BitKan will temporarily suspend trading operations

Chinese over-the-counter cryptocurrency trading platform released new announcement
13 September 2017   2997

The Chinese platform of P2P cryptocurrency announced its intention to temporarily suspend operations with digital assets. This is written by CoinDesk.

The decision is caused by the strengthening of control over the cryptocurrency industry by the Chinese authorities. The BitKan blog indicates that trading on the platform will be suspended on September 14. Limitations will affect users of the web platform and the mobile version of the service. At the same time, I / O facilities will remain available. Also notable that there are no reports about this decision in official Twitter, and blog post of BitKan is in Chinese.

After the suspension of over-the-counter operations, BitKan's wallets will continue to function normally. Depositing and withdrawing funds will not be affected.

BitKan team 

BitKan representatives have not yet reported anything about when trading operations will available again.

BitKan is an OTC (over-the-counter) platform for trading crypto-currencies, which is a cross between a classical exchanger, a P2P platform like LocalBitcoins and a crypto exchange.

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.