New York City is hosting Ethereal Summit

Ethereal Summit will take place as a two-day conference on May 11 and 12 in New York City to host discussions about the future of decentralization
20 April 2018   781

Ethereal Summit 2018 (some call the event as "SxSW of blockchain") is coming to New York City on May 11–12 at the Knockdown Center. The event will gather builders, philosophers, policymakers, artists, and humanitarians from around the world to share knowledge on how we can build our decentralized future together using blockchain technology.

The lineup of speakers includes ConsenSys founder Joseph Lubin, Ethereum Foundation executive director Aya Miyaguchi, Blockchain @ Microsoft founder Yorke Rhodes, Coinbase Toshi project lead Sid Coelho-Prabhu, Agora CEO Leonardo Gammar and many others.

The full agenda of the event is available here. Some of the notable topic include the discussion on trust building in blockchain, Saudi Arabia's roadmap to the future, sharing the new technology on the global scale, tokenized future and others.

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.