ICO PR Stunt Turns Tragic after Guide Dies Scaling Mt. Everest

A promotional stunt for a Ukranian startup’s upcoming initial coin offering (ICO) turned tragic after a sherpa reportedly died while helping a group of climbers hide a cryptocurrency wallet at the summit of Mt. Everest. According to FT Alphaville, social networking startup ASKfm sponsored a promotion to hide a Ledger wallet containing 500,000 ASKfm tokens

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Boston Stock Exchange Partners tZero to Launch Regulated Security Token Exchange

The operator of the Boston Stock Exchange has announced a partnership with Overstock subsidiary tZero to launch the world’s first regulated security token exchange. The joint venture, unveiled on Tuesday, will see tZero and Boston Stock Exchange company BOX Digital Markets develop a regulated venue that facilitates the trading of blockchain tokens that are classified

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Why Nokia Is Partnering with a Crypto Startup to Build an IoT Network

Nokia, a Finland-based multinational communications and information technology provider, has announced a project to give people in remote rural areas a chance to have mobile connectivity and enjoy the benefits of the digital economy, according to a a post on the company’s blog. New tools that reduce the cost of network deployment and maintenance will bring

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Snapchat’s Main Investor is Forming a Cryptocurrency Fund

On May 18, Recode reported that it has discovered Lightspeed Venture Partners, the main investment firm which backed many successful technology companies like Snapchat operator Snap, is planning to establish a fund that is exclusive to the cryptocurrency market. Three Options Sources of Recode confirmed that the venture capital firm is actively investigating into various

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‘HoweyCoin’: SEC Trolls Crypto Fraudsters with Fake ICO Campaign

In a landmark embrace of technological innovation, the US Securities and Exchange Commission (SEC) has announced that it will issue its own cryptocurrency – HoweyCoin – through an initial coin offering (ICO). Okay, that’s not actually true, but the agency has constructed a clever campaign intended to teach investors how to identify ICO scams –

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Telegram Takes Alleged Trademark Squatter to Court over Cryptocurrency Naming Rights

Encrypted messaging company Telegram has filed a trademark suit against a Florida company that also intends to create a cryptocurrency named “gram.” The suit, which was filed on May 11 in the San Francisco branch of the US District Court for the Northern District of California, alleges that Lantah LLC violated Telegram’s service mark rights

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Founders of $32 Million Mayweather-Backed ICO Indicted for Securities Fraud

The founders of a high-grossing initial coin offering (ICO) have been indicted for defrauding investors in the course of operating their cryptocurrency company, Centra Tech. On Monday, the US Attorney’s Office for the Southern District of New York announced that it had filed charges against Sohrab Sharma, Raymond Trapani, and Robert Farkas, who co-founded and

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Remember KodakCoin? ICO Fundraising to Kick Off This Month

The team behind Kodak’s blockchain-based image rights management platform has announced that the KodakCoin initial coin offering (ICO) will begin later this month — nearly four months behind schedule. WENN Digital, who created the KODAKOne platform and will operate it under the storied Kodak brand, said on Thursday that the KodakCoin ICO will kick off

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Ethereum, Bitcoin Cash, Ziliqa Record Big Gains in Crypto Market Rebound

The cryptocurrency market has rebounded over the past 24 hours, as the bitcoin price rose by around 3 percent and other major cryptocurrencies such as Ethereum and Bitcoin Cash recorded gains in the 3 to 8 percent range. Bitcoin and Ethereum Since bitcoin’s failed test of the $10,000 support level and the scheduled SEC hearing

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Binance CEO Says ICOs Are ‘Necessary,’ Most VCs ‘Have No Clue’

The CEO of Binance, the world’s largest cryptocurrency exchange, believes that initial coin offerings (ICOs) are set to supplant traditional venture capital as the primary method through which early-stage startups finance their growth. Writing in a blog post titled “ICOs — Not Just ‘Good-to-Have,’ But Necessary,” Zhao praised the virtues of ICOs, explaining from first-hand

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