ICO Daily (27 Dec): Death of ICO and Other Predictions

“Cryptocurrency” became a major buzzword in 2017. Suddenly, all eyes were on these new assets with speculators jumping into the market in droves and regulators heavily scrutinizing them. In fact, in early December, the combined market capitalization of all digital currencies surpassed that of JPMorgan, the biggest U.S. bank. Initial coin offerings (ICOs) similarly exploded, raising hundreds of millions of dollars around the world in a matter of months. Read more in today’s blog post.

 

ICO Daily (21 Dec): “Not a Credible Currency”: Japan’s Finance Minister

In a statement Tuesday, Japanese Finance Minister Taro Aso claimed that the leading cryptocurrency Bitcoin has yet to prove itself as a “credible currency”. He also added that virtual currencies in general are not widely used in Japan. His statement was in response to questions about his position on French Finance Minister Bruno Le Maire’s recent statement that he wants Bitcoin and its regulation to be a topic of discussion at the 2018 G20 summit. Read more in today’s blog post.