China gives Huobi and OKcoin one extra month

China gives Huobi and OKcoin one extra month, while Bitcoin price surges 
15 September 2017   3360

The whole cryptocurrency society shakes due to the news from China. As reported, all the existing crypto-exchange markets in China will be closed by the end of this month.

However, it seems that China has decided to give Huobi and Okcoin an extra month of life. As reported by, the local newspaper, the fact that the exchanges lack in ICO offerings was one of the factors that allowed them to continue operating longer than others.

Because the two platforms have large numbers of users and have not performed ICO operations, the relevant departments have given Huobi and Okcoin a one-month buffer period to stay open until the end of October before shutting down. Specific proposals are still being studied.

Thereby, Bitcoin price has surged instantly, climbing around $400 in minutes from about $2,972, as detailed by

Bitcoin price chartsBitcoin price charts

At the time of writing, the price of the top cryptocurrency is about $3287.58, its market capitalization is $54,467,185,480.

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   346

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.