Crypto Banking Startup Hush Goes Silent After Failed ICO

Crypto Globe Tue, 1 Jan 2019

Founded in Toulouse, France, crypto startup Hush’s services were described as similar to a those offered by a “neo-bank” - which aimed to revolutionize the traditional banking industry by creating a participative community of digital currency users. Hush’s founders had planned to use a decentralized governance model, much in the same way other blockchain-based consensus algorithms before it had done. Leading the company’s development efforts was Éric Charpentier, the former founder of fintech firm, Morning. Those familiar with Morning’s operations would know that the company’s business activities were suspended by regulatory authorities.