ICO Firms Paid Themselves $24 Billion Absent of Accountability or Much Effort

post-img

Read More

A BitMex report highlights the egregiousness of the ICO craze of 2017. Cryptocurrency companies were able to raise millions absent of accountability and with little work, and at the expense of likely unsophisticated buyers. The scathing report, released on Jan. 16th by BitMEX, on the ICO market in 2017-18 concluded token startups raised over $24 billion during…

Binance Freezes Hacked Cryptopia Funds, Raises Questions Around Cryptocurrency Fungibility

post-img

Read More

Part of the funds from the Cryptopia hack were recently sent to the Binance cryptocurrency exchange. In response, Changpeng Zhao (CZ), the CEO of Binance froze the funds, raising questions around cryptocurrency’s anonymity and fungibility. Cryptopia is a tiny exchange with a daily trading volume averaging around $2 million. The exchange was hacked on the…

Analysis: Bitcoin Transactions at 10-Month High While Fees at 2-Year Low

post-img

Read More

BTC has hit a 10-month high in transaction volume. Meanwhile, tx fees are at a multi-year low. These figures indicate that factors such as scaling improvements to the Bitcoin protocol, and the relatively modest price of bitcoin, have made transactions in the cryptocurrency extremely affordable. Growing Transactions Volume At 300,000 transactions per day, Bitcoin is…

New Evidence Suggests Tether Does Not Have the Dollar Reserves It Claims

post-img

Read More

Reports from the Central Bank of the Bahamas indicate that Tether Ltd. may have never deposited funds into the country. These findings could suggest that Tether may be holding their reserves elsewhere, or not have any reserves at all. In either case, the results could be catastrophic for the cryptocurrency markets. Investors have become increasingly…

Blockchain Developer at Top of List on LinkedIn’s Emerging Jobs Report

Blockchain Developer at Top of List on LinkedIn’s Emerging Jobs Report

Read More

LinkedIn has released the 2018 edition of its Emerging Jobs Report. Topping the list is the blockchain developer position. Yet, with crypto markets crashing in the past month amid signs of an industry slowdown, it’s unclear whether blockchain firms will be hiring at the same pace in 2019. Demand for Blockchain Devs Increased 32 Fold…

Data Shows that Women Are Underrepresented in Blockchain and Crypto

post-img

Read More

New data shows that the blockchain and cryptocurrency industries are male-dominated, severely underrepresenting women in the workforce. A LongHash report published on December 11, 2018, analyzed the most recent 100 blockchain startups and found that the industry employs significantly more men than women, showing a growing gender divide in the emerging companies. But, is this…

Explained: 51 Percent Attacks on Bitcoin and Other Cryptocurrencies

post-img

Read More

One of the worst things to happen to a proof-of-work cryptocurrency is a 51 percent attack. Such attacks undermine the immutability—and consequently the trust—in a blockchain. Satoshi Nakamoto summarized proof-of-work as “one-CPU-one-vote.” Since then, the cryptocurrency mining industry has advanced beyond CPU mining, which could compute the Bitcoin algorithm thousands of times per second, to…

Ongoing Minting and Dumping: RusGas (RGS) Allegedly Scamming Token Holders

post-img

Read More

On Nov. 28th, 2018, MonitorChain detected a potential scam: RusGas (RGS) is minting billions of tokens, diluting the value of investor’s tokens and driving the price down to nearly nothing. RusGas is a project using blockchain to “transform the gas industry.” According to ICO Bench, the company raised $2.2 million during its ICO. On Nov.…

Analysis: Bitcoin Costs $1.4 Billion to 51% Attack, Consumes as Much Electricity as Morocco

post-img

Read More

To successfully conduct a 51 percent attack on the Bitcoin network would cost an incredible $1.4 billion. This massive network supports over 5 million specialized ASIC mining computers, consuming a total of 29 Terahashes of electricity—as much as the entire country of Morocco. One of the underpinnings of the Bitcoin network is its security. The…

Humor: Vitalik and His Hands of Steel, Buterin HODLs Through $450 Million of Losses

post-img

Read More

Ethereum is getting gutted during this market downturn, losing 60 percent of its value in the last three months alone. Despite the nosedive, enigmatic Ethereum founder Vitalik Buterin has held steadfast. From all-time highs in January, Buterin has lost nearly $470 million in the value of his ETH holdings. That said, he has shown no…