BTC-e trading starts 15/09

New updates from well-known cryptocurrency exchange
07 September 2017   2924

Well-known cryptocurrency exchange released new announcement regarding the future plans.

Thus, the representatives of the exchange inform that the migration to a new platform and the beginning of trading are planned for September 15. At the same time, the launch of the support portal is scheduled for September 10.

It also became known that the transfer of funds and credentials (passwords, 2fa, etc.) will occur automatically and no additional user action will be required.

On the day the site is launched, the balance sheet will be recalculated at the market rate and will be credited to accounts with a higher ratio than 55/45. There will be no conversions, some of the funds will be transferred to tokens. 

BTC-e team

Also, representatives of the trading platform reported on plans to increase the number of ways to widthdraw or input the funds and reduce commission. As for BTC-e codes, they will "remain, but are transformed into more modern payment instruments."

In addition, representatives of BTC-e warned about frequent cases of phishing mailings and recommended not to open suspicious files. 

Also, the BTC-e noted that deposits made after August 1 will not be credited to the balance, since these funds are "under US 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   410

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.