To date, Ethereum‘s process of initial coin offerings (ICOs) has earned token founders an estimated combined profit of $12.8 billion, made entirely of digital assets they created out of thin-air. The research arm of BitMEX has tracked the $24 billion worth of tokens issued by blockchain startups in its history, just, you know, to see where it all went. “Based on our methodology, it appears as if ICO teams have profited by almost $13 billion from this ICO process,” wrote BitMEX. “In our view, this money was made incredibly easily, with very little work, accountability or transparency.” According to BitMEX, this research highlights the… This story continues at The Next Web
Instagram has been earning money from businesses flooding its social network with spam notifications. Instagram hypocritically continues to sell ad space to services that charge clients for fake followers or that automatically follow/unfollow other people to get them to follow the client back. This is despite Instagram reiterating a ban on these businesses in November […]
Are stablecoins really a safe bet? Stablecoins are blockchain tokens designed to stay at one value via a peg to a real-world asset’s quantifiable and stable value. These tokens work by utilizing a smart contract that burns and issues tokens in response to market forces or user redemption. Stablecoins offer a unique use case for […]
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