Bitcoin fell under $4k

Average Bitcoin price is $3982.75 at the moment; it lost more than 7% in 24 hours
13 September 2017   1441

First cruptocurrency fell bellow $4k mark. Average Bitcoin price is $3982.75 at the moment. It had lost more than 7% in 24h and more than 12% in a week. This is taking place against the background of a significant tightening of regulation and growing uncertainty in China. 

Bitcoin price chart
Bitcoin price chart

We can see that Bitcoin was at this level more than a week ago, on September 5. The current value of bitcoin capitalization is $ 65.7 billion.

Top ten cryptocurrencies
Top ten cryptocurrencies

On the screenshot above, we can see that all cryptocurrencies from top ten are losing their "weights". 

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   233

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.