Snips announces an ICO and its own voice assistant device

French startup Snips has been working on voice assistant technology that respects your privacy. And the company is going to use its own voice assistant for a set of consumer devices. As part of this consumer push, the company is also announcing an initial coin offering. Yes, it sounds a bit like Snips is playing […]

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Stratis wants to be a one-stop-shop for ICOs

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When it comes to initial coin offerings or ICOs — crowdfunding events in which participants buy digital tokens from a startup — the London-based Stratis is one of the original gangsters. The company launched a successful ICO in June 2016, way back before the ICO craze, selling its STRAT tokens for $0.007 each. 

The price of STRAT has skyrocketed to $6 since, earning early investors who never sold it more than 80,000% in returns. The coin’s market cap currently sits at $592 million, making STRAT the 41st largest cryptocurrency out there. But Stratis, which describes itself as blockchain for the enterprise, has been fairly quiet since in those two years, which is a very long time in cryptocurrency world.  Read more…

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ICO services: Lots of barnacles but no whales

Nearly every aspect of the current ICO market is pay-for-play or otherwise tainted. I do not paint the industry with such a broad brush lightly but this sort of chicanery hasn’t existed since the heyday of print media when journalists – myself included – took long, convoluted trips to distant headquarters where they enjoyed, as […]

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Andreessen Horowitz is planning to launch a dedicated crypto fund

The SEC may be firing off subpoenas to crypto investment funds and ICO projects left, right and center — apparently over 80 — but that isn’t stopping Andreessen Horowitz, the influential Silicon Valley firm known as A16z, from starting its own crypto-based fund. The rumor has been going around for a while — not a huge surprise […]

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Founder of cryptocurrency debit card faces new fraud charges for $32 million ICO scheme

The U.S. government is following through on its promise to crack down on initial coin offering scams. On Friday, the SEC announced charges against Raymond Trapani, the third co-founder of Centra Tech Inc., which raised $32 million for a cryptocurrency debit card last year through a flashy ICO endorsed by DJ Khaled and boxer Floyd […]

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Exit scammers run off with $660 million in ICO earnings

A Vietnamese cryptocurrency company Modern Tech launched an ICO for its Pincoin token, raising $660 million from approximately 32,000 people. The company first ran the Pincoin ICO, promising constant returns to investors, and then launched another token, iFan (a social network token for celebrities). Picoin investors first received cash from their investment and then the […]

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Is venture capital ready for companies with no founders?

Hemant Taneja Contributor More posts by this contributor The tech industry needs to move towards responsible innovation in 2018 Why pulling out of Paris Accord damages America’s economic future Initial coin offerings (ICOs) — a funding mechanism based on the technology behind cryptocurrencies like bitcoin — are a hot new way to launch a startup […]

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Cambridge Analytica raided by UK data watchdog

The UK’s data watchdog, the ICO, finally obtained a warrant to enter and search the offices of Cambridge Analytica late Friday — carrying out an evidence gathering sweep of the company into the small hours of Saturday morning. Cambridge Analytica is at the centre of a data misuse storm that’s wiped billions off the value […]

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