Globalive Technology Partners Cooperated with VIDL News

Anthony Lacavera which is known for founding WIND Mobile in 2007 will serve as Chairman and CEO of Globalive Technology Partners
10 January 2018   2712

Founding partners Globalive Capital, the founders of Mundo Inc. and VRG Capital announced on January 9 the launch of Globalive Technology Partners (GTP), a new company that develops software and hardware technology stacks based on blockchain technology.

Canadian entrepreneur Anthony Lacavera will serve as Chairman and CEO of GTP. As Chairman and Founder of Globalive Capital, Anthony Lacavera is best known for founding WIND Mobile in 2007, which became Canada's fourth largest wireless carrier before being sold in 2015 to Shaw Communications for $1.6 Billion.

Blockchain investment is currently being driven by the price of bitcoin, when it should be driven by its potential to create significant value with real world applications. We are focused on being the first to commercialize blockchain technology across a variety of industries most susceptible to disintermediation — cutting out the middleman.

 

Anthony Lacavera

Founder, Chairman and CEO, Globalive Technology Partners

GTP is negotiating with 25 potential partners, and announced on Tuesday its first joint venture with media startup VIDL News, which is a news technology platform that will utilize artificial intelligence and blockchain technologies to report accurate global news events and incidents in an automated and real-time manner.

An initial round of $10 million in seed financing is currently underway. Globalive Technology Partners anticipates a public offering in mid-2018.

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   166

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.