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Conservative peer stakes her name on a crypto offering, just as the market crashes

Summary:
The crypto crash shows little sign of abating. Coinmarketcap is awash with red and on Tuesday morning, bitcoin briefly dipped below ,000, its lowest level since November.Folks who pulled off an initial coin offering (ICO) while the market was hot will be blessing their good luck. Folks like Michelle Mone, the founder of Ultimo lingerie, and her boyfriend Douglas Barrowman, who took over our old friend Ve Interactive, may be hoping they can get under the door before it slams shut for good.The pair have announced a m ICO to launch a “cryptocurrency-powered investment platform” called Equi. Mone, who was appointed to the House of Lords by David Cameron, told Business Insider she was staking her reputation on the project:This whole cryptocurrency world is based on trust. People know who

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The crypto crash shows little sign of abating. Coinmarketcap is awash with red and on Tuesday...

Kadhim Shubber
He is a freelance journalist who first bought bitcoins so that he could buy a beer at The Pembury Tavern, Hackney’s bitcoin pub. He has reported for Slate, Wired, The Daily Telegraph, The Sunday Times and Ampp3d. He is currently studying for a Masters in Journalism at City University London.

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