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Civil Fails to Raise $8M Minimum in ICO

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Civil, a blockchain startup that has partnered with Forbes and The Associated Press, failed to reach the $8 million minimum target it set for its initial coin offering this week, suggesting an end to the days when promoters simply had to hint at collaborations with established companies to woo investors. Also Read: Nouriel Roubini Attacks … Read more

Crypto-Flashbacks: How the Media Pumped the ICO Known as Paycoin

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Just recently Josh Garza was sentenced to 21 months of prison and six months of home confinement for his role in the many Ponzi scams like Gaw Miners, Zen Miners, Hashlets, and of course the controversial Paycoin that appeared in 2014. Back then lots of people were scammed by Garza’s schemes but he had a … Read more

Mainstream Media Narrative Sensationalizes Chinese Crypto Crackdown

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An American academic has written an article criticizing dominant media narratives surrounding China’s regulatory actions pertaining to cryptocurrencies. The article’s author, Nicholas Krapels, asserts that “most casual observers of Chinese politics do not understand” that “by design, Chinese law maintains a grey area” and get caught up in the “clickbait-oriented sensationalist echo chamber” of contemporary … Read more

British Artist Sells Entire Collection for Crypto via Wechat

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The London and Los Angeles-based artist once dubbed “the next Andy Warhol” by actor Michael Caine, Lincoln Townley, has sold an entire collection of works in exchange for cryptocurrency via popular social media platform Wechat. Also Read: The Daily: Bittrex Invests in New Platform, ATM Market to Grow Over 50% a Year Contemporary Artist Sells Entire … Read more

New CNBC Documentary Explores the Cultism of Bitcoin

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To outsiders, Bitcoin is a weird and wacky cult. Its devotees adhere to their own acronym-filled jargon, and have monetary theories that would make an economist blanch. Some of the movement’s more maverick characters are to be profiled in a CNBC documentary premiering this Monday. “Bitcoin: Boom or Bust” looks to be crass and compelling … Read more