The current cryptocurrency investments ecosystem is one of the purest forms of a free market in economic history. This gives rise to an incredible growth which makes some people overnight fortunes and allows startups to flourish like never before. Unfortunately, it also puts the burden on investors to vet...
From market cap to trading volume, there’s a lot of ways to assess and quantify cryptocurrencies. Traders evaluating new crypto projects are prone to diving deep in their quest to uncover diamonds in the rough. Github activity – the frequency with which the code governing cryptocurrencies is updated –...
Washington and legacy media are in a tizzy about Venezuela reportedly thwarting international sanctions by way of a dreaded state-backed cryptocurrency. A closer look reveals several stumbling blocks for the Bolivarian Republic: nonexistent reserves, hyperinflation, centralization, and the impossibility of actual redemption. The attempt will fail, if it’s ever rolled...
Perth Mint, Australia’s largest gold refiner, has announced plans for the development a cryptocurrency backed by physical gold. If successful in developing the altcoin, it will join a long list of virtual currencies seeking to entice cryptocurrency investors to experiment with commodity-backed virtual currencies, including Venezuela’s soon to be...
The whole point of cryptocurrencies is that they’re decentralized. Peer-to-peer cash; trustless exchange; bypassing intermediaries. So why are numerous cryptocurrencies structured more like central banks? From adjusting wallet balances to controlling nodes, many crypto projects behave just like the financial institutions they were meant to replace. Throw in the...
Premier League football club Arsenal FC has announced a partnership with Cashbet, a cryptocurrency marketing itself as being “designed specifically for iGaming” – comprising the first instance of a cryptocurrency sponsoring a major soccer team. Partnerships between sporting entities and virtual currencies appear to be quickly proliferating worldwide, with...
Tezos, last year’s most notorious ICO, is back in the news and once again it’s for all the wrong reasons. The blockchain project, with its promise of decentralized governance, was hailed as a paragon of success after raising $232 million in 2017. Then, things turned ugly and have stayed...
Through late 2017 and early 2018, ripple was the darling of cryptocurrency. Mainstream media couldn’t get enough of it, South Koreans couldn’t get enough of it, and nor could crypto newcomers, who had XRP top of their shopping list. Crypto moves at a blistering pace, though, and ripple’s decline...
The fall of Bitconnect was as certain as night follows day. A pyramid scheme wrapped inside a Ponzi with a side order of WTF, Bitconnect was as crazy as it was calamitous. The only miracle was that the racket lasted so long. When the ringleaders shut up shop on...
After gaining 2,300% in six months and launching a string of eagerly anticipated ICOs, Neo would appear to be quite the success story. The token is currently trading for $150, after peaking at $193 earlier this month. But behind the scenes, everything isn’t as rosy as it seems; the...