The elder brother of late drug kingpinPablo Escobar is launching a new cryptocurrency in a bid to boot US PresidentDonald Trump from office. Less than a day after having a $50 million crowdfunding campaign for its Impeach Trump Fund pulled by GoFundMe, Escobar Inc.is running an initial coin offering (ICO) for a stablecoin pegged to the US dollar, aptly named ESCOBAR. The move is primarily to ensure that no centralized platforms are able to further censor the fundraising efforts of the Escobar estate, which is pledged to be focused almost entirely on dethroning Trump. The estate also aims to competeā€¦ This story continues at The Next Web

More Stories

Crowdfund Insider: Sunday August 18, 2019

FinCEN Director: Casinos Must Report Suspicious Transactions, Including Suspect Use of Cryptocurrencies

America's federal financial crimes enforcement agency, FinCEN, has noticed "a gap" in the reporting of illicit use of cryptocurrencies at casinos and car

Crowdfund Insider: Sunday August 18, 2019

Future Fintech: The Fight for the Digital Banking Crown

As 2019 moves into its third quarter, the once burgeoning industry of digital banking is starting to make serious waves in the financial world - and investors

Crowdfund Insider: Sunday August 18, 2019

Bakkt Clears Regulatory Hurdles, Plans to Launch Physically-Settled Bitcoin Futures This Fall

Bakkt, a subsidiary of the Intercontinental Exchange (ICE), has announced it has received necessary permissions from the CFTC and the NYDFS to launch its "inst

Crowdfund Insider: Sunday August 18, 2019

Circles Crypto Exchange, Poloniex, Delists 23 Trading Pairs Citing Low Volume

Poloniex, the cryptocurrency exchange owned by Circle, a Boston based payments-app-turned-multiplatform-crypto-company, has announced it is "removing 23 tradin

The Next Web: Sunday August 18, 2019

Facebook should stop trying to disrupt payments with Libra and focus on repair

Regulators typically look at companies intentions and previous compliance when they enter highly regulated fields - which doesn't bode well for Facebook.

Crowdfund Insider: Sunday August 18, 2019

Santander Still Banking Coinbase, Barclays Out, Clearbank Steps In

Coinbase, a large, US-based cryptocurrency trading platform, experienced a shake up of its UK banking services this week. On Wednesday, an anonymous "rBitco