Bitstamp to add support for Bitcoin Cash

Bitstamp crypto exchange to add support for Bitcoin Cash by the end of September
16 September 2017   3745

One of the biggest cryptocurrency exchanges, Bitstamp, has announced adding Bitcoin Cash trading pairs by the end of September, 2017.

According to the exchange's team, the company decided to add support for Bitcoin Cash in response to “high levels of customer demand.” Exchange users who had Bitcoin balances at the time of the August 1st hard fork will receive their air-dropped coins in their platform wallet.

Furthermore, there will be the following trading pairs available: BCH/BTC, BCH/USD, BCH/EUR

It's also noteworthy that the cryptocurrency exchange have been supporting only two cryptocurrencies for long time: Bitcoin and XRP. Within the past few months, Bitstamp has added Litecoin and Ethereum pairs.

Bitcoin Cash on coinmarketcap.com Bitcoin Cash on coinmarketcap.com

At the time of writing, Bitcoin Cash price is about $446.44, its market capitalization is $7,403,565,326, and the cryptocurrency is holding the third position on the list on coinmarketcap.com.

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.