MyBit is hosting a meetup in NYC

New York City will be the next stop for MyBit team and community to have a meetup on May 15
23 April 2018   740

MyBit is organizing a meetup session for its community in New York City on May 15 at the Brazen Tavern. The idea of hosting meetups came as the developers team learned that the majority of the community are well aware of the trends and developments in the area of cryptoassets and blockchain. So without any useless hype, noise and fancy banquets, MyBit will deliver an event for the community to gather and talk about the common topics of interests in a casual environment.

Non-community members are free to join as well. MyBit CEO and founder Ian Worrall will be at the event to host it. MyBit is a platform that provides a crowdfunding and revenue distribution management system. Its focus is investment and monitoring the progress of the investing process on a trustless, automatic and cryptographically secure network. At the moment of publication, MyBit market parameters are as follows

  • Average price: $3.45
  • Market cap: $9,657,213
  • Volume (24H): $5,565

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   304

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.