More than 10% of $3.7b raised in ICOs has been stolen: Ernst & Young

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Phishing was the most widely used hacking technique for ICOs, with hackers stealing up to $1.5 million in ICO proceeds per month.

Gumi Cryptos

China’s Tencent, Google agree to share patents in global tech alliance

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The agreement may smooth the U.S. company’s business in China while helping Tencent’s push to expand beyond its dominant position on the mainland.


Singapore: MAS chief hopes cryptocurrency tech will survive “crash”

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Singapore is carrying out extensive research into the distributed ledger technology that underlies bitcoin.


Indonesia’s central bank issues fresh warning over cryptocurrencies

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Last month, Bank Indonesia issued a regulation banning the use of cryptocurrencies by fintech companies involved in payment systems and said it is examining whether there’s a need to regulate trading on virtual currency exchanges.


India’s Reliance Jio planning its own cryptocurrency JioCoin

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With Mukesh Ambani’s elder son Akash Ambani leading the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology.


Crowdfunding platform OurCrowd raising $100m fund for AI, deep learning

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OurCrowd’s model tries to widen the population of startup investors by allowing accredited financiers to put down as little as $50,000 in its funds — a lot less than what would typically be required to become a partner in an investment vehicle.


China’s bitcoin mining giant Bitmain is expanding to Switzerland

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Bitmain Switzerland was registered in Zug, Switzerland in late December.


JPMorgan CEO Jamie Dimon regrets calling bitcoin a ‘fraud’

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Dimon still is not interested in the cryptocurrency at all, he added.


Microsoft, GV among investors in DNAnexus’ $58m financing round

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Existing investors TPG Biotech, WuXi NextCODE, Claremont Creek Ventures, and MidCap Financial also joined the round.


Bitcoin begins 2018 with a downward slide, in a first since 2015

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For the first time since 2015, the cryptocurrency began a new year by declining, extending its slide from a record $19,511 reached on Dec. 18.