$230 Million ICO on the Rocks
A recent Reuters special report on an imperiled cryptocurrency venture shines a harsh light on some of the many risks and the paucity of regulatory oversight in cryptocurrencies and Initial Coin Offerings (ICOs) (http://nnw.fm/0fKqS). Cryptocurrencies are digital mediums of exchange that function through extremely complex code systems called blockchain technology that encrypt sensitive data transfers, essentially creating a public ledger maintained by a network of computers. Blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block contains a link to a previous block, plus a timestamp and transaction data. Once recorded,…







