Los Angeles to host Crypto Trading Conference

ASROC conference will be held on June 16 to review the state of trade of alt coins, Bitcoin, Ethereum and tokens
03 May 2018   902

A 2-in-1 event - ASROC, comprising of a conference and an expo is being organized on June 16 at The Sportsmen's Lodge Events Center. This conference will not fit newbies: it is going to be a fast paced and advanced business trade show. The following areas are subjects to be covered during the event:

  • trading strategy;
  • exchanges;
  • arbitration;
  • statistical analysis;
  • trading technology;
  • mass adoption;
  • automated trading bots.

Here are some of the speakers attending:

As for the agenda, it goes as follows:

  • 8:20 - 9:00 AM | Registration
  • 9:00 AM | Panel: Update on exchanges & arbitrage opportunities
  • 10:30 AM | Panel: Automated trading bots and artificial intelligence
  • 1:30 PM | Panel: Coin trading strategy
  • 2:15 PM | Gold backed & similar cryptocurrencies: fundamentals in challenging the notion of stability
  • 3:00 - 3:30 PM | Networking break
  • 3:30 PM | Final Panel
  • 5:00 - 8:00 PM | Crypto traders networking gathering party

If you would like to know more about the conference, you can visit its official page 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.