Internet of People to hold a conference

The biggest public Internet of People & Libertaria Crypto Meetup 2018 will be held on June 16 in Berlin
03 May 2018   976

Open social graph developer Internet of People and decentralized societies developer Libertaria are gathering in Berlin on June 16 to hold the biggest crypto meetup. Core teams of IoP and Libertaria as well as IoP chapters will attend the event. Chapters are local regionally defined entities with a strong focus on the local market and mininglicencds to fund activities in these regional environments.

The conference will be a 2-day enterprise. The venue will be announced later. The final versions of two of the products shall be revealed to the public. Participation at the conference is free with food and beverages provided during the event. Libertaria movement was established by IoP as a R&D division to provide a framework for the evolution from a technical platform and community to a decentralized society.

To learn more about the conference, you can look at the official page.

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   346

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.