Gaining Admission to ICOs is Literally a Lottery

It’s no secret that public tokensales are on the decline. The trend, which has been accelerating all year, has seen the bulk of the action transition to private and pre-sale rounds, leaving the public to fight over the scraps. To compound the woes of retail investors, gamification has made entry into the most coveted ICOs … Read more

Venezuela Certifies 16 Cryptocurrency Exchanges

The president of Venezuela, Nicolas Maduro, has announced the end of the pre-sale for the Petro, the country’s “cryptocurrency”. He claims it has raised the equivalent of over 3 billion dollars. Maduro has also certified 16 crypto exchanges he hopes will start listing his country’s new currency. Also read: Yahoo! Japan Confirms Entrance Into the Crypto … Read more

76% of This Year’s ICOs Are Already Under Water

2018 has been a tough year for the cryptocurrency markets, and crowdsales have borne the brunt of it. ICOs launching in the first quarter of this year have struggled to turn a profit, with the majority of exchange listed tokens trading at a loss, both in USD and ETH terms. As a consequence, pre-sales provide … Read more

PR: Why Artificial Intelligence Is Making Day Trading Obsolete, Research Revealed by OpenBlock

Research over the last two years have shown that digital currencies have become a source of high marginal returns considering its ample trading opportunity and skyrocketing prices. Consequently, it allows individual traders to take advantage of multiple aspects of digital currencies often without the knowledge of the pitfalls of trading, such as high volatility that … Read more

Venezuela Says Pre-Sale of Oil-Backed Petro Cryptocurrency Has Raised $735 Million

Venezuela has announced that the pre-sale of its oil-backed cryptocurrency, the petro, has attracted $735 million on the first day. The government has also published a buyer’s manual and confirmed that buyers can use “hard currencies and cryptocurrencies, but not bolivars.” Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Petro Pre-Sale Starts The private … Read more

ICOs Have Raised $2 Billion This Year – Mostly from Private Sales

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

PR: Last Chance to Join Cash Tracker DineroONE Token Presale, a Product That Will Create €45 Billion Worth Industry

{DineroONE} start-up already raised €1 million in funding from private Investors for their innovative all-in-one pay-everywhere solution, even before their Token Presale. A prospective company from Croatia aims to modernize the existing payment methods, facilitate cash flow monitoring for business entities and offer new payment solutions to consumers. The post PR: Last Chance to Join … Read more

Seele ICO Sets Up Emergency Response Team After $1.8m Fraud

One would have hoped that by now investors in Initial Coin Offerings (ICOs) would have learned to be more careful who they trust with their money, but the spate of new scams that are reported every week shows this has yet to happen. The latest group to fall for an ICO fraud are Seele investors. Also … Read more

Many Token Crowdsales No Longer That Open to the Crowds

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

Venezuela Releases Petro Whitepaper Ahead of ”$5 Billion ICO”

Venezuela’s oil-backed cryptocurrency, the petro, is a step closer to reality following the release of the official whitepaper. The eagerly anticipated document outlines the token model and crowdsale mechanism that will be used to launch the ethereum-based project in February. Having been officially signed off by president Nicolás Maduro, the whitepaper is finally available for … Read more