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What is ICO

Korea’s Second Largest Bank Building Secure Crypto Wallet Services

In a substantially important announcement for cryptocurrencies in South Korea, the second largest bank in the country, Shinhan Bank, has announced that it is in the process of building cryptocurrency wallets for customers to store their digital assets securely. The report comes after Bithumb servers crashed in November, and private data for 30,000 users was leaked in …

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Confido ICO Raises $340K, Vanishes

In a move that’s sure to draw the ire of ICO naysayers, a recent ICO has completely vanished after raising $347,000. The ICO, called Confido, sold tokens called CFD and claimed to offer ‘safe and trustless cryptocurrency payments.’ The site and the project’s subreddit have completely disappeared, leaving no trace of the funds or the founders. The alleged …

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What is ICO

An ICO is a recently emerged concept of crowdfunding projects in the cryptocurrency and Blockchain industries. ICO stands for Initial Coin Offering. It’s an event, sometimes referred to as ‘crowdsale’, when a company releases its own cryptocurrency with a purpose of funding. It usually releases a certain number of crypto-tokens …

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