ViaBTC started the closing process

According to the official statement of Chinese cryptocurrency exchange, new users registration and depositing is stopped
25 September 2017   1457

On Friday, 22nd of Septembr, the ViaBTC exchange notified its users about the termination of new registrations and the stopping of deposits. Users must withdraw funds before September 30, after which the exchange stops working.

The announcement says that the processing of "hanging" deposits and the termination of registration will start today. Trading will be stopped on September 25, and by September 30, users must complete withdrawal of funds.

In addition, the company notes that due to bank restrictions, processing of withdrawal requests in yuan, made on non-business days, is postponed to the nearest business day. On crypto currencyrequests these restrictions do not apply.

Top ten crypto exchanges
Top ten crypto exchanges

As you can see on the screenshot above, according to the Coinhills, none of the Chinese crypto exchanges is among the top ten in terms of trading volume.

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   233

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.