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There are some wild claims going round about how much ICOs raise. Sometimes it’s difficult to verify if a company actually did raise the amount of money they claimed. Fortunately there is a tool available to examine Ethereum blockchain transactions, which is where most ICOs raise their money. It’s called Etherscan and in this post…
Read More How to use Etherscan to verify ICO claims
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Over the weekend Andreas Brekken published a lengthy post denouncing IOTA, which had previously received a lot of hype as a cryptocurrency for Internet of Things (IoT). Brekken, who named his blog Shitcoin, concluded that “IOTA cannot be used for Internet-of-Things devices. Or anything.” Damn. I’ll comment on Brekken’s analysis, but I also want to use this post…
Read More IOTA & the difficulty of testing blockchain apps
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At the Blockchain Connect conference in San Francisco last week, CoinDesk’s Bailey Reutzel made some useful notes from a panel of ICO investors. The following tips from Linda Xie, managing director of crypto hedge fund Scalar Capital, are especially pertinent. She talks about how to weigh up the merits, or otherwise, of a blockchain startup doing an ICO:
Read More Tips for assessing an ICO
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An ICO (Initial Coin Offering) is a new way for startups, particularly blockchain-based ones, to raise money. It’s an ingenious method of both raising money and incentivising people to use your product. The problem is, ICO valuations have risen to absurd levels. Also many ICOs don’t bear close scrutiny, which will be a problem when…
Read More ICO crackdown likely in 2018