Telegram ready to refuse from public ICO. Pavel Durov's Telegram Open Network may refuse to hold a public ICO. The company is ready to conduct a closed sale of tokens among a small circle of investors. iTechCapital and Da Vinci Capital are searching for investors.
Three million AIBs sold to cryptocurrency miners. Over three million add-in boards (AIBs) worth $776 million were sold to cryptocurrency miners in 2017, Jon Peddie Research reported. AMD was the primary benefactor of those sales. It increased its market share 8.1%, Nvidia decreased -6%, and Intel decreased -2%.
Singapore mulls tighter cryptocurrency regulations. Singapore’s central bank is assessing whether additional regulations are required to protect investors in cryptocurrencies. Currently, Singapore, which is considered to be the Asian hub for fintech and ICO, does not regulate digital assets market.
ZClassic drops 80% after Bitcoin Private hard fork. ZClassic (ZCL), a cryptocurrency forked from Zcash (ZEC/USD), had a bad 24 hours as the cryptocurrency declined almost 80% to $18 on Thursday. The drop comes after the Bitcoin Private hard fork that occurred on February 28. ZCL achieved a peak just below $200, and went on to crash painfully.
132 more investors seek reimbursement from Coincheck. An additional 132 investors have joined a class action suit with the Tokyo District Court on Feb. 27 against Coincheck. The plaintiffs seeks a refund of about 228 million yen (around $2.1 million) in cryptocurrency from the exchange , which suffered from a $530Mn USD loss of the cryptocurrency NEM on January 26.
The total cryptocurrency market capitalization stands at $458 767 456 073.
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