ICO Scams on the Rise: Over $1 Billion Stolen in ICO Scams
Over a Billion dollars have been lost in ICO scams - and 271 scammy coins have been identified, a report from the Wall Street Journal points out.
- Aditya Worah
- May 21, 2018
- Jul 15, 2026
Initial Coin Offering - shortly known as ICO is often used by startups to bypass "over the top" regulated infrastructure and bank proceedings in order to raise funding. ICO helps raise funds in an unregulated way where investors invest cryptocurrency with a faith of future returns in the project.
Related Links: Latest ICOs
Over a Billion dollars have been lost in ICO scams - and 271 scammy coins have been identified, a report from the Wall Street Journal points out.
The SEC is now taking to some unique ways to promote user awareness - going as far as creating a fake ICO website, HoweyCoin!
Telegram's highly publicized cryptocurrency trademark "GRAM" is being poached by a company unrelated to Telegram.
Bermuda government is working on establishing blockchain and cryptocurrency firms in the island.
Binance CEO Changpeng Zhao recently stated in a blog post: "raising money through ICOs is about 100 times easier than through traditional VCs, if not more."
Ternio is a blockchain technology that’s designed for the digital advertising market and aims to offer quick payment delivery on individual impressions.
MeetnGreetMe is an online concierge service that links out-of-town travelers with locals for advice about their destination and support during their stay.
Shivom is a precision medical and genomic company that will allow people to upload their genomic sequence, receive rewards for sharing this information.
Edenchain is a programmable economy platform for capitalizing and trading various assets using blockchain Smart Contracts to create tokens of these assets.
People who are in the system will know exactly when a delivery is made and the payment will go through only if conditions of the delivery are met.
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