ICO Alert does not provide investment, financial, or legal advice. This site cannot substitute for professional advice and independent factual verification. ICO Alert does not endorse any initial coin offerings advertised on this site but does receive compensation for advertising certain offerings. The content provided or linked on this site is for informational purposes only. Please click here for additional important information.
Kraken Back Online After Prolonged Maintenance
Kraken, the 5th largest cryptocurrency exchange, has come back online after completing maintenance that was initially scheduled to last two hours, but instead took almost three days. According to CoinDesk, Kraken is waiving trading fees for all its clients until the start of February 2018 as an apology. Kraken claims it will release a detailed description of the difficulties in encountered “in the coming days.”
Vitalik Buterin Proposes New ICO Method, DAICO, to Reduce Cost and Risk
Vitalik Buterin, the creator of the Ethereum Network, recently proposed a new method for decentralized fundraising. According to the Merkle, Buterin’s proposed DAICO is intended to minimize the complexity and risk associated with ICOs. One of the key features of this DAICO approach would enable investors to collectively refuse access to funds or collectively “vote to self-destruct” the ICO if the funds raised are not being used responsibly.
U.S. Marshals Service Conducting Auction for up to 3,813 Bitcoins on January 22, 2018
The U.S. Marshals Service (USMS) will conduct a sealed bid auction for approximately 3,813 Bitcoins on January 22, 2018 from 9:30AM EST until 3:30PM EST. According to Forbes, potential bidders must complete registration by 12:00PM EST on January 19, 2018 via email to USMSBitcoins@usdoj.gov. A USD 200,000 deposit is required to participate, which will cover bidding. Non-winning bidders will have their deposits returned.
Sweden Exploring Development of Government-Sanction Cryptocurrency, e-Krona
As reported by the Financial Tribune, Sweden’s central bank, the Riksbank, is exploring the development of a government-sanctioned cryptocurrency called the e-Krona, according to analysts at HSBC. There is no definitive timetable set for the release of the e-Krona.