The Good, The Bad, And The Ugly Of Initial Coin Offerings

Initial coin offerings, more commonly referred to as ICOs, are an innovative fundraising mechanism in which new projects receive Bitcoin and Ethereum in exchange for crypto tokens that get value if the project turns out to be successful.

As you can see from the infographic below provided by BTXchange, this kind of fundraising opens up a lot of new possibilities for startups. However, there's a big stumbling block that often gets brought up whenever discussions about ICOs take place.

Shortly put, ICOs have no regulation in some countries.

In other words, if you live in a country which has not yet introduced any regulations and invest your cryptos into an ICO that turns out to be a fraud, you have nowhere to submit a complaint, let alone get your money back.

However, many feel like the benefits of ICO by far outweigh the problems that plague this fundraising mechanism. For starters, unlike ventur…

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Altcoin Prices are Struggling to Keep up with Bitcoin

Bitcoin has many cryptocurrency traders feeling bullish after making a strong move to reclaim a position above $7,000. Many altcoins, however, have failed to keep up. ETHEREUM Starting from the top, the first altcoin which has failed to keep pace with Bitcoin price $7461.5 -0.06% is Ethereum (ETH), the second-ranked cryptocurrency by market capitalization and leading operating system featuring smart contract functionality. At the time of this writing, Ethereum $464.868 -0.13% is down 10.90 percent against Bitcoin over the last week. Those looking to buy low may be enticed by ETH/BTC reaching oversold levels on the daily relative-strength index (RSI). Ether is also well below its 200-day moving average, though may have more room to fall before finding any level of support against bitcoin. RIPPLE Ripple (XRP) $0.45923 -0.08% has also been getting slaughtered against Bitcoin. The bank-friendly cryptocurrency — which many believe isn’t a cryptocurrency at all — is …
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Latest CryptoCurrency Prices

We've now added a handy new feature on Bitcoin People! You can now checkout the latest prices of all your favourite cryptocurrencies in one place at http://cryptocurrencies.bitcoinpeople.online. View the latest Prices, Market Cap, Available Supply and Volume of Bitcoin, Litecoin, Ethereum, Ripple, Monero, dash, Dogecoin and many more. Prices can be shown in a range of currencies!
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New $100 Million Cryptocurrency Hedge Fund to Use XRP

TechCrunch and CrunchFund founder Michael Arrington has announced he is going all in on cryptocurrency investments with a new hedge fund called Arrington XRP Capital. As the name suggests, the fund will be managed in Ripple’s XRP but it will invest in a wide variety of cryptocurrency assets and Initial Coin Offerings (ICOs) as well as private equity offerings. Also Read: Bitfinex Faces Further Scrutiny Over Tether Liquidity Concerns $100 Million in XRP Investments New $100 Million Cryptocurrency Hedge Fund to Use XRPAccording to Arrington, the $100 million cryptocurrency hedge fund has commitments from investors for over $50 million already, and they plan to begin trading in the next few weeks. Other than the founder, two additional partners in the venture are former CEO of TechCrunch Heather Harde and veteran technology executive Geoffrey Arone. This move is another strong indication of just how much cryptocurrency is recently becoming a mainstay in Silicon Valley…
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