Middle East Trading Firm adds Bitcoin Cash, Ripple, Litecoin

According to the latest news from ADS Securities, OREX users can trade Ripple, Litecoin and Bitcoin Cash in addition to Bitcoin and Ethereum
05 April 2018   547

Abu Dhabi-based ADS Securities is the largest brokerage by volume in the Middle East and one of the fastest growing forex and investment companies globally. It provides sophisticated forex, bullion and commodities trading solutions to institutional and private investors. 

ADS Securities is a leading multi-market institutional FX brokerage, and currently it offers four trading solutions for institutional clients:

  • OREX Optim: new generation platform for FX and derivatives trading
  • OREX Pro: specialist institutional platform for FX trading
  • OREX Direct: FIX solutions across all platforms
  • OREX Match: liquidity matching solution

ADS Securities has been expressing interest in cryptocurrency market and trading, and previously it allowed Bitcoin and Ethereum currencies on the platform. According to the latest news from the firm, OREX users can now also trade Ripple, Litecoin and Bitcoin Cash.

Cryptocurrencies have been making waves for some time, however now that understanding of the market is growing, we believe it is the right time to introduce more coins on to our OREX Platform.
 

Jason Hughes

Head of Retail Sales, ADS Securities

TheHead of Retail Sales at ADS Securities stated that flexibility of CFDs allow users to take long or short positions, helping their management of exposures and positioning during the current volatility in these markets. Traders do not have to setup crypto wallets or deal with exchanges which makes their lives a bit easier.

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   346

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.