Skycoin to hold an ecosystem launch conference

Skycoin is hosting a conference as it celebrates the launch of it ecosystem on April 10 in Shanghai with an official news agencies coverage
04 April 2018   654

The Skycoin team has announced it is going to hold a conference to signify the launch of its ecosystem. The special event will take place in Shanghai on April 10 at hilton Shanghai venue. The team is ready to share Skycoin Ecosystem with all of China and therefore there will be several local, governmental and international news agencies covering the event. Significant announcements are expected to be made during the conference, and a video report will be uploaded on YouTube right after the event finishes.

Among the speakers, the will be Skycoin Founder Andy, CIO Steve, DFJ Dragon Fund Founder Wang Yue Hua, KittyCash core developer Evan Lin and many others. The event schedule is as follows:

  • 09:00  sign-in
  • 09:30  introductory video with host
  • 09:45-10:15 The history of Skycoin and Ecosystem (Sam Sing Fong, COO)
  • 10:15-10:45 How Obelisk's Consensus protocol solves the problems with Bitcoin (Andy, Founder)
  • 10:45-11:15 Skywire, the distributed network and Skyminer, the hardware node (Weng Zhi Yi, Skywire CTO)
  • 11:15-11:30 tea break
  • 11:30-12:00 CX Object System (SPO team)
  • 12:00-12:20 CX programming language (Synth, CIO)
  • 12:20-12:30 KittyCash (Evan Lin, Core developer)
  • 14:00-14:30 Blockchain consensus protocols analysis and philosophical interpretations
  • 14:30-15:00 Fiber platform sharing session
  • 15:00-16:00 Round table forum
  • 16:00-16:15 tea break
  • 16:15-17:00 Round table Q&A
  • 17:00 The end

At the moment of publication, the market parameters for Skycoin are as follows

Average price: $13.06

Market cap: $101,416,379

Volume (24H): $513,516

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.