin of violating securities laws. The regulator requested the court to oblige the accused to return the illegally appropriated funds with interest and payment of fines. In addition, the SEC has proposed banning Eyalu from acting as an official in any offer of securities or tokens.

In a statement, the SEC also recalled that the prosecutor’s office in 2018 accused Eyal of appropriating $ 600 thousand of investor funds to his previous company Springleap.