Barclays to Create Seniors' Team to Study Crypto Trading

To study this issue, a high-level team was already assembled, chaired by the former head of energy trading Chris Tayrr
07 August 2018   713

British investment bank Barclays returned to the issue of crypto currency, after its CEO denied the information about the preparations for the launch of a specialized unit to trade them. This is reported Financial News.

In May 2018, Jesse Staley told the shareholders of the bank that he maintains a skeptical attitude towards crypto-currencies because of the problems of their regulation. According to a new publication Financial News, the bank can still launch its own "project in the field of digital assets."

To study this issue, a high-level team was already assembled, chaired by the former head of energy trading Chris Tayrr. It also includes Marvin Barth, in charge of the macro strategy in the emerging markets and foreign exchange markets, and an expert on the blockchain Lee Brain, who is one of the leaders of the technological division of the bank..

Last month, it became known that Barclays filed two patent applications for blockchain technology, designed to optimize the procedures for customer identification and bank transfers.

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.