TokenSky conference to take place in Tokyo

Blockchain conference Tokyo session TokenSky will be held on July 4-5 in partnership with Asia-Pacific Blockchain Association
13 June 2018   828

One of the largest events for token economy and blockchain industry in Asia - TokenSky will be held on July 4-5 at Belle Salle Shiodome Event Hall. ASOBIMO in partnership with TokenSky Organizing Committee enable world experts, economists, professors, investors and entrepreneurs to gather and discuss the opportunities and problems of the technology.

The brief agenda for the 2-day event is as follows:

  Day 1            
9:30 - 12:30         Blockchain + Global Summit, Blockchain + Games
13:30 - 18:00           Blockchain + Technology, Blockchain + Games
  Day 2  
9:30 - 12:30   Blockchain + IoT, Blockchain + ICO
13:30 - 18:00  

Blockchain + AI, Blockchain + Laws

More details about the event including the speakers and exhibitors lists can be found 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   213

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.