When it comes to Bitcoin and cryptocurrencies, it seems like there is a never-ending stream of news and a new initial coin offering every day. That is why Shaun Newsum launched ICO Watchdog, a financial information service aimed at keeping cryptocurrencies and the companies around them accountable.
ICO Watchdog is a messaging platform with chatbots that helps users and investors understand what is going on in the industry. ICO Watchdog is also keeping an eye on insider trading within crypto companies.
When asked if there will be more regulation in the future, Newsum explains that despite the need for more overhead, it is unlikely we will see that come in 2018.
In Wednesday's business headlines, Microsoft CEO Satya Nadella is due in court to defend the company's takeover of Activision Blizzard and United Airlines is under fire over its recent cancellations with CEO Scott Kirby blaming the FAA for the disruptions. Meanwhile, a judge approved Overstock's purchase of Bed Bath & Beyond assets.
Commercial electric vehicle startup Lordstown Motors Corp. has filed for Chapter 11 bankruptcy protection nearly two months after it warned that it was in danger of failing.
