Bitfinex adds margin trading in XRP, NEO and SAN

The Hong Kong crypto exchange Bitfinex adds support for margin trading in Ripple (XRP), NEO and Santiment (SAN)
19 September 2017   3613

The Hong Kong cryptocurrency exchange Bitfinex adds support for margin trading in Ripple (XRP), NEO and Santiment (SAN).

Margin trading is enabled on RP/USD, XRP/BTC, NEO/USD, NEO/BTC, NEO/ETH, SAN/USD, SAN/BTC and SAN/ETH pairs. 

List of cryptocurrency exchanges on coinhills.com List of cryptocurrency exchanges on coinhills.com

As shown, the Bitfinex exchange is the world's third largest in terms of daily trading volume, behind only the Japanese bitFlyer and the South Korean bithumb, according to the data provided by coinhills.com.

It's also noteworthy, that recently Poloniex, one of the biggest and most influential cryptocurrency exchanges, announced adding support for GAS tokens, which is the fuel token for the realization of NEO network resource control.

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   197

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.