Category: ICO

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Miroskii ICO Shows Scammers Continue to Roam Free

TheMerkle Prodeum ICO ScamIt has become painfully evident that not all initial coin offerings are created equal. While it is only normal that not every single venture will be completely professional, one would expect a decent standard of quality from companies trying to raise millions of dollars. Unfortunately, that is not always the case, as Miroskii has seemingly hired a Ryan Gosling lookalike as a graphic designer. What is Going on With Miroskii? While it is commendable to see yet another project attempt to disrupt the financial sector, the way Miroskii is going about things looks less than honest. Its business plan appears to be relatively solid, although some

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MIGS Is Another Honest Ponzi-Style Ethereum ICO

TheMerkle MIGS ICO PonziOver the past few months, we have seen quite a few interesting ICO projects which are unlike what anyone would expect. These so-called transparent Ponzi ICOs have made quite an impact on the market, although it seems quite a few people are still investing in them as of right now. MIGS is another one of those “honest” ICOs which tries to get a point across. The MIGS ICO in a Nutshell The MIGS ICO is essentially a project designed to show how easy it is to create a Ponzi-style ICO on top of Ethereum. We have seen quite a few such

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Kakao Prepares to Launch Reverse ICO

TheMerkle Kakao Reverse ICOIt has become apparent that companies tend to take the ICO funding route these days. If the Telegram ICO is any indication, the focus is now on issuing native tokens to sell to VCs and accredited investors. It seems Kakao wants to do the exact same thing, and it’s labeled its crowdfunding effort a “reverse ICO”. The Rise of the Reverse ICO It is quite interesting to see how mainstream companies are trying to tackle the ICO industry as of right now. More specifically, companies – mainly tech giants – are more than eager to issue their own digital tokens these days, yet they are not

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‘Decentralized Bank’ ICO Miroskii’s Entire Team Is Phoney

A new initial coin offering (ICO) called Miroskii hopes to build a ‘decentralized bank’ by utilizing blockchain technology. Looking at the white paper and the website, it appears to have solid ideas and even a nice looking team behind the project. However, looking a bit closer at the team shows the ICO’s ‘graphic designer’ just […]

The post ‘Decentralized Bank’ ICO Miroskii’s Entire Team Is Phoney appeared first on Bitcoin News.

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Decentralized Exchange IDEX Hits $13 Million a Day While Etherdelta Falters

Decentralized Exchange IDEX Passes $13 Million a Day While Etherdelta FaltersThe Myspace/Facebook analogy has been gratuitously overused, yet it aptly describes Etherdelta and IDEX. The former was once the only decentralized exchange in town, a hub of ERC20 tokens bolted to a barely usable interface. Then Etherdelta (ED) got hacked and launched a pointless ICO. While ED floundered, IDEX assembled a user-friendly alternative that was […]

The post Decentralized Exchange IDEX Hits $13 Million a Day While Etherdelta Falters appeared first on Bitcoin News.

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SEC Continues ICO Crackdown with Dozens of Subpoenas

TheMerkle SEC ICO SubpoenasThe SEC is on an active quest to remove all illicit offerings from the cryptocurrency ecosystem. That is quite a steep challenge, as there are a lot of things to take into consideration. The commission’s latest effort involves issuing dozens of subpoenas to ICO issuers. The SEC Steps up its Game Most people will be pleased to see the SEC take this course of action. There is nothing wrong with what the agency is doing as of right now, even though those who are involved in the ICO industry will not be too pleased with the way things are going. It has become

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