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80 Percent of Initial Coin Offerings in 2017 Were Scams

80 Percent of Initial Coin Offerings in 2017 Were Scams

A research made by ICO advisory firm Statis Group discovered that more than 80% of initial coin offerings (ICOs) in 2017 were scams. The study considered their lifecycle from the very beginning to the maturest phase of trading.   

“Over 70 percent of ICO funding (by $ volume) to-date went to higher quality projects, although over 80 percent of projects (by # share) were identified as scams,” the study says. Furthermore, 4% of ICOs failed, and 3% had gone dead. By “dead” the researchers imply ICOs that are “not listed on exchanges for trading and has not had a code contribution in Github on a rolling three-month basis from that point in time.” read more

Have You Heard of Bitcoin? Research by IMG

Have You Heard of Bitcoin? Research by IMG

As blockchain-based technologies are being developed at a faster pace every day, the popularity of cryptocurrency grows in a geometric progression. ING International Survey prepared a research named “Cracking the code on cryptocurrency”, in which examines people’s engagement in the crypto industry. They carried out a survey across Europe, the United States, and Australia, and here are the results: read more

China's Cryptocurrency Research Lab Opens New Center

China's Cryptocurrency Research Lab Opens New Center

People's Bank of China’s (PBoC) Digital Currency Research Lab is further extending its current research efforts to cities outside of Beijing to support the launch of fintech, including blockchain, ventures. 

Supporting Real-Life Projects 

The lab has partnered with the municipal government of Nanjing, the capital city of Jiangsu region, to open a fintech center in a move to develop and apply pilot programs with banks and academic organizations.

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Interest in Blockchain is Waning, Says Gartner

Interest in Blockchain is Waning, Says Gartner

Enthusiasm for blockchain technology is weakening, according to a recent research by Gartner.

Blockchain is a Little Down Lately

In the report entitled "Hype Cycle for Emerging Technologies" Gartner included blockchain, alongside four other emerging technologies, as one of five innovations that can erode the brink between humans and machines. Blockchain innovation is at the edge of the "trough of disillusionment" stage in the cycle, however, it predicts that the innovation may come to the "plateau of productivity" within the following decade.

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People Use Bitcoin 87% less in 2018

People Use Bitcoin 87% less in 2018

The volume of trading on crypto exchanges is 80% lower this year, and analytics mark a significant decrease of people using decentralized apps (DApps).

Cryptocurrencies Are Waning

About half of the crypto market volume accounts for  5 top cryptocurrencies: Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin, making over $12 billion rotate within it. One third of the sum accounts for Bitcoin and one tenth – for Ether. Consulting agency Diar confirms that all altcoins’ prices depend on Bitcoin’s fluctuations.  

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