Written by Kyle Protho

Data Analyst at ICO Alert. Intelligence analyst by trade. Passionate about blockchain technologies.
February 11 2018

ICO Alert Crypto Minute: February 11, 2018

ICO Alert Crypto Minute: February 11, 2018

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Data pulled from CoinMarketCap.com at 9:18AM EST.
Data pulled from CoinMarketCap.com at 9:18AM EST.
Data pulled from CoinMarketCap.com at 9:18AM EST.
See a complete list of Pre-ICOs and ICOs at ICOAlert.com.

BitGrail, an Italy-based cryptocurrency exchange, announced that it had been hacked and consequently lost 17 million Nano. Image from Sergey Nivens.

BitGrail Hacked, Loses $170 Million-Worth of Nano Tokens

BitGrail, an Italy-based cryptocurrency exchange, announced that it had been hacked and consequently lost 17 million Nano, which is currently worth USD 170 million. As reported by the Wall Street Journal, the exchange acknowledged that “internal checks revealed unauthorized transactions which led to a 17 million Nano shortfall, an amount forming part of the wallet managed by BitGrail.” The company has not disclosed exactly when the hack occurred.

Dfinity Foundation Received $61 Million in Funding

A leading Silicon Valley venture capital firm, Andreessen Horowitz, and a cryptocurrency hedge fund, Polychain Capital, have invested USD 61 million in Dfinity Foundation, a firm that is aiming to connect multiple computers together using blockchain to build an “internet” computer. According to Investopedia, both firms are receiving Dfinity’s tokens once the infrastructure is launched.

Canadian Speed Skater First Olympic Athlete to Be Paid In Cryptocurrency

According to CNN, Canadian speed skater, Ted-Jan Bloemen, is the first Olympic athlete to be paid in cryptocurrency. Bloemen signed a one-year sponsorship deal with ONG Social, a social network and cryptocurrency community, and CEEK VR, a developer of virtual reality experiences. In the deal, Bloemen will earn cryptocurrency for the VR experiences he helps to produce while at the Olympics.

SEC Declines Public Information Request Due to Fears of Impeding an Ongoing Investigation

The U.S. SEC has denied a public information request from a lawyer representing class-action plaintiffs who claimed they were defrauded by Tezos’ USD 232 million ICO in July 2017. According to Reuters, the SEC believes that such a disclosure would interfere with an ongoing investigation. Neither the project’s founders nor the SEC have provided comment to Reuters on what the “investigation” entails.


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Topics: Cryptocurrency, Blockchain, Crypto Minute, Nano, Olympics