It’s not clear what Tron is or whether or not it takes its name directly from the science fiction movie. And that confusion extends to the company’s business model. We jump into the grid to explore why Tron’s coin-operated business is more arcade than reality. The first thing I learned about Tron the crypto company is that it has nothing to do with Tron the movie – or the game – or anything related to Tron.
Both of these highflyers are taking the crypto community by storm. Which one will fare better in 2018? Who do we believe will outperform the other? Find out. If Ripple is the Goldman Sachs of crypto, Stellar is its antagonist, Robin Hood, with the latter pointing out that the former is hanging onto to nearly 60% of the originally issued Ripple tokens. Which in my ledger implies they can easily manipulate their own market. For reference, 60%
The list of experts and talking heads eager to belly up to the bar and spout forth on why Bitcoin is a bubble and we’re all fools for believing in it is, as Goose would say, long, but distinguished. The latest expert to lend his voice to the bubble echo chamber is Columbia University professor Jeffrey D. Sachs. Sachs, who is also a published author and director of the Center for Sustainable Development at Columbia
EOS hype is off the chart, but does the company have the capacity to outperform Ethereum? We answer that question and several more as we do a deep dive into the company, its management, and its business model. It’s easy to proclaim the latest technology the next internet, [insert crypto] killer, or even the next generation blockchain. But will it hold up to the hype? That is the question EOS is about to answer. To
As Bitcoin and other cryptocurrencies gain popularity as a mode of payment transfer, it has become common for the average Bitcoin user to be scammed by an anonymous identity who requests payment for some work is then never heard from again. The decentralized nature of cryptos certainly has a tradeoff – unlike a credit card or bank transaction that can be reverted, a cryptocurrency transfer once confirmed is permanently recorded on the Blockchain. This is
The violent sell-off of cryptocurrencies seen recently had been expected long ago. Everybody was talking about growing bubble, everybody was trying to predict the dates and levels, but as usual, it has come up unexpectedly. Or not? Below I will name the key drivers that triggered the move and the possible scenario for most cryptocurrencies under the leadership of Bitcoin. The current Bitcoin slump is the function of mass profit taking. During the recent months,
In a recent report sent out to clients, Morgan Stanley analyst James Faucette cautioned that the “true” value of Bitcoin might actually be zero. Zero. Zip. Nada. The report, titled Bitcoin Decrypted, discussed the difficulty in ascribing value to the digital currency, noting that it behaves like neither a currency nor a store-of-value commodity like gold, silver, etc… Examining several key factors, Faucette points out: Bitcoin can’t be valued as a currency because it has no associated interest
Sergei Mavrodi, the man behind the MMM pyramid scheme in Russia that resulted in at least 50 suicides, is back and relaunching his Mavro cryptocurrency. The crypto world can be a dangerous place. Not only do people have to contend with criminals hacking exchanges and emptying wallets, there are lots of shady characters pushing ICOs and other get-rich-quick schemes. One of the most outright brazen fraudsters is Sergei Mavrodi, the man behind the MMM pyramid
There is no doubt that the majority of people will have heard about Bitcoin by now – its meteoric rise of over 1800% this year has made mainstream news globally. However, anyone that has dealt with BTC will also know that it is inefficient, slow, and expensive to send and receive. Transaction costs are escalating, it can take hours to send it from one exchange to another, and crypto exchanges often just close their digital
The SEC just issued another warning over Initial Coin Offerings (ICOs) but the test of a utility versus a security token is still murky. Here's what I believe the 5 Actions the SEC will take against ICOs in the next 6 month
There has been a lot of talk in the news recently about how much energy Bitcoin mining uses and its potential impact on the environment. Today we explore just how much energy Bitcoin mining really uses and 5 possible ways to reduce or offset its power consumption. In 2011, Google revealed that it used enough energy from fossil fuels to continuously power 200,000 homes, which is about one quarter the output of a nuclear power
With Bitcoin prices smashing through one milestone after another and mainstream financial institutions like CME Group, CBOE, and Nasdaq preparing to offer Bitcoin futures trading, you would think that investors would be beating down the doors to get in on the action. While many investors are rushing to jump on the Bitcoin bandwagon, just as many are shying away from the digital currency. All of a sudden, or so it seems, Bitcoin hype is everywhere.
