Initial coin offerings have raised $1.2 billion and now surpass early stage VC funding

Initial coin offerings have raised $1.2 billion and now surpass early stage VC funding

admin Bitcoin Storage Platform Security, Blockchain Start-Ups, Initial Coin Offerings 0 Comments

The amount of money raised by start-ups via so-called initial coin offerings (ICOs) has surpassed early stage venture capital (VC) funding for internet companies. ICOs are a way for start-ups to raise money by selling investors tokens in exchange for equity, similar to an initial public offering (IPO). Getty Images The amount of money raised by cryptocurrency and blockchain start-ups via so-called initial coin offerings (ICOs) has surpassed early stage venture capital (VC) funding for internet companies for the past two months. ICOs are a way for start-ups to raise money from users, similar to crowdfunding, by allowing them to buy a stake. In return, the user will receive a token or digital currency, which are equivalent to shares in the firm. ICOs are popular among cryptocurrency and blockchain start-ups and have exploded in the past few months. The total amount of money raised via ICOs in April was just under $100 million, but by May this had more than doubled to almost $250 million, according to Coinschedule, a website that tracks such data. In June, ICO funding had hit over $550 million and it was the first month ever that it surpassed angel and seed VC funding. This was …

4 Reasons Why Your Nation Will Kill Cash For A Digital Currency

admin Bitcoin Bank, Bitcoin Politics, Bitcoin Regulations, Bitcoin Startups, Bitcoin Venture Capital, In the News, Institutions & Corporate Client Safeguards, Technology, The Future Of Money 0 Comments

Yes, I’m talking to you. Yes, I’m talking about your country, whether it is Russia, China, or the United States. The more modern and advanced your economy, the faster it is coming your way. The discussions have been going on for a couple of years now on how to do it. The only question is when to spring it on the masses. If you are in a less than a state-of-the-art economy, like Pakistan or Guam, you probably have a lot more time left with the paper. Most of us aren’t so lucky. Cash has been on the clock in the most advanced nations for years, with central banks limiting how much cash you can get, even from your own account. Limits have been dropping to as low as 5000 units of paper in some nations, and even then you will have to surrender your ID or go through some level of interrogation. The future of money does not include paper, and here are four reasons why digital currencies will become your official national currency. Reason #1 – The best way to control a nation is to control its money supply Governments are all about control. Whether it is doling out …

CoolWallet: The Bitcoin Wallet That Fits Right into Your Wallet

admin Banking, Bitcoin News, Bitcoin Storage Platform Security, CoinGreed, Crypto News, Offline Cold Storage Facilites, Wallets 0 Comments

new bitcoin Cold Storage device CoolWalletCT r:  256 from CoolbitX Technology is the size of a credit card, doesn’t need cables, fits in a common wallet and will grant owners confidence in thesecurity of their BitcoinCT r:  9 wealth. Cold storage is quickly becoming a popular concept within the Cryptocurrency industry. Considering the inherent risks involved in online storage of Bitcoin, the industry is devising better methods to keep the coins safe. One of these is somewhere the Hackers cannot reach, i.e. (pc or smartphone). cointelegraph interviewed Shannon Yeh, Product Manager of CoolWallet, to get an in-depthAnalysis of the product and Alena Vranova, Product Manager of trezor, a competitor in this marketplace for over a year for a comparison of the pros and cons of the two solutions. The Basic Concept of CoolWallet Shannon Yeh  is a member of the CoolbitX Technology team of security specialists, engineers and design professionals since 2012, owned by Jetstream Holding Ltd. According to Shannon, CoolWallet is the first wireless hardware wallet that can be used by smartphones to manage Bitcoin transactions. Other hardware wallets require a computer and/or a cable of some kind. CoolWallet is designed primarily for convenience. It is a product that has been designed to be …