Moscow to host World Blockchain Summit

Trescon is organizing World Blockchain Summit as part of its 2018 series in Moscow on April 26-27
11 April 2018   818

Highly focused B2B events producer Trescon is going to hold World Blockchain Summit in Moscow on April 26-27 at Renaissance Hotel Moscow. One of the reasons of the choice is that Russian government is planning to implement policies to prepare government-wide adoption of blockchain tech by 2019. The summit aims to connect global blockchain experts and key industry leaders in the area, including emerging startups with regional business and IT leaders across key industry verticals.

The event comprises of a conference (includes blockchain experts talk about the pros and cons of adopting the technology specifically in the Russian market, panel discussions, tech-talks, fire-side chats, debates on blockchain's potential to reshape the global financial system), a startup exhibition (pavilion for blockchain startups from all over the world to showcase their innovative technologies in front of global investors and technology leaders), a Russia ICO show (a platform for interesting and unique ICOs to present their idea before a panel of reputed investment firms) and ICO grand slam (a platform for those companies that are prepared to launch their ICO and the ones still planning).

Among the notable sponsors there are Bankorus, NKD Technologies, ETHLend and many others. The agenda 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   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.