Ultimately the market for ICOs is about the companies that make up that market. When you buy a token, you are holding a promise. You’re not holding a piece of that company. It’s important to understand at a deep level what that promise is. From Skeptic to True Believer For the past few days, I’ve examined the top performing ICOs that are backed by Ethereum’s ERC-20. Almost all of them are promises to deliver value
Bitcoin’s largest long-standing danger is not central banks or government bodies, it is the technological know-how behind Bitcoin that anyone can use to launch new cryptocurrencies. This is proved by the quick development in the supply of other digital currencies that are challenging Bitcoin. An increased volume of new cryptocurrencies carries the possibility of ultimately crushing or at least greatly influencing Bitcoin prices and adoption. Altcoins’ Potential Earlier this month we witnessed an interesting situation.
As of September 2017, ICOs, or initial coin offerings, have raised over $2.3 billion. This amounts to almost $8.5 million a day. There was an incredible stretch over the four months beginning in Q2–$103 million was raised in April, $232 million in May, $462 million in June, and $574 in July. ICOs have become an attractive counterpart to traditional IPOs and venture capitalism, as ICOs are based on promising blockchain technology and typically have much
People have already made fortunes from crypto fever and cryptofunds, and many more will make money as well. But not everyone. The Cryptofund Lifeline Like any rapidly developing market, the cryptocurrency industry provides opportunities, but there are only a few who can really use them. A significant share of the cryptocurrency market is owned by the those who mined it but have no idea how to handle it. Almost all of these people are at
Following over a decade of economic turmoil, Zimbabweans are turning to bitcoin for some financial stability. Yes, you read that correctly! I mean, seriously, just how messed up is that? As a result, bitcoin is reportedly selling in the capital, Harare, for almost double the global average, according to TheNational.ae. I Thought Harare was That Gorilla Meme… From our ivory tower perched high on Crypto Mountain, we often look down at the mere mortals below. We
Dutch Bank ING released a report complaining about the energy amount that the average Bitcoin transaction consumes. When it comes to Bitcoin, some people just aren’t happy unless they’re finding something to complain about. The fact that it’s essentially a revolution in finance and individual liberty isn’t important. What is important is what they consider the drawbacks of Bitcoin to be. The most recent example comes from the Dutch bank ING, who just released a report
The ICO is still booming; there’s a new way for companies to attract investment, while crypto holders know their “new money” now offers one more way to increase profits. Feeding the Dream Where there is demand, there is supply. The so-called “ICO full-range service” agencies promise the best quality, speed, and results with little or no input from the client’s side. All you need to do is pay. I can personally vouch for the high interest
Another day, another dollar, another All Time High in both price and market cap. It’s all starting to get a little bit… meh. Well, as “meh” as it can get, knowing that our magical imaginary money is suddenly worth even more. I could write yet another article, quoting a few figures, then padded out with a bunch of conjecture as to what happens next. But instead, I’m going to put on my big dreamer’s hat, and
It only seems like a couple of days ago that we were all huddled around our computer screens in nervous anticipation. The countdown tickers onscreen marked the inexorable march towards an event that could change the world. Fingernails were being bitten down to bloody stumps, until finally… zero hour! So much has happened since then that… What? It was only a couple of days ago! Oh, so did anything happen? Not Immediately The alotted time came and
Singapore is witness to its first legal battle regarding cryptocurrency and Bitcoin, according to local newspaper, The Straits Times. The lawsuit revolves around a series of trades placed by UK based market maker B2C2 on the “World’s Most Advanced Bitcoin Trading Platform”, Quoine. Specifically, the market maker claims that trades were unlawfully reversed by Quoine, leading to proceeds being “misappropriated” without authorization. You Mentioned a Bitcoin Pricing Error We’ve all been there. Nonchalantly browsing around a store, not really
Exactly one week ago, the SEC issued a report concluding that certain token sales could be considered securities, and hence were subject to regulation. Today, the Monetary Authority of Singapore (MAS) issued a similar statement, clarifying that, in some cases, Initial Coin Offerings (ICOs) were essentially equivalent to securities, and should fall under the same regulatory procedures. I can’t help but feel slightly responsible. After all, just five days before the SEC report was published,