Cryptocurrency market starts to reborn

All cryptocurrencies start to gain it's prices again
28 June 2017   2652
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

After few days of watching the trading charts fall, many traders and cryptocurrency owners can now breathe a sigh of relief. At the moment, all markets show the signs of life. For example, now Bitcoin is up by 4.28% over last past 24 hours. From top 10 currencies, Ethereum gained the biggest amount - almost 20%. 

Bitcoin

Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen


Cryptocurrency market overview

Ethereum

Is an open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements

Don't forget that Ethereum lost a lot recently due to fake death of it's creator Vitalik Buterin. 

Right now, only 3 digital currencies lose their gains - Peerplay, Elastic and Tether. 
Top 3 gainers are ION (290.32%!!!), Etheroll (40%) and CloakCoin (34%). 

As always in cryptocurrency's world, any loses and gains can be erased in few minutes, depending on Bitcoin price. There are a lot of different versions of cryptocurrencies relations, but no one denies that top 15 values are linked to Bitcoin in some way.

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   182

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.