Future Blockchain Summit arrives in Dubai

UAE is hosting yet another blockchain-related conference - Future Blockchain Summit on May 2–3 to connect government leaders with industry leaders and provide multi-platform content
19 April 2018   958

Future Blockchain Summit opens its doors on May 2–3 in Dubai. Dubai World trade Centre will be the hosting venue of the conference. The summit will offer a meeting ground for industry leaders and tech startups with the members of UAE government directly related to the adoption of blockchain technology. The exhibition platform will provide relevant business-use blockchain solutions and expertise on how these can be implemented in your business. Structure-wise, the event is divided into the following parts:

  • conference (with talks, use-cases from global leaders, latest opportunities from global governments)
  • exhibition and showcase
  • workshops (Blockchain 101 and Investment 101)
  • closed-door briefings (discussions with a pre-invited audience)
  • lounges for dynamic networking (B2B networking opportunities)
  • awards
  • global leaders' exchange (high-level closed door discussions)
  • the Blockchain challenge
  • the Block stage (case studies, product launches, demontations and panel sessions)

Among the notable speakers there will be Hyperledger executive director Brian Behlendorf, Wikipedia co-founder Dr. Larry Sanger, Gary Brocklehurst of Oracle, Kavita Gupta of ConsenSys and many others. The full agenda of the 2-day event can be found here.


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   410

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.