George Soros to Trade Crypto, Bloomberg Says

Soros Fund Management is said to have recently approved cryptocurrency trading
06 April 2018   710

The family office of George Soros plans to start trading bitcoin and other digital assets, Bloomberg reports with reference to its own sources.

Responsible for macroinvestments in the Soros Fund Management Adam Fisher has already received the approval of the fund for trading cryptourrencies, although it has not yet started active investment in this direction.

The official representative of the fund, under whose management to date $ 26 billion, refrained from commenting.

George Soros became widely known in 1992, when he played against the pound sterling and received $ 1 billion in profits. He became the first American to earn so much in a year, and received the nickname "a man who humiliated the Bank of England."

In 2011, Soros Fund Management returned money to outside investors and became a family asset management office for the 87-year-old billionaire.

It is noteworthy that in January, Soros called bitcoin a typical "financial bubble," but noted that because of the influence of dictatorial regimes in different parts of the world, the collapse of the cryptocurrency is unlikely.

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.