As an initial public offering where the company sells its shares on a financial market, an ICO (Initial Coin Offering) allows a company to raise capital from multiple sources. But instead of issuing shares or bonds, the company sells tokens created using Blockchain technology to raise funds for a new project by distributing a percentage of their tokens in the cryptocurrency market. Continue reading →
In 2009, Kristoffer Koch, a Norwegian student was working on his encryption thesis and heard about a mysterious cryprocurrency called ‘Bitcoin‘, he decided to buy $27 worth of bitcoins (5,000 bitcoins) for fun, and then he forgot about them.
On April 2013, the value of Bitcoin skyrocketed and received a widespread media coverage, and Kristoffer remembered that he invested in Bitcoin in the past,“I thought to myself, didn’t I have something like that?” Koch told to NRK. Continue reading →
Founder of BitInstant and Vice President of The Bitcoin Foundation, Charlie Shrem was one of the first Bitcoin entrepreneurs, he was a Bitcoin pioneer as one of the integral players in the decentralization of finance and it paid off big time, until he allowed a customer to resell Bitcoin on Silk Road, the infamous deep web black market. Continue reading →
NBA Legend Dennis Rodman a.k.a “The Worm” travelled this week for his fifth time to North Korea. But this time, the trip was funded and sponsored by Potcoin, a community-based cryptocurrency for legalized marijuana and cannabis industry, it was created to eliminate the necessity of cash between customers and marijuana dispensaries. Continue reading →
Marco Streng is the 27-year-old CEO of the largest Bitcoin mining company in the world, Genesis Mining. Trained as a mathematician, he dropped out of university to pursue his business idea. Continue reading →