Category: Ether

Bitcoin Blockchain Coinbase Cryptocurrency Ether

Now any idiot can apply to list their altcoin on Coinbase

sudshr47 September 26, 2018

TwitterFacebook

Bring on the altcoin spring.

Cryptocurrency exchange Coinbase teased an opening of the shitcoin floodgates today with an announcement that it will allow issuers of obscure altcoins, tokens, and even digital collectables like CryptoKitties to officially apply to be listed on its exchange. 

At present, Coinbase only lists a few cryptocurrencies — bitcoin, bitcoin cash, ether, ethereum classic, and litecoin — that are for the most part generally considered to be not a scam. According to a company blog post, that is all about to change. 

More about Bitcoin, Blockchain, Ether, Coinbase, and Cryptocurrency

View More Now any idiot can apply to list their altcoin on Coinbase
Blockchain Cryptocurrency Ether ethereum Tech

One of the most popular Ethereum apps sure looks like a Ponzi scheme

sudshr47 September 14, 2018

TwitterFacebook

They’re not even trying to hide it anymore. 

One of the most popular apps built on the Ethereum blockchain, a so-called DApp, is promising users a guaranteed fixed daily return on their investments. And all the would be crypto-rich have to do is put in a bunch of cryptocurrency up front, then sit back and wait for the rewards to come pouring in. Assuming new people keep following suit, that is. 

And man, it sure does look a lot like a blatant Ponzi scheme. 

For those not in the know, a DApp is a decentralized application built on a blockchain like Ethereum or EOS. You may be familiar with legitimate DApps such as Augur or CryptoKitties, but this is not a story about what honest programmers can create using the power of the blockchain. Rather, this is a look at the magical thinking of 333 ETH — a DApp that promises “life-long payments guaranteed by the Ethereum blockchain!” Read more…

More about Blockchain, Ether, Ethereum, Cryptocurrency, and Tech

View More One of the most popular Ethereum apps sure looks like a Ponzi scheme
Bitcoin Blockchain Ether ethereum initial coin offering

Shocking no one, study finds almost 80 percent of ICOs are scams

sudshr47 July 12, 2018

TwitterFacebook

Initial coin offerings are the way of the future, and oh boy is that future shady. 

A new study found that the favorite fundraising mechanism of the blockchain universe is often employed by those trying to fleece the world, not improve it. And, well, no one should be too shocked — it’s not like ICOs are exactly the picture of above board. 

For the blissfully unaware, ICOs provide companies with a poorly regulated way to raise large sums of money. Unlike the more traditional IPO, an ICO lets those in the cryptocurrency space sell tokens or so-called coins that will — in theory — be worth something at a future date. The reality often isn’t so pretty. Read more…

More about Bitcoin, Blockchain, Ether, Ethereum, and Initial Coin Offering

View More Shocking no one, study finds almost 80 percent of ICOs are scams
Blockchain Crime Cryptocurrency Ether founder SEC TC

Floyd Mayweather-backed Centra Tech ICO founders indicted for fraud

sudshr47 May 17, 2018

The founders of Centra Tech, a company that raised a $32 million ICO, have been indicted for wire fraud and securities fraud, charges that could lead to a minimum of five years in jail. The founders, Raymond Trapani, Sohrab Sharma, and Robert Farkas, were found guilty of trying to defraud investors with their ICO. The […]

View More Floyd Mayweather-backed Centra Tech ICO founders indicted for fraud
Bitcoin Blockchain Coinbase Cryptocurrency Ether

Even Coinbase thinks you should maybe chill for a goddamn minute on Bitcoin

sudshr47 December 8, 2017

TwitterFacebook

Bitcoin. It’s pretty great, amirite? But, ya know, could you maybe just chill the fuck out on it for a single goddamn second?

I mean, jeez, this rocket ship is on a one-way trip to the cryptocurrency moon — that much we know for sure — but, what if, and just bear with me here for a second ’cause this is gonna sound crazy, what if it’s not?

Sure, Bitcoin is hitting record highs seemingly every day now, and if there’s one thing spending BTC at dark-web marketplaces has taught me it’s that monumental highs feel like they’ll last forever. But perhaps it’s time to cut our unbridled exuberance with some downers.  Read more…

More about Bitcoin, Blockchain, Ether, Coinbase, and Cryptocurrency

View More Even Coinbase thinks you should maybe chill for a goddamn minute on Bitcoin