Telegram on Track to Pocket Over $2 Billion From ICO Rounds, Despite SEC Prying Into the Funding Method

Despite only running for four months, global messaging giant Telegram’s initial coin offering (ICO) is already on track to bring in one billion dollars — long before the product the company is raising money for is even built. Funding from the initial round of investors has already made the company’s launch the biggest ever. Telegram’s goal is to make it to over $2 billion total, a figure that will dwarf the previously largest launch which was conducted by Tezos and raised $232 million.

This move comes as financial authorities around the world have been cracking down on some ICOs, which seemed to rise out of nowhere last year as a novel way for start-ups to raise millions and millions of dollars in short periods of time. Since the start of the year, the U.S. Securities and Exchange Commission (SEC) has been issuing subpoenas, demanding information about coin offerings that may have violated the law — the problem is that how to apply existing laws still remains largely unclear. Despite this, companies like Telegram are still proceeding with their offerings.

Telegram’s ICO

The company has taken in $850 million over the past two months from some of the biggest venture capital firms in Silicon Valley, and it is now aiming to raise another $850 million over the next few. Further, a third $850 million round is in the works after that, according to the company’s white paper.

As per the white paper, Telegram plans to use its newly raised funds to create both a new kind of global computing network and a digital currency, the Telegram Open Network (TON), combining the attributes of existing virtual currencies like Bitcoin and Ethereum.


Some of Silicon Valley’s biggest venture firms have signed up to invest in the project, including Benchmark, Sequoia, and Kleiner Perkins, according to two people briefed on the private deal who asked to remain anonymous. That said, a lot of the venture capitalists that have invested other ICOs in the crypto-space have so far shied away: companies like Union Square Ventures, Andreessen Horowitz, Greylock, and Polychain Capital (according to the New York Times).

Arguably the main reason the ICO is attracting skepticism is that there is not even a prototype for the project — just the white paper, which outlines what Telegram intends the project to look like in the future. The company’s team has promised to release the software late this year or early next year.

“I cannot, in 132 pages, gain the slightest intuition as to how to go about proving that the hard problems it needs to solve will be solved,” Charles Noyes, an analyst at Pantera Capital wrote about the Telegram project.

On the other hand, supporters of the Telegram ICO and project have said that the company has a team of developers that have already proven themselves by building two incredibly popular tech products, VKontakte and Telegram.


The Telegram app has been popular in countries with authoritarian regimes because it guarantees that all messages are encrypted and protected from government snooping. It’s this pro-privacy stance that has made it popular with many in the cryptosphere.

The company plans on using capital from its ICO to build a platform that rivals Ethereum. The Telegram Open Network (TON) is scheduled to be an ecosystem that supports apps, services, and a store — for both physical and digital goods. It aims to become an equivalent to the popular payment systems that other global messaging programs like WeChat have built.

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Online sports betting has been growing in popularity over the past few years and is now the leading form of online gambling in the world. An interesting niche within the world of online sports betting has also been growing and, while not yet quite as popular, is set to explode in 2018!

Betting on E-Sports at Crypto Casinos

If you are looking to get in on some hot ESports betting action at one of the emerging or established online crypto casinos you may find the pickings slim, to say the least. This is because no crypto-based online casinos currently offer any sort of E-Sports betting, with one exception. Zeroedge online casino, a cryptocurrency-based online casino with its own unique cryptocurrency (ZeroCoin) is offering exclusive E-Sports betting opportunities, which no other crypto casino is able to do as yet. Even better, Zeroedge is offering an unheard of and unprecedented 0% commission for all their games!

So, What Exactly is Zeroedge?

Essentially, Zeroedge is the world’s first online casino that offers two unique advantages to the general online gambling public. Firstly, Zeroedge runs exclusively on cryptocurrency (like Bitcoin for example) although, in this case, that cryptocurrency is Zeroedge Casinos own unique cryptocurrency called ZeroCoin.

The second advantage, and by far the most significant, is the fact that Zeroedge, much like its name suggests, will be offering a true 0% house edge to its players. This essentially means that, unlike conventional online casinos, where they can enjoy a house edge (advantage the house has over the player) of as much as 10% in certain casino games, and 1% or higher in others.

The old saying that the house always wins really does apply to conventional online casinos, as they have stacked the odds in their favour, meaning that you will never ever really win your games (not for long anyway). Since Zeroedge does not make any profit from the losses incurred by players, but rather through the increased value of ZeroCoin which is the main economy driver on the Zero Edge Casino’s network.

Zero Edge
How does Zero Edge revolutionary model work? offers 0% edge Casino games. World first 0% edge games attract demand for Zerocoin, because of this, its value rises. Players can play 0% games while Zerocoin price rises. Simply put, the ultimate solution to the problem is creating a platform where playing games is “free”. Players are not required to pay any fixed amount of money to be able to play at the casino. This can only be achieved by creating a closed loop economy with its own token where players purchase the token with fiat or crypto. Since the supply of ZERO is limited, its value is directly proportional to demand.

Blockchain & Smart contract technology allows to create a fully transparent and truly fair gambling environment where players have more opportunities to participate, can completely trust the platform, and have a real chance of winning while at the same time being a part of a bigger community which fosters social inclusion and mutual values.

Pre-ICO is Live with 79% discount & low hard cap – 1500 eth!

Zero Edge is introducing its own unique cryptocurrency known as Zerocoin, the only way that gamblers will be able to participate in true 0% house edge online casino games through the Zero Edge online casino network. The value of Zerocoin is set to rise rapidly, as more and more people flock to Zero Edge to enjoy true 0% house edge games.

