Bitcoin price tops $4500

Bitcoin price reaches new all-time high tops $4500
17 August 2017   3186

Bitcoin price has once again reached its record levels. This time the price tops $4500, according to the data provided by CoinDesk's Bitcoin Price Index.

Bitcoin chart on www.coindesk.com Bitcoin chart on coindesk.com

Since August 15th, the Bitcoin price has been fluctuated between $4,000 and $4,200, until this morning, when the price of the cryptocurrency started rapidly climbing to a new high of $4,501 at around 11 a.m. UTC.

At the time of writing, the price is about at $4,484.

Bitcoin on coinmarketcap.com Bitcoin on coinmarketcap.com

Bitcoin's market capitalization now stands at over $73 billion. 

As Goldman Sachs' chart analyst Sheba Jafari claimed, the Bitcoin price may grow to almost $5,000 but after that it is likely that the correction will take place and the price will drop to about $2,000. Thus, seems like that the things have been going in accordance with the plan, so far.

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   276

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.