CRYPTOCLOCK

There have been many fake ICOs over the years. Running an ICO is easy money for scammers because it is so easy to fake it and people still fall for it as of this day. It is becoming harder and harder to spot a fake ICO simply because scammers are getting better at it. The year 2018 just started with a another high profile ICO scam, Benebit ICO. The website benebit.io was taken down but the cache version can still be found in the  web archive . All the things people look for in a legitimate ICO can be found in Benebit. It was so convincing that even reputable ICO review websites like  icobench  gave them a 4.1 out of 5 score, much higher than many legit ICOs. Benebit had a professional website, well written white paper translated into 3 languages, strong team with convincing linked profiles…etc. They could have ran off with more money until someone found the team pic stolen from http://www.thsboys.org.uk/school-information/staff/ . Their hard cap is 22500 Ether (22....

Cryptocurrencies are digital, so theoretically the creators can make the coins whatever price they want!  WRONG . The market price is driven by many factors but is mostly a scorecard  for the attempted measurement of fundamentals. One thing to keep in mind is the market is always wrong but constantly seeking the truth. So, How are the Prices Calculated? Lets use a stock as an example. To keep things simple, the price the stock is determined by supply and demand. But supply and demand have their own determinants. In the case of a stock, how well a company is doing and stands to do in the future increases the value of the company, and, stock being an ownership stake in the company, this increases the value of the stock. As you know, the price of any cryptocurrency fluctuates constantly. The last price a trade was made at for that cryptocurrency is the price that it will be for the next person. There is an order book of bids and asks that people filed for c...

The word “ altcoin ” is an abbreviation of “Bitcoin alternative,” and thus describes every single cryptocurrency except for Bitcoin. Altcoins are referred to as Bitcoin alternatives because, at least to some extent, most altcoins hope to either replace or improve upon at least one Bitcoin component. There are hundreds of altcoins ( CoinMarketCap  listed 478 at the time this guide was written), and more appear each day. Most altcoins are little more than Bitcoin clones, changing only minor characteristics such as its transactions speed, distribution method, or hashing algorithm. Most of these coins do not survive for very long. One exception is  Litecoin , which was one of the first altcoins. In addition to using a different hashing algorithm than Bitcoin, Litecoin has a much higher number of currency units. For this reason, Litecoin has branded itself as “silver to Bitcoin’s gold.” However, some altcoins innovate by experim...

Here's what is going on. A chunk of naive young men are trying to create money out of thin air, and then boom, ICO comes to their minds. The ICO, mainly or mostly launched on the ERC20(the Ethereum blockchain) is used for such activity. The process involves selling certain amount of virtual token, thus raising money which is aimed at funding a particular business. **let's be layman for a while** The ICO is the simplest way which sees individual owning a certain share of a company right from the comfort of their home. The ICO let's people own a portion of a company that could worth as low as a single dollar. The ICO sees the value of your investment reflects the true form of the company. That is the value of the company is reflect in each and every portion of the token possessed, hence the swing in price of the token ∞ to the value of the company. That being said, Is the ERC20 killing the vision of Cryptocurrency?

As of today, 29th of December, ether has been bullish for a week or so which sees the price reaching ≈$150. Ether has been underperforming for months which sees the price crashing from its peak of ≈$1300, down to ≈$87. While this may sound in appealing, investors seem to be keen to invest but are being held by the fear of experiencing a bearish market. Investors have been hopeful to see the price break through to the hundreds and this times seems like a prefect time for investment.