World number two tennis professional, Caroline Wozniacki plans to issue her own digital token with celebrity blockchain platform Global Crypto Offering Exchange (GCOX). Fans of the Danish ace will eventually be able to trade the tokens for various exclusive perks. Celebrity Tokens: Next Big Thing or Blatant Attempt to Cash In? Tennis professional Wozniacki has…
Crypto and blockchains startups, even those that hold great promise, have sadly received the full brunt of 2018’s dismal market conditions, resulting in a widespread loss of clients and investment interest. For example, freshly-printed studies have revealed that Coinbase, widely regarded as this industry’s golden child, saw 80% of its U.S.-based customer base dissipate, resulting in…
Pantera Capital’s Digital Asset Fund has sunk in value since it began in December 2017. A report which surfaced on social media revealed that the U.S. investment firm negated 40.8 percent returns to its investors to date. The figures contributed to the fund’s year-to-date losses, which rose to 72.7 percent. The fund’s compound annual growth…
After raising $4 billion through a record-breaking token sale, the Block.one team now claims that they have solved the scalability issue, leading the EOS-based platform to be the most scalable and highest performing blockchain platform in the world. The claims regarding Block.one’s ultra-high performance come just months after the platform first went live and closely…
The People’s Bank of China (PBoC) has issued a new warning to citizens regarding investments in initial coin offerings (ICOs) and cryptocurrencies, amidst reports detailing how Chinese citizens were bypassing the cryptocurrency restrictions. This latest warning comes more than a year when China’s central bank first released their unprecedented ban on ICOs. In the notice,…
As funding for ICOs drops amidst a regulatory crackdown by the US Securities and Exchange Commission, investors are turning to a new type of cryptocurrency investment vehicle in order to invest in projects: security tokens. ICO Fervor Wanes Following the surge in the ICO markets that occurred towards the end of 2017 and into 2018,…
The former CEO of a cryptocurrency company has been sentenced to prison time and ordered to pay $9 million in restitution due to his company’s role in a major Ponzi scheme that cost hundreds of investors millions of dollars. The hearing comes as the U.S. government and regulatory agencies step up their crackdown on cryptocurrency-related…