Observations from Auroracoin’s launch
Auroracoin’s airdrop to all Icelanders began Monday night/Tuesday morning, and there’s already enough data to start drawing conclusions and maybe speculating a little. First, to catch everyone up: Auroracoin is a cryptocurrency designed specifically for Icelanders, who have seen their fiat currency plummet in value over a couple of generations now. It’s based on Litecoin, and at midnight on March 25 (local time), a premined stash became available to all residents of Iceland. The haul works out to about 31.8 AUC for each of Iceland’s roughly 330,000 citizens, and claiming your share is....
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In times of financial crisis, there is a distrust and uncertainty installed in people’s minds. In a hope to counter this dilemma, nation-based cryptocurrencies are being launched trendily. The aim of these launches is to freely distribute these currencies among the people, and inspire them to use them in their day-to-day transactions, making them less dependent on the traditional national currencies. The latest one to squeeze its way in is Spaincoin – the alleged Spanish Bitcoin that is inspired from Litecoin’s Scrypt Algorithm. Launched a month earlier, Spain’s first national....
Auroracoin’s development team plans a second coming as new scandals emerge with government corruption surrounding 2008’s bank collapse. The 2008 banking collapse created fertile ground for crypto. Iceland’s financial turmoil is back with a new scandal related to 2008’s bank failures. Wintris Inc., a British Virgin Islands-based company revealed to be owned by Anna Sigurlaug Pálsdóttir, wife of Prime Minister Sigmundur Davíð Gunnlaugsson, is claiming 515 mln. isk (icelandic kronas, over 4 million USD) in bankruptcy funds from the three failed banks during the crash. Seeing this as a corrupt....
An in-depth look at various currencies and their charts as well as observations on energy commodity prices and how they’re affected by world events.
"Anecdotes, observations, advice, memories, Murray-isms" are coming to the world of NFTs as acclaimed icon Bill Murray prepares to launch an inaugural NFT series with Coinbase. American actor, writer and comedian Billy Murray is a globally known figure within the entertainment industry following an acclaimed and on-going career that spans six decades.Commencing with The National Lampoon Radio Hour in 1973, Murray’s highlight reel includes Saturday Night Live, Ghostbusters, Groundhog Day, Lost in Translation, and Zombieland, among many other notable screen contributions.Murray has earned a....
We reported in mid-February on Auroracoin, a 50% premined altcoin that will be distributed to everyone in Iceland on March 25. Auroracoin takes the chance. While the cryptocoin community was focusing all of its attention on Mt. Gox, Auroracoin’s value has suddenly taken off. In one 24-hour period this week, the value of the coin rose by more than 300%, giving it the third-highest market cap of any digital coins, behind just Bitcoin and Litecoin. At the time of writing, Auroracoin has a market cap of just more than $196 million on a total supply of 10.5 million premined coins. Each....