Bitcoin: Is it Tulip Mania or the ​Internet?

Players in the financial and technology sector have different opinions about bitcoin. For skeptics, the cryptocurrency is reminiscent of Holland’s notorious Tulip bubble of 1637. They generated a wild, speculative mania and disappeared, leaving behind pretty flowers and wrecked investors. Meanwhile, for supporters, bitcoin is the internet: a symbol of decentralization that reached its full…

ICOs Ate Away 87% of Their Raised Funds: Report

Blockchain projects that raised capital via the distribution of digitized private securities yielded 87 percent losses, according to the Block Crypto. The cryptocurrency news and research service found that the so-called initial coin offering projects, or ICOs, raised at least $14 billion to $65 billion between August 2014 and December 2018. But 90.2 percent of…

Bitcoin Correction Leads to Massive $50 Billion Crypto Wipeout

The price of bitcoin is down 5.32 percent on a 24-hour adjusted timeline, but its correction bias is shaking sentiments across the rest of the cryptocurrency market. Following the bitcoin’s slippage to the lower $12,000 level, the total cryptocurrency market capitalization wiped off more than $50 billion in a matter of 12 hours. Leading the…