Goldman Sachs considering direct Bitcoin trading

A leading global investment firm, Goldman Sachs, is to launch direct Bitcoin trading
03 October 2017   2451

Goldman Sachs, a leading global investment banking, securities and management firm providing a wide range of financial services to a substantial and diversified client base, is rumored to be considering the launching of the direct Bitcoin trading service.  

As detailed by wsj.com, Goldman Sachs would open a whole new marketplace for investors.

In response to client interest in digital currencies we are exploring how best to serve them in this space.
 

Goldman Sachs spokeswoman

Letting alone the client interest, Goldman Sachs also looks to benefit from the inherent volatility present within the cryptocurrency markets: the traditional markets have been less volatile lately, so the investment banks like Goldman have posted sluggish revenues from their trading operations. As cryptocoinsnews.com speculates, though the dramatic price swings within the crypto markets intimidate many investors, professional traders view this volatility as an opportunity to reap significant gains.

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.