KICKICO Hacked: Cybercriminal Steals $7.7 Million from ICO Platform

Again some bad news for cryptocurrency users.

KICKICO, a blockchain-based initial coin offering (ICO) support platform, has fallen victim to a suspected cyber attack and lost more than 70 million KICK tokens (or KickCoins) worth an estimated $7.7 mill… Continue reading KICKICO Hacked: Cybercriminal Steals $7.7 Million from ICO Platform

China Bans Fundraising Through Initial Coin Offering (ICO)

China’s central bank today announced an immediate ban on all ICO—Initial Coin Offering—fundraising, to prevent fraud and illegal fundraising.

ICO is the hottest new thing in the blockchain world, which is an alternative to crowdfunding that lets a firm raise funding from multiple sources.

The People’s Bank of China (PBoC), the country’s central bank and financial regulator, has issued an

Continue reading China Bans Fundraising Through Initial Coin Offering (ICO)