China exchanges shutdown is just rumours?

Some cryptocurrency enthusiasts speculate that the China exchanges shutdown might be just a conjecture
08 September 2017   1264

Nowadays, China's cryptocurrency exchanges shutdown is a real hot potato. It is believed that the regulators are seeking a shutdown of exchanges as a part of the ICO ban imposed earlier this week. Due to this news, Bitcoin and other top ten cryptcoins are falling down.

However, some cryptocurrency enthusiasts, such as Charlie Lee and Samson Mow, speculate that the China exchanges shutdown might be just a conjecture.

Samson Mow, CSO of Blockstream and CEO of Pixelmatic, supports his statement saying that "PBOC [The People's Bank of China] isn't exactly shy about making official announcements", so if the news were correct, the community would know it from the firsthand.

Would you believe news on CNN saying Bitcoin is banned in the US without any statement or source from the SEC or CFTC? or NYDFS?

Samson Mow
CSO of Blockstream and CEO of Pixelmatic

The man concludes claiming that real or not, he doubts "anyone wants to go down in history as the person who tried to ban Bitcoin".

Whether the news is true or false, remains to be seen. 

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   304

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.