eToro to support 5 cryptocurrencies

Trading and investment platform eToro will support BTC, ETH, ETC, LTC and XRP
10 September 2017   4301

By adding this coins support, company hopes to simplify the process of buying cryptos, and help bring the technology into the mainstream. This is reported by the Crypto Coin News.

The decision came as a result of increased demand for cryptocurrency trade, which has quadrupled over the past 12 months. In the last quarter, the amount of crypto-currency transactions on the platform exceeded $ 1 billion.

Cryptocurrencies have come of age over the last year, but buying and owning the underlying crypto asset is still very difficult. At eToro, we’ve already simplified the worlds of trading and investing, and now we have an opportunity to use our experience and expertise to simplify cryptocurrencies.
 

Yoni Assia

Co-founder and CEO, eToro

The decision to add a basic asset to eToro was supported by many well-known figures in the crypto industry.

By making Litecoin available on a safe, simple, and secure platform, eToro will help increase the adoption of Litecoin among a wider audience.
 

Charlie Lee
Creator of Litecoin 

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.