ICO Fever: How Crowdsales Are Taking Over Cryptocurrency

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....

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....

In the last 24 hours, a couple of developments coming out of the US have shaken up American cryptocurrency communities. First, the US Securities Exchange Commission has sent out letters to possibly hundreds of crypto-companies asking them to voluntarily hand over documents relating to their crowdsales. The SEC is clearly concerned with whether such crowdsales run afoul of the commission’s regulations, and there is a gag order attached to these requests for voluntary cooperation. Second, the Financial Crimes Enforcement Network (FinCEN) has offered a little clarity on its position regarding....

Aside from "twerking" the only word that has made both the Oxford and Collins "word of the year" lists is "bitcoin"... and this is little wonder to anyone who has been following the story. In 2013 bitcoin has caused greed, debate and bafflement in the online world. It has leapt in value, been accepted in an ever increasing array of stores... and at the start of December was at the heart of the biggest online robbery of all time. Have you been caught up in bitcoin fever yet? Click the play button below to hear the song Bitcoin Fever.....

An investigation unveiled a growing fever among crypto traders in South Korea, who actively transact cryptocurrencies every day. Local media outlets are returning to adopt the term “crypto fever” as the recent billion-dollar figures confirm such a trend. Figures Are Now Higher Than 2018 According to the report made by Dong-A, a major South Korean newspaper, domestic crypto investors transacted around $7 billion per day in the period ranging from January 1 to February 25, 2021. Kim Byeong-wook, a parliamentary member of the Democratic Party, compiled the numbers by extracting....