Wolf of Wall Street' warns raising money through ICOs is the 'biggest scam ever' Initial Coin Offerings (ICOs) have become a primary means of fundraising for projects built on blockchain technology. "It is the biggest scam ever, such a huge gigantic scam that's going to blow up in so many people's faces. It's far worse than anything I was ever doing," Jordan Belfort told the Financial Times in an interview published Sunday. So far this year, ICOs have raised more than $3 billion, according to Coinschedule.com. https://www.cnbc.com/2017/10/23/wol...ey-through-icos-is-the-biggest-scam-ever.html
Prince Alwaleed says bitcoin will implode: 'Enron in the making' "It just doesn't make sense. This thing is not regulated, it's not under control, it's not under the supervision" of any central bank, Alwaleed says. Bitcoin has surged about 500 percent this year. https://www.cnbc.com/2017/10/23/prince-alwaleed-says-bitcoin-will-implode-enron-in-the-making.html