Indonesia is hosting BlockJakarta conference

Blackarrow Blockchain Series goes on with BlockJakarta coming to Indonesia on May 9 to analyze the region's capability in terms of the technology adoption
19 April 2018   659

7th edition of Blackarrow Blockchain series - BlockJakarta will be held on May 9 in Jakarta, Indonesia. As the blockchain technology promises to take care of the matters of asset protection and organizational boundaries, this conference is set to explore the opportunities and challenges in blockchain and introduce Indonesia as ASEAN biggest blockchain market.

The event will be hosted at Ritz-Carlton Pacific Place. Attendees will have a chance to connect with startups that are shaping the blockchain future, network with Indonesia's blockchain regulators, meet with world's best blockchain influencers and showcase the expertise and market dominance. The agenda will be covering the following topics:

  • Blockchain in Indonesia & the Growing Community
  • Banking with Blockchain Technology
  • ​​NexGen Innovation: Blockchain + AI
  • Government Outlook on Blockchain & Regulatory Framework
  • The Future of Blockchain - Looking Beyond
  • ​Integrating SupplyChain, Retail, Healthcare
  • Blockchain for Mainstream Consumers
  • Exchange of Perpetuity​

The agenda for the 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   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.