Initial Coin Offerings: What happens when a bubble cannot expand?
Initial Coin Offerings, or ICOs, have taken the fintech world by storm in the past few months. Despite the fact that these tokens do not usually confer any rights or claims against assets, as in the case of debt or equity securities, there are likely two reasons for the surge in ICO subscriptions. But the complete lack of investor protections and dubious quality of ICO issuers has drawn the attention of the SEC.
Zcash momentarily becomes the world’s most valuable cryptocurrency
The latest cryptocurrency to enter the market, Zcash (ZEC), mined its genesis block on Friday. Within 40 minutes of trading on Poloniex, a high of 3,299.99 bitcoins to one ZEC was recorded, or about US$2.3 million for each Zcash coin.
DECENT – a torrent blockchain presale
Recently, I was contacted by a fellow Bitcoiner and informed about some possible shady goings-on on the DECENT platform. Reportedly, the platform has raised 5352BTC (3.2M USD equivalent) in its token presale, but the product appears to be on some shaky grounds. Lets have a look at what we can find out about the platform, the presale and have a look at whether there is something shady going on...
All You Need to Know About Initial Coin Offerings
Understand the increasing tension between business model innovation and securities regulation
