First annual Frontier Innovation Awards 2018 Blockchain to be conducted in San Francisco

The first year's awards of Frontier Innovation Awards will focus on blockchain technologies and will take place on May 11
20 April 2018   641

CalFounders in collaboration with pre-seed venture capital Bee Partners has announced the 2018 Frontier Innovation Awards to find the most promising disruptive technology idea of the year. Winning teams will receive mentorship from Riccardo Spagni, aka 'fluffypony', and Indiegogo's ICO team. A term sheet of up to $1 million in seed or token capital will be awarded at the awards night on May 11.

There are hundreds of ideas, plans being made, code being written, and businesses forming around the disruptive technology called blockchain. Who are these people? Where are they? And what are they working on? We aim to find out.

 

Michael Berolzheimer

Founder and managing partner of Bee Partners

The ceremony will take place on May 11 at Folsom Foundry in San Francisco. After the awards show there will be an epic after-party to celebrate the team accomplishments and the culmination of the program. Among the speakers there will be Spencer Bogart of Blockchain Capital, Niko Bonatsos of General Catalyst, Meltem Demirors, Shuonan Chen of Shinect, Anan Kulkarni of Crowdbotics.

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   346

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.