A grand blockchain conference is coming to South America

Blockchain Summit LatAm 2018 is set on May 8 – 9 to explain the origin, adoption and potential of the blockchain technology to the region
18 April 2018   696

In an attempt to unite both developers and startups as well as companies and organizations with the technology that is revolutionizing processes and registrations worldwide – blockchain, Blockchain Summit LatAm will be held on May 8-9 in Chile at Centroparque Event Center. This will be the first exclusive event of such kind and topic. This year event aims to gather, inform and encourage blockchain technology as well as the impact it will have at a public and private level in the world. One of the main objectives of the summit is to connect and give a chance to network for developers and promoters of blockchain in South America with regulators and industry leaders.

The event is organized as follows: for the first day, technical seminars focused on developers and startups, ending with a Hackathon; for the second day, business days focused on the connection between developers with exponents of various industries such as financial, energy, retail, real estate, among others. The agenda has the following structure:

DAY 1 Developers Conference

  • 08:30 - 13:20 | Technical talks
  • 14:00 - 18:10 | Workshops
  • 18:30 | Hackathon beginning

DAY 2 Main Conference

  • 08:30 - 13:00 | The origin, technology and its surroundings
  • 14:00 - 18:00 | Services, real applications and cryptoassets
  • 18:30 | Closing ceremony of the Summit

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   235

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.