Odds and Ends 

Telegram plans multi-billion dollar ICO for chat cryptocurrency

Encrypted messaging startup Telegram plans to launch its own blockchain platform and native cryptocurrency, powering payments on its chat app and beyond. According to multiple sources which have spoken to TechCrunch, the “Telegram Open Network” (TON) will be a new, ‘third generation’ blockchain with superior capabilities, after Bitcoin and, later, Ethereum paved the way. The launch will be funded with an enormous Initial Coin Offering, with forthcoming private pre-sales ranging into the hundreds of millions, potentially making it one of the largest ICOs to date. Demand is driven by the…

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Why Science is turning to ICOs for its incubator

There has been a wave of startups turning to initial coin offerings, known asICOs, to raise funding through digital currency and now at least one fund is doing this, too. Science Inc., the LA-based team co-founded by Peter Pham and Mike Jones, which has incubated startups like Dollar Shave Club, DogVacay and Wishbone, is launching a fund for blockchain startups and plans to raise the money through an ICO of up to $100 million in size. It seemed to make sense to us to put our money where our mouth…

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How Ethereum became the platform of choice for ICOd digital assets

Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor: Heres how likely your startup is to get acquired at any stage Startups, you must raise this much to join the 1% For most of the history of blockchain-based currencies and assets, the story has been all about Bitcoin. At a market capitalization of around $40 billion, it remains the most valuable cryptocurrency. But with the rise of a new chain on the ahem block, namely Ethereum, and new ways to fund the development of…

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