Russian Blockchain Week is coming to Moscow

Skolkovo is going to host Russian Blockchain 2018 on May 21-25 that features conference sessions, exhibitions and a hackathon
24 April 2018   983

The biggest blockchain event in Russia - Russian Blockchain Week 2018 will take place on Skolkovo on May 21 through May 25. Structurally, the event consists of the following sections:

  • a conference;
  • an exhibition "Blockchain & Crypto Expo";
  • crypto-seminar by Plekhanov Russian University of Economics;
  • blockchain hackathon;
  • masterclasses;
  • afterparty

Main topics of the conference discussion are cryptocurrencies in terms of investment and trading, blockchain for business, ICO concept, blockchain software development, regulations, fintech use-cases and cryptocurrency mining.

Among the notable exhibitors there will such projects as BitCluster, MNRY, WATTSON, ELVN Cryptomessenger, MyWish and ZEUS CAPITAL.The biggest blockchain hackathon event in CIS region will feature the mentorship of industry experts and a prize of ~USD 5,000. The key assignments of the hackathon include the topics in:

  • Blockchain business solutions;
  • Blockchain security;
  • Payments;
  • Crosschain;
  • Solutions for logistics

The agenda of the week is as follows:

Among the notable speakers there expected to be QIWI founder and CEO Sergei Solonin, Crypto Valley Association regulatory policy chair Dr. Mattia L. Rattaggi, Blockimpact founder Dinis Guarda, Russian State Cryptocurrency Flow Risk Evaluation Workgroup head Elina Sidorenko, Alfa Bank Chief Architecture Officer Maksim Azrilyan, Skolkovo Fund Financial Technologies Center director Pavel Novikov and many other.

The conference is organized in a close partnership with Fintech Association. More about the conference you can find here.

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.