Venezuela Will Pre-Mine the Petro and Launch in 6 Weeks

One day after Venezuela’s oil-backed cryptocurrency was declared illegal, the government of president Nicolas Maduro announced plans to pre-mine the petro. The new currency is expected to launch in six weeks. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Petro Mining Restricted to Government The Venezuelan Superintendent of … Read more

The Useless Ethereum Token Crowdsale Netted $300K

A few months ago, an individual announced he was creating the Useless Ethereum Token. As the name suggests, this new asset serves no real purpose, will not necessarily appreciate in value, and shouldn’t even be listed across exchanges. Despite the lack of appeal to investors, the Useless Ethereum Token’s creator raised over US$300,000 through his initial … Read more

Crypto Companies Cashing in on the Name of Bitcoin’s Founding Fathers

Bitcoin is a powerful brand. Even uttering its name – or that of its underlying technology, blockchain – can be enough to revive tired companies and send stock prices soaring. But Bitcoin isn’t the only name strategically deployed for marketing purposes: companies are also shamelessly cashing in on the name of the cryptocurrency’s founding fathers. … Read more

Substratum’s Dark Side of the Moon

Substratum is a project aiming to power the decentralized web by allowing free and equal internet access to users around the globe. The project promises to allow anyone to host a node and receive Substrate in return for contributing to the network. Currently the product is in closed-beta allowing only a select few participants, supposedly … Read more

Malaysia Issues Cease and Desist Order to Copycash ICO

The Malaysian financial regulator has issued an order to the team behind an Initial Coin Offering (ICO) to halt any operations in the country. This is just another example of how authorities in different regions are trying to limit access to ICOs from the investing public under their jurisdictions. Also Read: New Monero Mining Malware … Read more