LibertyBits to be brought to Bulgaria

Sofia will host LibertyBits conference on April 24 with the focus on blockchain, free software and life off-the-grid.
11 April 2018   1064

knowhow.company is organizing the first freedom and tech conference dedicated to blockchain, free software, privacy and life off-the-grid. Bulgaria capital, Sofia is selected to hold the event at Sofia Tech Park on April 24. The conference will provide the platform for sharing cutting-edge blockchain projects, privacy and networking with off-the-grid innovators.

Speakers will try to address such topics on the blockchain technology as the actual and future application of distributed (open) ledgers, purpose of cryptocurrencies and their value, cryptomining and its real worth.

Among the notable speakers there are Bitcoin Gold core developer Martin Kuvandzhiev, æternity representative Vladislav Dramaliev, Dr. Richard Stallman and others. The list of sponsors include Krypton Capital and Launchub Ventures.

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.