Telegram is raising money for what will likely be the largest initial coin offering in history. The company confirmed with the SEC it has privately raised $850 Million for the offering, and reports say Telegram is planning a second round of private financing. Full Tilt Capital's Managing Partner Anthony Pompliano explains why Telegram has been able to raise so much capital.
"This is a team that has proven themselves," says Pompliano. "I think they've got a pretty interesting plan moving forward in terms of what they want to do with their money."
Roughly $4 billion was raised by ICOs in 2017, according to EY, compared with $6.8 billion raised through traditional angel and seed financing in 2017, according to PitchBook. Regulators are now looking to crack down on this growing ICO market. "This is new we haven't seen this before so I think people are trying to figure out the best way to participate," says Pompliano.
Many people are thinking of their New Year's resolutions and resetting goals. Phyllis Ehrlich, career coach and president of Rocket Your Potential, joined Cheddar News to provide tips on how to polish up your resume for 2024 and explain why you should.
A 6-year-old boy who left on a flight for the Christmas holiday to visit his grandmother in southwest Florida instead was put on the wrong plane and ended up 160 miles away in Orlando, Florida.
Apple filed an emergency motion seeking court permission to begin selling two of its most popular watches again until a final decision on its broader appeal in a bitter patent dispute is decided.
