Many cryptocurrencies with top market caps rose to their positions after a massive surge – either due to a new development, an explosion of support and hype, or even an unexplained, spontaneous pump. Even more peculiar are coins of the opposite nature – those that appreciate to huge valuations without causing many waves.
What is Veritaseum?
Veritaseum provides its users and clients with several tools dedicated to trading and financial markets.
2017 was a wild ride for crypto. Over the last year, we saw record-breaking growth for assets across the board, with some coins such as Ethereum and Ripple appreciating more than 20,000%. Initial Coin Offerings especially capitalized on the hype, as developers and entrepreneurs found a way to tokenize just about everything in 2017. But all that activity comes at a price, and it’s not the usual price that comes to mind when we observe such booms. It’s energy costs.
On September 30, 2017, a single Bitcoin transaction could power 7.
A Brand New Market Cap
Wow! Look at it go! I’m talking, of course, about crypto’s ever-expanding market cap, touching US$800 billion as I write these words. Yes, that’s very close to a trillion bucks. And it’s still growing. At the start of the year (just over 5 days ago), we sat around US$670 billion, when seemingly out of nowhere, we all started watching the Ethereum (ETH) funds in our digital wallets expand in fiat value.
If you’ve interacted with Facebook, you may have had run-ins with spam bots that infest your profile (or your friends’ profiles) and post links or advertisements without your permission. Well, the same malware that tells your friends to “Check out this link for 90% off a BRAND NEW pair of Ray-Bans. WOW!” is now being used to mine cryptocurrency. A downloaded client runs mining software that contributes hashing power to the malware’s source server. Unaware Facebook users may have downloaded this bot through links shared on Facebook Messenger.
2017 has seen an explosion of cryptocurrency projects and startups focused on video games. As a whole, the video game industry appears to be one of the first sectors to meaningfully embrace cryptocurrency in a number of ways. While there are dozens of projects focused on video gaming, there are a select few that seem to be breaking away as front runners in building a bridge between crypto and the US$100 billion gaming market.
GameCredits (GAME) is the grandfather of crypto gaming.
A disgruntled initial coin offering (ICO) participant has filed a class action lawsuit against the founders and promoters of the $232 million Tezos blockchain project.
The lawsuit [PDF], which was filed in the San Francisco County branch of the California Superior Court, follows an explosive investigative report that revealed infighting between Tezos founders Kathleen and Arthur Breitman and Johann Gevers, the head of the Tezos foundation, the organization that oversaw the project’s $232 million ICO and maintains control of those funds.
The U.S. Securities and Exchange Commission has charged a businessman and two of his companies with defrauding investors through initial coin offering (ICO) scams, including the REcoin ICO.
SEC Charges REcoin ICO Organizer With Fraud
According to a SEC press release, Maksim “Max” Zaslavskiy committed fraud by selling unregistered securities backed by nonexistent assets.
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The SEC has become “an agency that polices the broken windows on the street level, and rarely goes to the penthouse floors.