Wolf of the Wall Street Jordan Belfort warns ICOs are “scam”
Jordan Belfort, whose memoir was the basis for the “Wolf of the Wall Street” film, warned that promoters of ICOs were “perpetuating a massive scam of the highest order on everyone.”
MIT plans to issue blockchain-based digital diplomas
The Massachusetts Institute of Technology (MIT) will issue digital diplomas to 111 graduates using Bitcoin’s blockchain as part of a pilot project. The certificates will be issued via “Blockcerts Wallet”, which is an app that can facilitate the issuance of a verifiable and tamper-proof version of the certification.
Kazakhstan plans to enter the cryptocurrency market
Kazakhstan plans to enter the digital currency ecosystem with its own fiat-backed cryptocurrency.
This past Tuesday, the Maltese firm, Exante, and the Astana International Finance Center (AIFC) reportedly signed an agreement. The AIFC is supported by the Kazakhstan government. Extante, the “Next Generation Investment Company”, recently launched Stasis – the first-ever platform to propose a cryptocurrency that is directly backed by fiat money.
Tezos ICO class-action lawsuit in works as value plummets
The Tim Draper-backed ICO has been wroght with major problems. The futures price of the coin has fallen roughly 75% before it has even officially launched.
Second Bitcoin fork scheduled for tomorrow
Following the Bitcoin Cash Split, in less than 24 hours, we’ll have Bitcoin Gold.
Bitcoin hard forks may imply tax complications
IRS agent David Utzke declared that the number of individuals who bother to report the capital gains from cryptocurrencies have been decreasing. Whatever the case may be, government ambiguity has made one-for-one forks and splits excessively complicated. It has become crucial for Bitcoiners to seek out professional tax advice.
Russia launching its own cryptocurrency – “CryptoRuble”
Minister of Communications Nikolay Nikiforov broke the news and stated: “I confidently declare that we will run CryptoRuble just for one simple reason: if we don’t, our neighbors in the Eurasian Economic Community will do it in a couple of months.”
Veritaseum ICO loses millions after getting hacked
Cryptocurrencies, and especially ICOs, have been under increased scrutiny as of late. The ICO business model allows for users to raise millions within hours, without needing to go through official channels. While this is great for startups, it has encouraged an environment of distrust and fraud.
New Blockchain project to support $11 trillion of credit derivatives
The company currently responsible for settling the majority of US securities is planning to move their flagship blockchain project out of its testing phase.
The next craze is coming and will be over before you know it
Most tech crazes have adopted a “live fast, die young” mentality. With the decline of ICOs, we ask what is to follow.
