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As a follow-up to last week’s Bitcoinist article on sh*tcoins and Initial Coin Offerings (ICOs), Bitcoinist looks at crypto researcher Steven Zheng’s numbers, successful-to-unsuccessful ICO ratio, and more.
From Lowest to Highest Returns of Investment (ROI)
- Bolenum likely probably bound to fail after raising only $ 18,500 during August 2017. At the same time, the second most fruitful ICO raised even less than that. yet at -99.72%, Bolenum is currently the most sterile project evaluated by Zheng.
- MyBit strives hard to outstrip it. Also completed in August 2017, the MyBit ICO sold its tokens for a staggering $ 2, which now turned into 2 cents, or -98.89%.
The blockchain industry got two impressive academics to join its ranks.
On Monday, blockchain security firm Cryptic Labs announced that two Nobel Prize winners in economics will join the firm and conduct blockchain. Dr. Eric Maskin and Sir Christopher Pissarides will join the Palo Alto, Calif. firm’s advisory board.
“[They] will provide insights in incentive mechanisms, game theory and macro-economic policies, bolstering the institute’s mission to address the lack of blockchain industry expertise in both fields,” Cryptic Labs said in a Sept.
MALTA – Binance, one of the world’s largest cryptocurrency exchanges, has declared the winners of the Binance Dexathon, a community-driven initiative aimed at solving the speed and capacity issues faced by decentralized exchanges. Nine teams, including five university-based teams, emerged victorious in this coding competition.
The Binance Dexathon leverages the technological excellence of the cryptocurrency and blockchain community to solve the liquidity and efficiency problems presented by current decentralized exchanges. Since Dexathon’s launch on March 16, Binance received decentralized exchange prototypes from talented programmers and blockchain specialists worldwide. Participants of this decentralized exchange coding competition presented implementation protocols that enable the creation of a low-latency and high-throughput decentralized exchange.
Brad Garlinghouse — CEO of San Francisco-based real-time gross settlement system, currency exchange, and remittance network Ripple — believes Bitcoin is “not going to be the panacea that people once thought it would be,” and that his company’s in-house cryptocurrency, XRP, is superior. At the same time, however, he believes the cryptocurrency space will see many winners once the dust finally settles.
‘There will be many winners’
In an interview with CNBC earlier this week, Garlinghouse shared his opinions on Bitcoin and its supposed inability to solve a wide range of problems. Explained Ripple’s CEO at the Money 20/20 fintech conference in Amsterdam:
Weiss Ratings, a private company which provides research and analysis for consumers and business professionals, has released its list of 93 cryptocurrency ratings for free this week — with Bitcoin (BTC), Cardano (ADA), EOS (EOS), Ethereum (ETH), Ripple (XRP), Stellar (XLM), and TRON (TRX) coming out on top.
Free This Week
Weiss Ratings, the only financial rating agency currently offering cryptocurrency reviews, has released its full list of 93 coins and tokens to the public for free – this week only. Access to the list is usually reserved exclusively for paid subscribers.
As John F. Kennedy was wont to say, “a rising tide lifts all boats.” Essentially, what benefits one, benefits all. When Kennedy first uttered those words, it was in 1963 and he was talking about the economy. Flash forward 55 years and – as the cryptocurrency market appears to be recovering from a depressing Q1 2018 bear run – the same sentiment is applicable once again.
This past week has been extremely gratifying for crypto community members who weathered Q1 2018’s bear market and made the choice to ‘hodl’ when others were panic-selling. At press time, the total cryptocurrency market cap was just over $ 394.9 billion – a more than 18% increase from the same time last week.
There is almost always something exciting going on at Bitcoincasino.us. This is a casino that is literally based on the concept of using Bitcoins for every aspect of what goes on there. Put another way, players are using Bitcoins within the casino to do everything from withdraw and deposit to placing their actual wagers. That is a very exciting concept to a lot of players who have been bothered by the lack of such casinos for some time.