A year ago, crypto was reaching ever new highs, and I was talking about whether ICOs would supplant the VC funding round and warning about Kim Jong Un’s crypto trading operations. And then the world turned upside down. Crypto prices are near rock-bottom prices, with Bitcoin hanging around $4,000 and Ethereum around $113, down from […]
View More Layer1 wants to thrive in the age of the crypto crashCategory: token
TrustToken opens its dollar-backed cryptocurrency to accredited investors
Pitching a dollar-pegged token that offers cryptocurrency speculators a way to move their investments across volatile exchanges, TrustToken (the first public investment from a16z crypto) is now looking for public investments from accredited investors on CoinList. The company’s first token is TrueUSD, a stablecoin that is redeemable one-to-one for U.S. dollars. In its first four […]
View More TrustToken opens its dollar-backed cryptocurrency to accredited investorsGovernments are cracking down on fake token sales
From Howeycoin to a Chinese study that found 421 fake token sales, governments and researchers are finally shedding light on bad actors in the token sale space. Take, for example, Operation Cryptosweep. According to an North American Securities Administrator’s Association, regulators in the US and Canada are looking into 70 token sales and may be […]
View More Governments are cracking down on fake token salesFools and their crypto
What should we do about token sales?
Two days ago a Lithuanian “company” called Prodeum looked like a promising if silly blockchain startup. Their stated goal? To track every piece of food on the Internet. While I doubt many of us will care about the exact provenance of the orange we just ate, we could see, in some distant future, a need for this sort of tracking.
After all, the… Read More
This company will self-destruct after its ICO
Two opposing fears are holding back the move to token-networks: a fear of the absence of governance on one side and a fear of regulation on the other.
There is, however, a solution to both of these contradictory concerns when it comes to company …
Let’s meet in New York to talk token sales
I’ve been holding a few micro meet ups over the past few years and thought I’d start it up again in honor of token/ICO mania. I’d love to hear what you all are working on in the New York area so we’ll all meet at Union Hall in Brooklyn next Wednesday at 7pm. The event is very informal and we’ll plan the next few months of micro-meetups during the event. My goal is… Read More