NULS is hosting its very first meetup in Singapore

Insights and latest blockchain developments are on the agenda of the first meetup of NULS community on March 28
22 March 2018   691

Global open source project NULS is set to hold a meetup in Singapore for its community within South-East Asia with a special guest Inchain - NULS first subchain. The event will be on March 28 at MINT Museum of Toys venue. The discussion will concern mainly insights sharing on the latest blockchain developments around China and the perspectives for NULS platform as a leading protocol for modular infrastructure with a unique consensus mechanism. The list of attendees includes NULS Co-Founder and Chief Operating Officer Lily Wang, NULS Co-Founder and Global Community Leader Reaper Ran, NULS English Community Manager Eugin Lee, NULS Community Member Leisa and Inchain CEO Yang Lin.

The presentations planned are as follows:

  • NULS - introduction and solutions - Lily Wang (in Chinese)
  • Testnet, what is it about and what we can look forward to as mainnet approaches - Lily Wang (in Chinese)
  • Modular infrastructure/POC consensus - Reaper/Leisa (in English)
  • Recent blockchain developments/sentiments in China - Eugin Lee (in English)

There is also Q&A part after the presentations that will be translated if necessary. The program includes free food and beverages with door gifts.

NULS is a highly customizable modular blockchain with microkernel and functional modules. It features smart contracts, multi-chain mechanism and cross-chain consensus.

At the moment of the publication the NULS market indicators are as follows:

Average price: $2.93

Market cap: $117,034,000

Volume (24h): $14,045,100

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   271

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.