FrenchFounders bring a blockchain discussion event to New York

The event titled "How Is Blockchain Disrupting the Future?" by FrenchFounders is to be held on May 3 in New York with the purpose to deepen the knowledge about the technology applications
17 April 2018   908

FrenchFounders with the sponsorship of crypto market data aggregator is organizing a special conference primarily reserved to FrenchFounders members. The topic of the event is "How Is Blockchain Disrupting the Future?". It will be held in New York on May 3 at New York City Hall. As the technology is often vaguely showcased and talking about the blockchain gets misleading and missing the core opportunities it offers, FrenchFounders invite those who are interested to join the discussion that aims to advance the knowledge in the field.

Together with such experienced professionals as Legolas Exchange Investor Frederic Montagnon, ConsenSys executive director Vanessa Grellet and Matrics CTO Jean Safar use cases ranging from ICO to the specific usage of blockchain-backed service will be studied. Among other participants there are AirSwap Head of Strategy Sam Tabar, Credit Suisse representative P. Simonnet, Oracle's N. De beco, Goldman Sachs' C. Bes and others. Each of them will share their own experience within the blockchain industry and give a better understanding of this secure, transparent, and decentralized technology.

The agenda for the event goes as follows:

  • 06:45 pm – 07:00 pm | Welcome
  • 07:00 pm – 08:00 pm | Panel discussion and Q/A  
  • 08:00pm – 08:30 pm | Networking Cocktail

Registration for the event is mandatory.

 

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.