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Ex-footballer launches his own cryptocurrency – the Owen Coin

JAKARTA: Former Liverpool and Real Madrid striker Michael Owen is launching a cryptocurrency in his own name, joining other famous sportsmen including Manny Pacquiao in a new venture to connect with fans. The retired England star announced Wednesday his investment in the Singapore-based Global Crypto Offering Exchange (GCOX) as he unveiled the 'Owen Coin'. The celebrity tokens will allow fans to buy merchandise such as personal training videos, make donations to charities and even interact with the ex-sportsman via…

EU markets agency warns new crypto coins could prove worthless

FRANKFURT: Europe’s top markets regulator has warned investors about the pitfalls of buying newly issued crypto coins, an experimental and unregulated form of online crowd funding particularly used by start-up businesses. The European Securities and Markets Watchdog (ESMA) said on Monday such Initial Coin Offerings (ICOs) were unregulated, volatile, not transparent and technologically untested. “ICOs are extremely risky and highly speculative investments,” the agency said, adding there was a risk of “the total loss of…