Bitfinex adds support for NEO

Bitcoin exchange Bitfinex announces support for NEO cryptocurency
07 September 2017   2827

Bitfinex, the popular Hong Kong crypto exchange, adds NEO tokens to the trading list. 

NEO is China’s first ever open source blockchain, which mission is to reinvent the way commerce is done. Motivated by a belief that technology drives progress, NEO has been created to shift our traditional economy into the new era of the Smart Economy.

By now, the trading in the cryptocurrency is available against the pairs USD, BTC & ETH. The Bitfinex blog informs that upon reaching a certain level of liquidity, the administration of the exchange will consider the possibility of adding marginal trading in the digital currency NEO.

 As reported, margin trading for these pairs will be enabled gradually, at a later point in time, once the order book develops sufficient liquidity. 

Bitfinex is excited to support the NEO ecosystem and the team behind the token, and to experience first hand the growth and development of the project.
 

Bitfinex team

At the time of writing, the "Chinese Ethereum" shows an impressive growth.

NEO charts on coinmarketcap.com NEO charts on coinmarketcap.com

Thus, the cryptocurrency price is now about $31.72.

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   174

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.