Token Summit III to be held in NYC

Third event in Token Summit series is coming to New York City on May 16–17 to further detail the discussion about token-based economy
23 April 2018   798

Token Summit III will be organized in New York City in a form of a 2-day conference on May 16–17 at Pier 36 Basketball City venue. This will be the 3rd event in the Token Summit series and the focus is going to be on:

  • Token-based Business Models
  • Regulation and Compliance
  • Network Effects and Decentralization
  • Network Effects and Decentralization
  • Classification of Tokens
  • Valuation Realities

The key topics of the conference will be the design of a successful business model along with the creation of a token-based economy.

The event is conducted in coordination with the New York City Economic Development Corporation. Hosts are William Mougayar and Nick Tomaino. Among the notable speakers there will be Ox CEO and co-founder Will Warren, Golem Factory CEO and founder Julian Zawistowski, CoinList CEO and co-founder Andy Bromberg and others. The agenda of the event is to-be-announced. If you would like to find out more about the event, you can find it 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   233

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.