Bitcoin exceed $4.2k mark

First cryptocurrency regains its position by growing for more than 7% in last 24 hours
28 September 2017   2664

On the night of Thursday, September 28, the price of bitcoin rose above $ 4200, thus returning to the two-week mark.

Last time at this level first crypto currency was traded on September 12, at the beginning of a period of protracted decline. The lowest point for this time period was reached on September 15, when the bitcoin price fell below $ 3000 on the background of news about the closure of cryptoexchange exchanges in China.

At the moment of press, average Bitcoin price is $4223.56 with market cap of $70,074,562,206 and 24h trading volume $1,898,680,000. 

Bitcoin price chart
Bitcoin price chart

All top ten cryptocurrencies demonstrate the stable price growth. 

Top ten cryptocurrencies
Top ten cryptocurrencies

Also, it worth noting that Zcash had grown for more than 35% in last 24 hours. At some point, it was traded for more than 400$. This is caused by the news about the forthcoming addition of this crypto currency to the largest South Korean exchange Bithumb.

Zcash price chart
Zcash price chart

At the moment of press, average Zcash (ZEC) price is $370.77 with market cap of $845,313,851 and 24h trading volume $205,636,000.

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   392

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.