Archive for February, 2018

Chinese Retailer JD.com Launches Blockchain Accelerator

JD.com, the Chinese e-commerce juggernaut and Alibaba’s closest rival, is launching a new accelerator program for artificial intelligence and blockchain startups. The Beijing-based accelerator, called AI Catapult, will have startups work with its operational teams to “test real-world applications of their technologies at scale.” AI Catapult will also help JD’s AI research division find new ways to use AI to […]

South Korea keeps investors guessing on cryptocurrency regulation

South Korea has yet to decide how to regulate crypotocurrency trading, Hong Nam-ki, minister of office for government policy coordination said, highlighting Seoul’s struggles to supervise a market that critics say remains opaque and vulnerable to risks such as money laundering. Hong said the government’s primary desire is to foster transparency in cryptocurrency trading, with regulators […]

Bill Gates: Cryptocurrency is ‘super risky’ over the long-term

During a recent “Ask Me Anything” session on Reddit, Microsoft co-founder Bill Gates said that the main feature of cryptocurrencies is the anonymity they provide to buyers, and Gates thinks that can actually be harmful. Gates also warned that the wave of speculation surrounding cryptocurrencies is “super risky for those who go long.” Gates isn’t the […]

Chinese Entrepreneur Warns Against Mining and ICO Bans

Cai Wensheng, the founder of photo editing app Meitu, has expressed criticisms of the Chinese government’s prohibitive regulatory policies regarding cryptocurrency mining and ICOs. He compared the ICO markets to the dotcom bubble of the nineteen-nineties, stating that of the hundreds of companies that listed IPOs in 1999 very few companies are left, however, one […]

Japan’s Finance Watchdog Eyeing ICO Regulation, Says Report

Japan’s Financial Service Agency is considering the revision of relevant laws and regulations in an effort to regulate ICOs in Japan, amid the growing popularity of token sale activities within the territory. The report indicates that Japan currently has no clear regulations covering ICOs specifically, while the existing bitcoin payment law that went into effect […]

Messaging app Telegram says it’ll offer investors a refund if its ICO flops — but there’s a catch

Telegram, the messaging app operator which recently raised $850 million in a private token sale from institutional investors, expects to raise as much as $1.7 billion in a second sale that will begin at the end of February, according to documents sent to potential investors. In total, that’s more than $2.55 billion. In the document, […]

Singapore firm to launch ICO advisory centre

A Singapore start-up PLMP-Fintech is launching an ICO advisory centre in a bid to tap the growth of Singapore as a leading hub of ICO activity in the region. Singapore is the third-largest ICO market after the United States and Switzerland, but a number of local firms and small and medium-sized enterprises there are still […]

Hacker Returns $26 Million in Ether Months After ICO Theft

A hacker who stole more than 43,000 ether tokens from would-be investors in CoinDash has returned a majority of the funds to the startup. The company reported that the thief returned 30,000 tokens ($26 million) over two different transactions, the first in September 2017 and the second on Feb 23, to CoinDash’s wallet. The thief still has some 13,400 tokens […]

Bitcoin Startup Backer BnkToTheFuture Closes $33 Million ICO

Digital investment firm BnkToTheFuture has officially concluded a $33 million token sale. The U.K. company, which boasts more than 60,000 accredited investors, has made its name allowing customers to purchase traditional equity in cryptocurrency exchanges and other blockchain startups, including BitFinex, Kraken and BitPay. This year, the company intends to launch a secondary securities token […]

Venezuela and Russia Are Collaborating on Cryptocurrency

Venezuelan Finance Minister Simon Zerpa Delgado met with Russian officials in Moscow the day after the petro launched, according to tweets published through his official account. While it’s possible that the meetings focused on other issues as well, the topic of the petro, which was launched late in February, came up. It remains unclear exactly […]