Proof-of-Stake Currency NeuCoin Focuses on Micropayments: Prepares for Presale

Proof-of-Stake Currency NeuCoin Focuses on Micropayments: Prepares for Presale

Digital currency startup NeuCoin's 60-day crowd pre-sale aims to raise the additional funds needed to prepare for the company's public launch this summer. One hundred million NeuCoin will be up for sale April 28 in exchange for bitcoin. The price will start at 25,000 NeuCoin for 1 Bitcoin (approx. $0.01 per NeuCoin) and increase by 1 percent each day. The pre-sale will end after 60 days or after all coins have been sold. The Paris-based NeuCoin startup has already raised $2.25 million from a group of investors. Co-founder Dan Kaufman is confident about the launch of NeuCoin and told....

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In the aftermath of the oh-so-predictable crash, the Bitcoin fanatics have begun marshaling out excuse after excuse for why this non-investment investment lost so much of its value so fast. One was that hackers attacked some of the exchanges for Bitcoins and crippled it. Really? A hacker can wreck an entire market?

Kurt Eichenwald