Block.one’s EOS ICO has raised approximately $700 million USD, despite EOS’ FAQ page clearly stating that token-holders will not be afforded any rights or functions. The token sale currently comprises the largest ICO to date, with the company anticipating a launch in June 2018. Also Read: Centra ICO Faces Class Action Lawsuit, Accused of Violating US […]
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With bitcoin again dominating headlines, a flood of new money has recently entered the cryptocurrency markets – including from emerging crypto markets such as Hong Kong. Local media outlets are reporting, however, that many new investors may be ill-prepared for the risks associated with cryptocurrency. Also Read: Japanese Investors Increasingly Switching From Traditional FX Trading to […]
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