A Brief History of Coin Crowdsales: Winners, Losers, and the Future of the Internet
The world of digital currencies is so rooted in the emerging ideas and developments of the tech world that when start-ups in the space approach the more normal issue of business development, such as staffing and funding, the drive for innovative solutions is often carried across. Enter the world of altcoin crowdsales. These “initial coin offerings” serve multiple functions for new cryptocurrencies, both raising awareness as well as funds- for the start-ups trying to gain leverage in a crowded marketplace. Getting people excited about a new coin at such an early stage also represents a more....
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Cryptocurrency crowdsales, or Initial Coin Offerings (ICO), can be a contentious subject. But there are a lot of ICOs on the crypto-landscape lately. Many exist on larger platforms, such as Bitshares and Ethereum. Crowdsales & ICOs Are Growing More Popular. Lately, in the cryptocurrency news cycle, all you hear about is some new ICO or crowdsale....
U.S. Senator Pat Toomey has called on Congress to stop the Treasury Department from maximizing its ability to regulate and tax crypto by picking winners and losers. “Congress should not allow that to happen,” he said. US Senator Urges Lawmakers Not to Crush Crypto Innovation Following the endorsement of a crypto tax amendment by the White House, concerns have been raised that the U.S. government is picking winners and losers in the crypto space. Two crypto tax amendments to the $1 trillion infrastructure bill have been introduced but the White House has chosen to endorse the....
BTC and altcoins took a beating over the weekend, but data shows a market with healthier trading conditions, even if prices consolidate for the foreseeable future. Looking at the winners and losers of the past week clearly shows that traders endured some serious heat as the total crypto market capitalization dropped by 12.7% when Bitcoin fell to $41,000. This sharp downside move knocked the figure from $2.37 trillion to $1.92 trillion on Dec. 3 and a total of $2 billion long future contracts were liquidated.Top winners and losers from top 80 coins. Source: NomicsBitcoin (BTC) price....
For many entrepreneurs, one of the most compelling use cases of blockchain technology is the potential for it to enable new marketplaces that remove traditional hurdles associated with investing and crowdfunding. The growing number of public crowdsales has been widely covered as of late. With these crowdsales, companies sell a branded bitcoin fork as a way to finance the early development of cryptocurrency-related projects. The popularity of many of the early crowdsales has sparked a conversation about where the burden of consumer protection lies. It appears that burden, at least for the....
Ripple Labs has officially responded to the complaint by the U.S. Securities and Exchange Commission (SEC). Besides explaining that the XRP cryptocurrency is not a security, Ripple accuses the securities regulator of being out of step, picking winners and losers, as well as distorting facts regarding the cryptocurrency. In the court document filed on Jan. 29, Ripple claims that XRP is not an “investment contract,” insisting that the crypto “is a virtual currency and thus, outside the SEC’s jurisdiction.” Furthermore, the company stated that it never held an....