Modum is holding the first meetup

Modum.io AG will organize a meetup session on May 25 to introduce the project and the product to the community
26 April 2018   624

A Zurich-based startup modum.io AG has announced a "MOD Day" event that will take place on May 25 at Lake Side Casino Zurichhorn. The meetup will be the first of its kind held by the startup for token holders, collaborators, partners and customers. Attendees will have the chance to meet the team and take a closer look at the real life product.

The presentations are expected to come from modum's leadership team and board of directors, partners and customers. The span of the event is set to be from 16:00 till 21:00. The startup is busy developing solutions to improve supply chain processes by combining the best of blockchain technology and IoT. At the moment of publication, the market parameters of modum are as follows:

  • Average price: $2.80
  • Market cap: $51,233,220
  • Volume (24H): $2,557,120

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.