Dead startups: ICOs as the biggest scam in history

Dead startups: ICOs as the biggest scam in history

What's new? Satoshi Nakamoto 'is alive', a new hijacker that steals BTC, Qiwi opens a crypto-investment bank, more than 1,000 ICOs failed, blockchain can be used in public administration, Austria sells crypto in 400 post offices, BTC is better than gold & other news

  • Bloomberg announced that Satoshi Nakamoto is alive and writes a book. A new site belonging to someone claiming to be the real Satoshi appeared online. However, this Satoshi has a different style of writing, and tries to assure everyone he's real without moving his genesis coins, so Bitcoin community doesn't believe it.
  • There's a new hijacking software that steals Bitcoins. It simply monitors the infected computer's clipboard, swaps any Bitcoin address sent to clipboard for its own, and the victim ends up sending his coins to this wrong address.
  • QIWI, a large Russian payment system, starts a crypto investment bank via its daughter company QBT. This bank's name will be HASH, and its main goal will be raising money for various projects for a commission, attracting funds and institutional money. It already has 3 ICOs in its pool of projects.
  • It was counted that more than 1,000 ICO projects failed in this year. Some of them failed due to bad planning, some of them being scams. But that doesn't stop investors, as the number of new fundraising projects has doubled since then.
  • The number of people withdrawing their money from crypto exceeded the deposits in April by 37%. But in May it flipped again, and many people think that all weak hands were washed out during these dips.
  • A bill considering the use of blockchain in public administration was proposed on June 22. It was proposed by 133 deputies of the ruling party Partido Popular to the Spanish Congress. Now it has to go through the review process.
  • An analyst says that the volume of BTC futures is too small to influence its price. There are only 2,000 trades per day, amounting to 4% of the total BTC market, and it’s practically nothing compared to the volume going through retail exchanges.
  • Crypto is available for buying in more than 400 Austrian post offices. Austrians can buy there 7 different cryptocurrencies thanks to BitPanda, an exchange from Vienna. Also, it can be bought in stores of more than 1,300 post partners.
  • At a recent public event, Tyler Winklevoss said that Bitcoin is better than gold. It's also fungible and its amount is limited, but it's more portable. He compared, in the same way, Ethereum to digital oil and said that Litecoin is more like a testnet for Bitcoin. Winklevoss stated that BCH is unlikely to be added to Gemini exchange, because of its aggressiveness towards the main cryptocurrency.

Bitcoin

BTC
Price
8,744 USD -5.52%
Volume, 24h
3,497,717,274 USD
0.00%
Marketcap
153,922,072,217 USD
56%
Emission
84%

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Square Outsources for Designers to Bring about a ’Bitcoin For Everyone’ Cryptocurrency

Coinspeaker Square Outsources for Designers to Bring about a ’Bitcoin For Everyone’ CryptocurrencySquare, Inc., the Silicon Valley-based financial services, merchant services aggregator, and mobile payment company has relayed its intention to outsource for designers who could develop a “Bitcoin for Everyone” termed Square Crypto. Jack Dorsey endorsed project seeks recognition from both dApp developers and a wide range of users’ clientele.The payment processing and social media mogul speculates that well-established user experience would go a long way to be the major driving force for crypto widespread adoption. Postulating further Dorsey stated:“Unlike traditional design roles at cryptocurrency companies, this is a chance to focus on establishing the long term design vision of Bitcoin. You will work within the Square Crypto team and engage the broader open source developer community in order to make tangible forward progress toward this vision.”The idea, however, remains that just because the medium of transaction has high usability does not guarantee swift endorsement. Maintaining the fact that if a crypto token such as ‘Square Crypto’ with the capability of been accessible by all is designed, only then, would more and more people be interested in trying it out.Adding to this, it is pertinent to note that ‘Square’ is not in any way alone in this campaign to ensure that viable user experience is of utmost importance. As an integral part of the Square Crypto team, would involve working with a group of seasoned dApp developers as a Bitcoin PM. With an entire protocol – FIO – been designed to make wallets more usable and interoperable, Square Crypto is has decided to include design into its native core, so as to proffer designers with ample opportunity to structure the way Bitcoin would attain mainstream enactment.Developers’ RequirementThe Square Crypto’s ’Bitcoin For Everyone’ developer role is ideal for designers who possess the following features:Bitcoin Proponents with a heightened enthusiasm to supervise the design methodologies that would directly boost the Bitcoin’s utility over an elongated period of time.Passionate about growing the design and development community by inspiring other developers towards contributing to open-source Bitcoin. Active participant in the production of design presentations, deliverables, copies, redlines, mocks, and assets.Possesses an in-depth understanding of the inner workings of Bitcoin.Believes in the convenience and versatility of Bitcoin as a global digital currency with a prospective futuristic approach.Square Outsources for Designers to Bring about a ’Bitcoin For Everyone’ Cryptocurrency
Coinspeaker

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