Security Token Summit to take place in NYC

Security Token Summit will host Security Token Summit on June 11 to talk about 3rd generation of financial infrastructure
02 May 2018   631

Assembling a variety of security token exchanges and trading organizations in the New York Financial District, Security Token Academy is organizing Security Token Summit. It will be held on June 11 at Conrad Hotel New York. Security tokens are supposed to improve the liquidity of assets. The rising generation of financial infrastructure is likely to transform new issuances and to start the tokenization of such assets as real estate, equity and debt.

Many 2017 ICOs face the expiration of 12-month lockup period and it drives security tokens exchanges and trading platforms.

The topics for the event is as follows:

  • The basics of security token trading and exchange organizations. You will meet many of the key players.
  • The impact security tokens could have on liquidity premiums.
  • Disruption versus collaboration with existing players in financial services -- Will the next-generation token trading platforms/exchanges collaborate with, or disrupt, Wall Street?
  • Decentralized versus centralized exchange formats for security tokens
  • Pros and cons of tokenizing on public versus private/enterprise chains
  • The role of security token advisors and whether traditional advisors such as investment banks will enter this market or be displaced -- or simply marginalized?

Among the notable attendees there will be Nasdaq former vice chairman David Weild, Airswap, CoinList, Sharespost and many others. The Eventbrite page can provide more details on the summit in case you are interested.

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   346

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.