Telegram has raised an initial $850M for its billion-dollar ICO

Telegram has raised an initial $850M for its billion-dollar ICO

It looks like Telegram’s billion-dollar ICO has reached its first milestone after the chat app company raised an initial $850 million, according to a filing. A document submitted to the SEC earlier this week states that the money was raised “for the development of the TON Blockchain, the development and maintenance of Telegram Messenger and the…
Visa confirms Coinbase wasn’t at fault for overcharging users

Visa confirms Coinbase wasn’t at fault for overcharging users

Yesterday, we wrote that Coinbase customers were being charged multiple times for past transactions. While some speculated that the erroneous withdraws were down to a Coinbase engineering issue, Coinbase issued a statement saying it wasn’t liable for the duplicate charges. The blame, instead, rested with Visa for the way it handled a migration of merchant categories…
Coinbase blames Visa for glitch that overcharged users

Coinbase blames Visa for glitch that overcharged users

While Coinbase has had its fair share of technical issues the last few months, it seems the latest one may not be their fault. Earlier today reports started coming in across social media and reddit that Coinbase users were seeing strange charges on their credit and debit cards. Many of these were users being double-charged for…
Coincheck users are suing to get their money off the hacked cryptocurrency exchange

Coincheck users are suing to get their money off the hacked cryptocurrency exchange

The fallout from the year’s biggest cryptocurrency hack to date continues. On Monday, Reuters reported that 10 traders who used the Tokyo-based exchange Coincheck are preparing to file a lawsuit with Tokyo’s District Court on Thursday. The plaintiffs will be represented by Hiromu Mochizuki, who has been tweeting some updates about the case. During the aftermath…
Crypto’s go-to wallet forked as MyEtherWallet co-founder launches rival service

Crypto’s go-to wallet forked as MyEtherWallet co-founder launches rival service

There’s controversy in the crypto community after one of the founders of a prominent wallet service for storing and sending cryptocurrencies abruptly announced a rival venture. Taylor Monahan, who start MyEtherWallet.com (MEW) with Kosala “Kvhnuke” Hemachandra in 2015, announced a new company and wallet service called MyCrypto.com on Thursday. MyCrypto.com is initially a forked version of…
David Sacks’s new startup wants to make it safer for old-guard industries to jump into crypto

David Sacks’s new startup wants to make it safer for old-guard industries to jump...

SEC chairman Jay Clayton made clear today that his agency, along with the Commodity Futures Trading Commission, remains acutely concerned about initial coin offerings and cryptocurrency trades. In fact, toward that end, they’d like more expansive powers when it comes to protecting customers on cryptocurrency exchanges from fraud. “When you have an unregulated exchange, the ability to manipulate prices…
PSA: No India hasn’t banned Bitcoin — but it’s still talking tough on crypto

PSA: No India hasn’t banned Bitcoin — but it’s still talking tough on crypto

Reports of the death of Bitcoin in India have been greatly exaggerated. On Thursday a budget speech by finance minister Arun Jaitley generated a tsunami of ‘the Bitcoin party is over in India’ headlines, adding to downward pressures on the cryptocurrency. Safe to say, the truth of the matter is a lot more gray. Yes,…
Telegram apps fall foul of iOS App Store content rules

Telegram apps fall foul of iOS App Store content rules

The Telegram messaging apps appear to have breached Apple’s App Store guidelines and are currently unavailable for download on iOS. 9to5Mac spotted the absence yesterday, having been alerted via a Reddit thread. At the time of writing a search for Telegram on the App Store returns Viber, Skype, Messenger and WeChat chat apps, as the top results,…
Samsung confirms it is making ASIC chips for cryptocurrency mining

Samsung confirms it is making ASIC chips for cryptocurrency mining

Fresh from toppling Intel as the planet’s biggest seller of chipsets, Samsung has confirmed that it has begun manufacturing ASIC chips which are used to mine bitcoin, ether and other cryptocurrencies. “Samsung’s foundry business is currently engaged in the manufacturing of cryptocurrency mining chips. However we are unable to disclose further details regarding our customers,” a company…
Hong Kong plans TV ad campaign to warn against ICO and crypto investments

Hong Kong plans TV ad campaign to warn against ICO and crypto investments

Most financial authorities worldwide have warned their citizens on the risks of buying bitcoin or investing in ICOs, but Hong Kong is going a step further. Concern is such in the country that authorities are taking to TV and other media to warn of the risks of investment. Today the Financial Services and the Treasury Bureau…

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