Monaco to host the first blockchain-oriented conference

Monaco International Blockchain is to be held in the Principality of Monaco on May 16–17 as the first international trade show on the blockchain technology in the region
24 April 2018   862

Monaco is hosting its first international conference on the blockchain technology – Monaco International Blockchain, on May 16-17. The venue is selected to be Grimaldi Forum. During the two days blockchain community will have a chance to participate in the discussions about the future of the technology: the possible applications and the key audience, most perspective sectors of influence and the potential impact of the technology.

Day 1 will focus on the so-called "blockchain ecology", namely the ways the blockchain technology can potentially revolutionize how we certify sustainability, use renewable energy, etc. Day 2 is going to cover the analysis of the current crypto-market, opinions on the leading cryptocurrencies, a closer look on the process of tokenization of the real assets with its benefits and potential.

Among the notable speakers there going to be World of blockchains founder Thierry Poyet, AlphaChain investor Henok Tekle, Monaeci co-founder Dimitri Jeangerard, The CryptoAssets Institute director Ethan Pierse and others. The full agenda to 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   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.