World Satoshi Summit is to be brought to India

With the support of NASSCOM Blockchain SIG the World Satoshi Summit will be held in New Delhi on May 12–13 to allow the exchange of ideas on the blockchain technology
21 April 2018   726

The capital city of India is hosting World Satoshi Summit on May 12–13 at J.W.Marriott, Aerocity. The purpose of the event is for the students, entrepreneurs, blockchain enthusiasts, blockchain developers and influencers to gather in one place and exchange ideas. The conference will also allow attendees to:

  • network with the best blockchain influencers;
  • through Nova Stride startups from all around the globe will receive an opportunity to pitch to a panel of investors comprising of VCs, Angels, HNIs and investment banks;
  • learn from the best traders about crypto-trading;
  • participate in workshops on doing an ICO and mine cryptocurrency;
  • hear the case studies of corporate application of the blockchain;
  • discuss how governments are using blockchain

Among the notable speakers, there will be æternity founder Yanislav Malahov, Everledger CEO and founder Leanne Kemp, Ripple Global Head Dilip Rao, Microsoft DIrector of Engineering Ross Smith, Cashaa CEO and founder Kumar Gaurav and many others. The full agenda of the summit 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   174

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.