Nebulas to hold East Coast meetup

The first East Coast meetup by Nebulas titled Thinking in Blockchain will take place on May 10 featuring a workshop session
30 April 2018   1128

Public blockchain startup Nebulas is organizing its inaugural East Coast meetup on May 10 at 77 Massachusetts Ave. CTO Robin and Community Leader RG Mo will join the event. The agenda is fairly simple:

  • 18:00 - 19:00 | Nebulas - Thinking in Blockchain introduction
  • 19:00 - 21:00 | Teach Yourself Nebulas in Two Hours

The second part of the meetup is meant to be a workshop session that will include the following activities:

  1. Install and run Neb;
  2. Transfer tokens;
  3. Deploy and call smart contracts;
  4. How to develop a dApp;
  5. How to submit to testnet and mainnet.

Nebulas blockchain features Nebulas Rank (ranking algorithm for addresses, smart contracts, dApps, etc to help users find valuable information more efficiently), Nebulas Force (self-evolution functionality for the blockchain and its dApps to implement new features and fix bugs without the hard fork), Nebulas Incentive (includes Developer Incentive Protocol providing feedback loop for developers and Proof-of-Devotion as a reward for users who rank well using Nebulas Rank).

Event details can be found here. Lastly, market characteristics of Nebulas at the moment of publication are as follows

  • Average price: $9.52
  • Market cap: $337,948,995
  • Volume (24H): $46,420,200

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.