P2P-platform for ETH trading opened

Localethereum, a P2P-platform for Ethereum cryptocurrency trading, opened
25 September 2017   2273

After a year of rigorous development, a new P2P-platform localethereum.com opens for registration, the project blog says.

As the team claims, they are giving away "hundreds of thousands of dollars in fees to give the marketplace a kick-start".

Localethereum is a secure peer-to-peer marketplace where the user has complete control over their funds and trades. The company argues that it is helping to make Ethereum more liquid by allowing traders to side-step the frustrations of centralised exchanges which are infamous for locking-up or losing customer funds.

All ether deposited into localethereum is sent to a client-side-encrypted wallet. This wallet lives entirely in the browser and the staff can never touch the funds. When trading with another user, messages are end-to-end encrypted using a secure algorithm, and escrow is performed with a smart contract between the two parties, as detailed by the team. 

localethereum.com website localethereum.com website

On the home page of the website there's a message about the opportunity to register an account. It is also reported that the first three months of trade will be carried out without commissions. The start of trading is scheduled for October 21st.

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.