At nearly 3,000 ft tall, the Burj Khalifa is the tallest building in the world. Soon, it may also be the first with its own cryptocurrency. Emaar Group, the real estate firm in charge of the world-famous building, wants to develop its own crypto token dubbed the Emaar community token.
The United State Federal Bureau of Investigation (FBI) has taken it upon itself to educate investors on ICO scams. The Bureau didn’t release an official statement, however, the news was shared in an interview with The Paypers this morning.
The US federal authorities are strict against ICOs, or initial coin offerings. Projects are being shut down before they can even get started and this is now happening at State level.
Wow. It is a solemn day for cryptocurrencies everywhere! According to CoinMarketCap, the market is experiencing a big crash with most coins seeing double-digit losses. I wish I could be bringing a lighter tone to this grey picture, but another fraudulent ICO has been shut down by the SEC earlier today.
ICO scams: The ICO advisory firm, Statis Group, just announced its recent study that showed that nearly 80 percent of initial coin offerings (ICOs) held in 2017 were scams.
The SEC launched a fake ICO website called HoweyCoins to educate the public on how to keep an eye out for fraudulent initial coin offerings.
Savedroid has been a promising ICO since its inception. Founded in 2015, the project sought to develop algorithms based on artificial intelligence that would allow users to manage their expenses more efficiently through a carefully designed savings and investment system.
In 2017, ICOs (Initial Coin Offerings) blew up in the cryptocurrency market and raised a total of $5.6 billion dollars. Startups discovered a new way to fundraise and receive capital faster, by holding these coin offerings. Instead of going through the traditional VC route which pinholes their company early to a specific valuation, they decided to just go straight to individual investors to raise capital. They offer digital tokens in exchange for funding for their startup.
AdHive vs. Sapien. Both are social-construct ICOs, each with their own focus.
The Medicalchain ICO launched February 1st and concluded that same day. The project is essentially a blockchain made specifically for health records. Despite the world being in an entire data revolution, medical data has yet to catch up with other industries. The current systems the industry uses are centralized, slow, and often extremely vulnerable. It can also take days for doctors’ offices to share records with one another.
What is going to happen to ICOs in 2018? Will 2018 bring the death of ICOs or will ICOs continue to flourish?
Five days from now, BitConnect, which is a financial system startup, had plans to commence a token sale, and if you were looking forward to this, I have some bad news. The Texas State Securities Board, which has served to protect investors in Texas since 1957, has terminated these plans.
As news broke about North Korea’s ban on the initial coin offering (ICO) funding model, the ether-US dollar (ETH/USD) exchange rate fell to $278. During the Asian trading session, word broke that the South Korean Financial Service Commission would ban “all forms” of ICOs. A paralleled response, as China just four weeks ago made ICOs illegal.