The startups have always come up with unique ideas to raise funds to give life to their ideas. But one of the most prominent and fancied word in today’s startup us to raise funds through the ICO or the Initial Coin Offerings. Disclosure: This is a Sponsored Article The age-old system of fundraising includes the selling of stake to a Venture Capitalist in exchange for money. The VC invests in the company believing that the new investments will fetch higher wealth in the future than the cash they are investing right now. However, in recent times, a new craze hasPowered by WPeMatico
In the world of virtual and digital money, there are quite a few interesting options to pursue. Cryptocurrencies are all the rage right now, but they may not necessarily be the end-all solution to some of the problems in the financial sector. Stablecoins – not to be confused with the Stablecoin cryptocurrency – make a lot of sense in this regard as well, mainly because their values are pegged to something else with value. This helps reduce volatility, broadens their mainstream appeal, and may offer some other interesting features down the line. Stablecoins can Exist and Thrive In most parts of
The number of active and upcoming Bitcoin hard forks is quite stunning. While most people may only be able to name one or two forks, there are quite a few other projects out there as well. Super Bitcoin, for example, is one of the more recent hard forks. Although it has flown under most people’s radars, there is a genuine interest in the project. It also has the support of quite a few cryptocurrency exchanges right now. Super Bitcoin is a Live Hard Fork The year 2017 has produced many different versions of Bitcoin, each with its own unique features, aspects, and goals. It is evident
Ripple has made a lot of media headlines over the past few months. Not only is its native XRP asset surging in value as we speak, but the company is making inroads in the financial sector as well. Perhaps the biggest news of the past week is that the company locked up 55 billion XRP in escrow. It seems there is still some confusion as to how this will work exactly. Now is a good time to go over the details of this move and what it means for the future of both Ripple and XRP. A Closer look at the XRP Escrow Most
Since BitConnect (BCC) rose to the top echelons of CoinMarketCap’s chart several months ago, it has received much skepticism from the mainstream cryptocurrency community. Despite this, it has maintained a huge market cap, seldom dipping below the top 20 coins, and seems to be continually growing. It’s clear that BitConnect, which promises daily returns of around 1% for users who “loan” money by locking it up in BitConnect’s systems for a predetermined period of time, is a blatant Ponzi scheme. However, the scheme, which disguises loans as funds used by a trading bot, has been very appealing to naive investors, as evidenced by the coin’s huge market capitalization
There have been a few attempts to create so-called stablecoins, which are usually currencies pegged to either fiat currencies or other tangible assets. The ARC Reserve Currency is an asset-backed digital stablecoin. All proceeds from the issuance of these coins will be allocated to fixed income investments. A stable-priced cryptocurrency isn’t necessarily appealing to investors, but it may have some real-world use cases. What is the Purpose of ARC Reserve Currency? It is evident there may be a market for stablecoins, although it remains to be seen how they will be used exactly. The ARC Reserve Currency, for example, will certainly find
In response to US Federal Communications Commission (FCC) voting to repeal Net Neutrality laws, Net Neutrality supporters who fear the worst are looking towards Substratum (SUB) as their saving grace. SUB has seen a significant boom in the wake of the vote, rising into the top 100 on Coinmarketcap recently. It currently sits at #98 with a market cap of just over $100 million. Substratum is an ERC-20 token aiming to decentralize the internet. In Substratum’s system, web users can access web browsing and hosting capabilities from other users in the network. These users represent individuals worldwide contracting their personal computers