Ontology to Build Ecosystem with International Partners

Ontology is going to build its ecosystem in partnership with such companies as Tembusu Partners, Accomplice, Hashed, and Onchain
13 April 2018   716

Ontology is a high-performance public blockchain project and a distributed trust collaboration platform, which provides public blockchains that include a series of complete distributed ledgers and smart contract systems. Ontology blockchain framework supports public blockchain systems and is able to customize different public blockchains for different applications. 

On April 11 Ontology has announced that it is going to build its ecosystem in partnership with such companies as Tembusu Partners, Accomplice, Hashed, and Onchain. Tembusu Partners is a Singapore-based private equity firm which invests in technology start-up companies, while Accomplice is a venture capital firm headquartered in Cambridge, Massachusetts that invests in technology startup companies, with specialties in cybersecurity, eSports, data analytics, S&B class software, emerging hardware platforms, and marketplaces.

Ontology partnershipsOntology partnerships

Hashed Industries provides product management, product development, regulatory guidance, and technology support services for blockchain solutions and blockchain networks in the healthcare market. Onchain develops blockchain distributed ledger systems, and provides comprehensive enterprise level platform, open platform, continuous services, limitless application potentials, and compound services for businesses.

Tembusu Partners is delighted to cooperate with Ontology to develop the blockchain market in the South East Asian region. This blockchain technology will disrupt many industries and create significant growth just as the internet did twenty years ago.

Andy Lim

Chairman, Tembusu Partners

As it was stated in the Ontology announcement, Onchain is the initiator and core technical supporter of the Ontology project. Tembusu Partners and Ontology will develop Southeast Asian market partners to provide government service support for the local markets, and Ontology and Accomplice will work together to expand influence of Ontology in the United States and Israel. Hashed will help Ontology to develop in South Korea and Northeast Asia, creating a local technical community. 

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.