Sweden hosts BLOXPO conference

The value of blockchain in the relevant industries will be explored at BLOXPO conference on May 17
10 May 2018   765

Positioning itself as Europe's largest blockchain conference BLOXPO is taking place on May 17 at Friends Arena. The event is brought by Stockholm Blockchain, Ivan On Tech (YouTube) and the Swedish Blockchain Association. Attending politicians, global blockchain experts and business leaders will discuss how dApps are going to revolutionize the business and the potential perspective for traditional money as crypto assets gain acknowledgement.

Some of the first announced speakers are as follows:

Companies dealing the technology and wishing to showcase their projects will be provided with an Expo Hall spot along with the chance to talk to the attendees of the conference. The agenda for the main stage is as follows:

8:30 Registration opens
9:30 Opening ceremony
10:30 Sit down with Richard Heart
11:15 Fireside chat: entrepreneurship in blockchain
13:00 Keynote: Decentralizing knowledge
13:30 Panel: Blockchain and politics
14:00 Keynote: Innovation strategy in a stock exchange
15:15 Keynote: Scaling blockchains
16:30 Wrap-up
19:30 Afterparty at Kasai

To see the complete agenda and other details of the event, you can visit the official page 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   223

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.