After raising $660 million from more than 30,000 investors in an initial coin offering (ICO), the team behind Vietnam-based Modern Tech has disappeared. The company ran an ICO for its Pincoin token before rolling out another token dubbed iFan, TechCrunch reported. The organization had offered...
In Australia, cryptocurrencies are getting more scrutiny from regulators. Reuters reports that the country has moved oversight of digital currency providers to its financial intelligence agency AUSTRAC. The shift is immediate, reported the newswire, and represents the first steps to strengthen efforts under the country’s...
To give cryptocurrency startups and their founders a boost, Coinbase has started a new incubator fund called Coinbase Ventures. While the popular cryptocurrency exchange expects the fund’s profits to be small compared to those of its overall business, the fund already has $15 million and is...
Ripple, which controls the world’s third-largest cryptocurrency, XRP, is still being denied a listing on two of the country’s top cryptocurrency exchanges. According to Bloomberg, sources say that Ripple has even suggested giving the venues, Gemini and Coinbase, financial incentives to get them to list...
Cryptocurrencies continued to dip on the heels of various regulatory actions focused on trading activities and exchanges. Same alarms, different week. On the global stage, bitcoin fell below $7,000 to just above $6,800, and Ripple slipped to its lowest price since the end of 2017. One...
Telegram, the Dubai-based messaging app company, has added $850 million to the amount it has raised via an initial coin offering, bringing the total from the ICO to a record-setting $1.7 billion. According to a report in Cheddar, it is shaping up to be the...
With fresh concerns about government regulation of cryptocurrency surfacing, Bitcoin and other digital tokens continued the recent declines in value, erasing $550 billion in value for the global cryptocurrency market since the start of 2018. Citing Japan’s Nikkei Business Daily, TheStreet.com reported that two cryptocurrency exchange...
Adding to the list of cryptocurrencies that users can buy or trade on its platform, Uphold has announced that it has added support for Ripple’s XRP currency. Already, users can exchange digital currencies such as bitcoin, Ethereum and Bitcoin Cash on Uphold, CoinDesk reported. Uphold’s...
The chief executive of Ant Financial Services Group, the payment affiliate of Alipay, is no fan of initial coin offerings (ICOs). According to news from CoinDesk, citing comments Eric Jing, the CEO of Ant Financial, made at the China Development Forum this past weekend in Beijing,...
