Many doubted The Civil Media Company’s ambitious plan to sell $8 million worth of its cryptocurrency, called CVL. The skeptics, as it turns out, were right.
View More Blockchain media startup Civil is issuing full refunds to all buyers of its cryptocurrencyCategory: ethereum
Report: Most ICO project financing unaffected by crypto market crash
Despite a bear market that has seen the price of Ethereum drop by over 80 percent since the start of the year, most projects that raised money via an ICO remain unaffected, according to the findings of a new report. Bitmex, best known for a crypto trading service, claims to have crunched the numbers on […]
View More Report: Most ICO project financing unaffected by crypto market crashIt looks like Coinbase is preparing to add a lot more cryptocurrencies
Coinbase aspires to be the New York Stock Exchange of crypto, and it is taking a small — but not insignificant – step to offering a lot more cryptocurrencies after it revamped the process of listing new digital assets. The exchange currently only supports just five cryptocurrencies — Ethereum, Bitcoin, Bitcoin Cash, Ethereum Classic and […]
View More It looks like Coinbase is preparing to add a lot more cryptocurrenciesIt looks like Coinbase is preparing to add a lot more cryptocurrencies
Coinbase aspires to be the New York Stock Exchange of crypto, and it is taking a small — but not insignificant – step to offering a lot more cryptocurrencies after it revamped the process of listing new digital assets. The exchange currently only supports just five cryptocurrencies — Ethereum, Bitcoin, Bitcoin Cash, Ethereum Classic and […]
View More It looks like Coinbase is preparing to add a lot more cryptocurrenciesCircle wants more women to invest in cryptocurrency
The earliest adopters of Bitcoin — the libertarian anarchist “cypherpunk” crowd — were mostly men. Today, roughly a decade after Satoshi Nakamoto’s famed white paper was released, the majority of cryptocurrency holders are still men. This poses a problem for the companies betting on the mainstream adoption of cryptocurrency. At this point, they’ve already tapped into […]
View More Circle wants more women to invest in cryptocurrencyAttorney General blasts cryptocurrency exchanges
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It’s not just the hacks and outright scams that make cryptocurrency a risky investment.
According to a report from the office of the New York state attorney general, the exchanges themselves — the places where would-be investors go to buy and sell cryptocurrencies like bitcoin and ether — are not doing enough to protect their customers. And that should concern you.
The in-depth look at 13 exchanges, released today, details all the ways in which major exchanges fail to guard their customers against fraud, manipulation, and abuse. It’s not a pretty picture. Read more…
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View More Attorney General blasts cryptocurrency exchangesOne of the most popular Ethereum apps sure looks like a Ponzi scheme
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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…
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View More One of the most popular Ethereum apps sure looks like a Ponzi schemeThe second blockchain bubble is now complete — what’s next?
The last few months haven’t been easy for crypto investors. Following the dizzying highs of crypto trading late last year, which saw Bitcoin reach a peak of $19,276 and a market cap of $323 billion and Ether reach $1,152 with a market cap of more than $112 billion, prices have crashed. Today, Bitcoin trades at […]
View More The second blockchain bubble is now complete — what’s next?It’s the end of crypto as we know it and I feel fine
Watching the current price madness is scary. Bitcoin is falling and rising in $500 increments with regularity and Ethereum and its attendant ICOs are in a seeming freefall with a few “dead cat bounces” to keep things lively. What this signals is not that crypto is dead, however. It signals that the early, elated period […]
View More It’s the end of crypto as we know it and I feel fineCryptocurrencies are now worth less than $186 billion, the lowest level this year
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The collective market cap of all cryptocurrencies has plunged to $186 billion on Wednesday — its lowest level this year, and the lowest it’s been since Novermber 2017.
It’s a long, painful drop for the crypto market from its January peak of $831 billion, and while everything’s possible in crypto, currently there’s no end in sight.
Bitcoin, the largest cryptocurrency by market cap, is actually holding up well, with a price of $6,281 at writing time, representing a 1.91% loss in the last 24 hours according to CoinMarketCap. This is also a long way from its January peak of over $19,800, but Bitcoin has stubbornly refused to go below $6,000 this year, bouncing back up from that level on several occasions. Read more…
More about Bitcoin, Ethereum, Cryptocurrency, Crypto Market Cap, and Tech
View More Cryptocurrencies are now worth less than $186 billion, the lowest level this yearThe Winklevoss stablecoin is one small step toward crypto acceptance
A stablecoin is a cryptocurrency pegged 1-to-1 with another “stable” currency. In most cases, these coins are pegged to the US dollar and, as such, allow for true transfers of actual fiat currencies between parties using the blockchain. If you’re nodding off right now thinking about this, I would posit that these moves, however minor […]
View More The Winklevoss stablecoin is one small step toward crypto acceptanceCrypto market is crashing hard, here’s why
The cryptocurrency market is bleeding for the second consecutive day, with prices of most popular coins down double digits in the last 24 hours.
Bitcoin, the largest cryptocurrency by market cap, is down 12.4% in this period according to CoinMa…