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Every country produces its share of underperforming altcoins. They’re called shitcoins for a reason. But China has a track record for creating altcoins that are shittier than most. The country has spawned a slew of talented developers, and has made a huge contribution to cryptocurrency adoption and innovation as a whole. But when it comes … Read more
It has always been assumed that a large number of ICOs will fail, be it at the fundraising stage or when it comes to delivering the actual project. It’s hard to settle on a precise figure, however, as most dubious ICOs don’t exit scam: they slowly tiptoe away, like a sneak thief rather than a … Read more
The future was meant to involve flying cars and jetpacks. Instead, it involves tokenizing yourself on the blockchain. It was Andy Warhol who famously observed that in the future everyone will be famous for 15 minutes. That fame, it now appears, may come in the form of the ultimate crypto vanity project: tokenizing yourself and … Read more
Despite the quality of this year’s initial crowd offerings being patchy at best, investors’ appetite for them remains unsated. $2 billion has been raised already, placing 2018 on course to comfortably surpass 2017’s total of $5.7 billion. But with the structure of these sales now geared increasingly towards private investors, the public have been left … Read more
Steven Seagal is eyeing up a cryptocurrency to replace bitcoin. Bitcoiin – count those I’s – may look and sound similar to bitcoin, but is very different. It runs on the Ethereum network, confusingly, and boasts “zen master” Steven Seagal as its brand ambassador. To add to the confusion, Bitcoiin with two I’s sports a … Read more
ICO scams can take many forms. There are phishing scams, perpetrated by impostors. There are the straight-up take-your-money-and-run exit scams. And there are the pointless ICO scams which will rob investors by failing to deliver a viable working product or shipping vaporware. In the long run, these are every bit as pernicious, for not only … Read more
The hype surrounding the profit-potential associated with initial coin offerings (ICOs) is continuing to attract participation from Australian investors. Despite the potential to incur fast losses just as easily as fast profits, many Australians appear to be dabbling with casual cryptocurrency investment. Also Read: US Regulator Warns Against Pump-and-Dumps and Advises How to Buy Crypto Australian … Read more
For generation X-ers, old enough to remember a time when photographs were analogue and games consoles were 16-bit, brands such as Kodak and Atari evoke fuzzy nostalgia. Nothing perfect lasts forever though, and those companies which once dominated their respective spheres have not aged well. Many assumed these 80s stalwarts had already given up the … Read more
The ICO was hailed as the new IPO, offering a more egalitarian way of raising funds. The fact that crowdsales bring in millions of extra dollars and create an active community from day one doesn’t hurt either. In 2017, the initial coin offering was the fundraising model that had venture capitalists looking on enviously. 2018 … Read more
The Bee Token, 2018’s most eagerly anticipated and oversubscribed ICO, has had a disastrous start to its crowdsale. Over 100,000 people had applied to be whitelisted, and the anticipation in the group’s Telegram channel was palpable. The moment the public sale launched on Monday, everything fell to pieces as phishing emails successfully stole over $400,000 … Read more
