ICO halted by Australian securities watchdog

Global Tech Exchange, an Australian crypto startup, announced that its ICO has been halted by the Australian Securities Investments Commission (ASIC). The project aimed to raise as much as $50 million and was once endorsed by Aussie cricket captain, Michael Clarke.Global Tech Exchange posted a message on their site saying that Clarke "is no longer associated" with the project. In addition, the company closed its website, applied for de-registration with ASIC, and refunded its investors per ASIC's requirements. (Source: CoinDesk)