Singapore to welcome World Digital Assets Summit

World Digital Assets Summit (WDAS) is coming to Singapore on May 1-3 to discuss the the state of the arising smart economy with brand new kind of assets
16 April 2018   2134

FBG Capital is organizing a summit World Digital Assets 2018 in Singapore. The event will span from May 1-3 with the venue chosen at Ritz-Carlton Millenia. The summit is an inaugural conference that networks top-notch blockchain projects, developers and investors from all over the world. The mission of the conference is to conduct detail-rich discussions on the so-called "tokenomics" and its impact on the traditional economy. Basically, this event is going to an exclusive gathering with a group of diverse community leaders.

Topics to be covered at the summit include blockchain investment (venture capital/IPOs with ICOs), scalability (paths to achieve blockchain scalability), community (a pivotal part for a successful blockchain projects), privacy (blockchain privacy in a real-world adoption), exchanges (secrets and strategy of the cryptocurrency exchanges), crypto-trading (is crypto market efficient), interoperability (cooperation of verticalizing blockhains), decentralized exchanges (understanding decentralized exchanges) and others.

Among the notable speakers there are Binance CEO Changpeng Zhao, co-founder and COO of aelf Chen Zhuling, Ledger co-founder Thomas France and others. Agenda is yet to announced.

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   174

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.