Cryptocurrency service forced to halt ICO after raising $186M in one hour

Initial coin offerings (ICO) are hot these days. But despite all the excitement and willingness from the masses to invest their money into cryptocurrency, it appears it remains as risky a venture as ever – and Filecoin has given us even more reasons to doubt the trend. TheΒ blockchain-powered data storage service has resorted to temporarily suspending its ICO after the overwhelming inflow of cash caused its systems to partially break down, Finance Magnates reports. The sale is paused. β€” Filecoin (@MineFilecoin) August 10, 2017 The startup, which offers users a chance to exchange its own cryptocurrency for other currencies like…

This story continues at The Next Web


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