ICO market is in its recession stage. For instance, in October, ICOs raised 5 times less money than in September. Investors are more cautious about new projects. About 5 – 10% of blockchain ICOs were scams as well as an unconfirmed percentage of startups failed after their ICOs. It’s a comparatively high percent, especially when considering that ICOs in 2017 have raised more than $3 billion.
Square’s cash app, which is used for payment among friends, is testing the ability to buy and sell bitcoin, a benefit that could make bitcoin easy to trade for a huge swath of the population, particularly younger consumers.
Signing up to an exchange can often prove to be daunting affair. It is often accompanied by multiple stages of verification and providing various forms of identity. Then there’s the waiting game, which can be off-putting to the uninitiated who may hold some Bitcoin or Ethereum and are simply seeking an exchange.
HydroMiner is the new benchmark for Austrian ICOs
Cryptocurrencies have been in vogue for nearly a decade now since the coming of Bitcoin on the scene in 2009 but they have not entered mainstream use till now. While there is increasing trade of these currencies and discussion on them, we are still far from the time when you can walk into any store and use them to buy let’s say a bar of soap.
Sports betting is another industry that is suffering from extreme centralization and big names corrupting the entire atmosphere. We have multiple betting outlets in Europe and USA for different sports like basketball, Association football, American football, baseball, rugby, etc that offer betting odds and such thata handful of big players dictate the entire genre and its odds. EtherSport, a new betting initiative based in London is aiming to disrupt this betting oligarchy by introducing decentralization and competitive betting procedures.
Organizing a token sale is a complex and tedious procedure that involves a lot of input from professionals in different works of life. During an ICO, project owners need to build a team of developers, advisors, legal and regulatory experts, marketing teams and KYC/AML checks. They also need to devise ways to find investors who will be willing to support the project by themselves.
It is the nineties all over again. An enthusiastic Nicholas Negroponte boldly predicted that people will soon be buying books and newspapers directly over the Internet and the then media was swift to label the emerging technology all sorts of baloney. Two decades later, the internet has become an indispensable tool for content delivery and market penetration. The same parallels can be observed with the blockchain, a distributed and decentralized ledger system offering tamper-proof data protection.
The US Department of Health and Human Services estimates that significant breaches of medical data and patient records happen once every 1.75 days. Think about that – over two hundred breaches of medical records in the US alone, and those are only the ones actively known and disclosed.
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