LinkedIn to Start Crypto Related Ads Ban

Another social network bans cryptocurrency and blockchain related ads
29 March 2018   2226

Business social network LinkedIn began blocking ads related to cryptocurrencies. At the same time, Microsoft, owner of the social network, allows to place it at its other resources. This is reported by The Independent with reference to the statement of the company's press secretary.

Earlier, with similar initiatives were made made Twitter, Google, Facebook and Snapchat. They refer in one form or another to the fact that such ads are often used to mislead and deceive investors

The Eurasian association of blockchain, recently founded by structures from Russia, South Korea and China acted against the actions of companies that prohibit advertising of crypto-currency projects,. Its representatives say that these companies have entered into a cartel conspiracy to manipulate the market, and therefore intend to file a lawsuit with the US court.

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   235

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.