Wanchain holds a meetup in Tokyo

Wanchain Foundation Ltd. is hosting a meetup session in Tokyo on April 6 to share its vision and power
01 April 2018   733

Japan was chosen to be the first stop of Wanchan ecosystem world tour. On April 6 in Tokyo the project is hosting a meetup event. Wanchain is going to share its vision and power. Specifically, in the light of the recent inclusion of 3 vertical applications into Wanchain ecosystem, the project will introduce the applications and give insights on the coming ICOs of each of them. Those are: AllSpark (knowledge sharing platform connecting user-generated content, We-media and advertisers), GameBank (open and transparent gaming blockchain) and UTour Chain (tourism chain to design user's own travel plan). The hosting venue will offer snacks and beverages for all the attendees. The schedule of the event goes as follows:

  • 18:30-19:00 Onsite Registration
  • 19:00-19:30 Presentation by Jack LU, Founder of Wanchain
  • 19:30-20:00 AllSpark Project Introduction,by Kevin McKenzie Cook, President of AllSpark
  • 20:00-20:30 UTour Project Introduction,by Bowen LU, Co-founder of UTour
  • 20:30-21:00 GameBank Project Introduction,by Joey Huang, Co-founder of GameBank
  • 21:00-21:30 Free Discussion on Wanchain and Its Three Projects Issues

Wanchain is trying to connect all the chains in the future with its own cross-chain protocol. Being a public chain the project provides an ecosystem for vertical LANchains to encourage the adoption of the blockchain technology. Recently, Wanchain has proved to be one of the most visible and reliable public blockchain worldwide.

As of the moment of the publication, the market parameters for Wanchain are as follows:

Average price: $2.95

Volume (24H): $6,631,440

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   410

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.