Singapore to host NFTs and Blockchain Gaming meetup

Being organized by a quintuple of blockchain startups the meetup will be held on May 3 to cover the developments in blockchain gaming
30 April 2018   629

Trinity, Decentraland, Etheremon, Zeppelin and InWeCrypto have cooperated to organize a meetup in Singapore on May 3 at The Black Swan venue. The main flow of the event is the latest in non-fungible digital assets and blockchain games.

A little info on every project:

  • Trinity

A universal off-chain scaling solution with NEO and Ethereum support. The project's solution keeps transaction records in state channels thus mitigating resource over-consumption

  • Decentraland

VR platform based on Ethereum

  • Etheremon

An open-world game that combines blockchain and VR in which you can capture, train, transform and trade Mons

  • Zeppelin

Developer of OpenZeppelin library and ZeppelinOS, security auditor

  • InWeCrypto

Offers blockchain news and multi-asset wallets with the support of fungible/non-fungible tokens

Presentation line-up is as follows:

  • On game items and blockchain by Decentraland;
  • The first game opening an era of Game 3.0 by Etheremon;
  • Blockchain gaming computation solution and NFT assets by Trinity;
  • An operating system for smart contract application by Zeppelin.

To learn more about the event, you can visit the webpage 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   392

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.