Hot ICO Followed by Investigations, Accusations, then Collapse

BitConnect announced it would shut down its lending and exchange services yesterday fueling speculation that it was nothing more than a sophisticated Ponzi scheme. The company, which made its foray into the cryptocurrency scene with an ICO in late December 2016, swiftly cemented its position as one of 2017’s best performing currencies on CoinMarketCap. Three […]

telegram ico

Telegram to Launch Huge ICO for ‘Gram,’ Aiming at 180 Million User Base

Telegram, the secure messaging platform that recently made headlines for being banned during the Iranian protests, is planning an initial coin offering (ICO) to raise as much as $3 billion, with a pre-ICO sale of $500 million. The ICO, expected in March, would potentially be the largest private cryptocurrency financing to date. Telegram’s Russian co-founder […]

overstock

Overstock.com Confuses Bitcoin and Bitcoin Cash, Creating Instant Money Machine

In an embarrassing case of mistaken identity, the retail website Overstock.com has mixed up Bitcoin and Bitcoin Cash, cryptocurrencies with dramatically different valuations. A glitch in Overstock’s payment system granted customers to interchangeably pay with either Bitcoin or Bitcoin Cash. At the time when the glitch was brought to the public’s attention, Jan. 10, one […]