This is also the perfect opportunity to learn about the pre-ICO or Initial Coin Offering which is set to start on the 28th of February 2018, closing out on the 15th of March 2018. During the Zerocoin pre-ICO, Zero Edge is presenting a no soft cap, while the hard cap is initially set at 1500 ETH.

Join the token sale at –

An ICO for a company called Miroskii has been outed for listing Ryan Gosling as part of their team. The Chinese coin offering gives investors the chance to “join the Crypto Revolution” but there are several red flags over its legitimacy. The chief of these, of course, is their decision to include a stock photo of a Hollywood actor on their website.

Miroskii Appears to be the Latest in a Growing List of ICO Scams

On the Miroskii website, under the section listing the project’s team members, there is a headshot of Ryan Gosling, the star of The Notebook, Drive, and La La Land. The name accompanying the photo is “Kevin Belanger”. He is listed as an “experienced graphic designer with a clear focus on identities and illustration” for the company.

Eagle-eyed Twitter user @CryptoShillNye pointed out the uncanny resemblance of the Miroskii artist and the A-list celebrity:

Miroskii has presented themselves as a crypto coin aimed at revolutionising the financial industry. They claim on their website to have developed “highly secure encrypted decentralized blockchain technology.” Amongst the sea of buzzwords, it is stated that they have united experts from several countries where cryptocurrency is incredibly popular: China, Hongkong, Singapore, and Japan.

As mentioned, there are several other causes for concern over the legitimacy of the Miroskii ICO. CNet highlighted that many of the other members of the team appear to be fraudulent too. Perry Henderson, a supposed CEO of various online companies, turns out to be a Texas estate agent, Joel Hermann, the founder of Mysterium Network, is, in reality, a lawyer from New York, and Craig Gulledge is actually Peter Roper a business consultant from the firm The Family Business Man. Further examples of the fake Miroskii team have been provided by Claus Wahlers.

Miroskii also claims to have raised over $830,000 from private investors. This is despite them only having a combined total of seven followers on prominent social media platforms such as Facebook, Twitter, and Instagram.

Whilst the Miroskii case appears to be the most blatant (and amusing) example of a fraudulent ICO, it highlights just how simple it is to create such a sale and dupe gullible investors into parting with their cash. However, most scam ICOs are much less easy to spot than the Miroskii effort. Such a proliferation of fraudulent companies associated with the revolutionary funding method has led to calls for greater regulation to protect investors in the space.

Unibright is the world’s first blockchain based project of its kind that gives anyone the ability to craft powerful Blockchain solutions and Dapps with no coding skills or expensive developers. Users on the platform can define business integration workflows visually, without writing any codes.

Based on proven templates for different use cases, Unibright empowers process specialist without technical knowledge of a specific blockchain to define blockchain related business workflows visually.

The Background

The Blockchain as a concept has clear advantages in some areas of business integration. To benefit from the blockchain, a concept is required that allows the integration of specific blockchain technologies into existing IT- and business integration landscapes, which leads to the Unibright concept. The central part of the Unibright ecosystem is the Unibright Contract Interface (UCI), which defines the main structure, state variables, mappings and methods which every generated Smart Contract automatically implements, thus marking a smart contract Unibright conformant. It is the irremovable guarantee of recognizing smart contracts as part of the Unibright ecosystem, ensuring that Unibright conformant smart contracts can be found, called, maintained and connected.

Blockchain Integration & Use Cases Based On Unibright’s Framework

Unibright lets process specialists define blockchain based business workflows visually and for that, they are not required to have a technical knowledge of a specific blockchain.   These workflows enable Unibright tools to automatically create:

  • smart contracts for various blockchains
  • smart adapters to connect to different blockchains and off-chain IT-/ERP- systems
  • smart query sets to monitor the ongoing business process

Let’s consider some use cases.

  1. Lifecycle of an airplane on a blockchain – A Business Process

Several parties have to access information on an asset gathered over years and has to be safe from manipulation. All events in the lifecycle of the airplane like owner change, planned and unplanned inspections, numbers of flights and covered distance should be saved and trackable.


A smart contract on a public blockchain is the perfect way to gather and store information over a long period of time, and guarantee availability, immutability, and independence from any intermediary.

The involved companies can all rely on the technical interfaces provided with the “Asset Lifecycle” Template. The integration into individual systems of each party can be established by defining suitable workflows based on the template by using the Unibright Workflow Designer. The Unibright conformant smart contracts can be published into a public blockchain by the Unibright Contract Lifecycle Manager and are connected to individual IT systems by the Unibright Connector. The current state of the process can be monitored any time with the Unibright Explorer and can be presented to the public.

  1. Approval Processes using Blockchain Technology

A product manager for a casual wear company is responsible to develop a design process of a new hoodie, and coordinate all departments and their respective approval on the ongoing design process. She checks the current approval state in the company’s ERP system and sees that Tom from the Marketing department just gave his final ok on the marketing materials. She sees that the next approval should come from buying department submitting the prime costs.

Anna from the buying department has to keep track of all offers of the different suppliers who would be able to produce the new hoodie. She has to get back to the other departments for detailed questions and only communicate by phone or email, as the suppliers are not integrated into the process due to security reasons.

The existing approval process works fine, except the supplier part. Anna has to do all the approval work manually, which is time consuming and error-prone. The blockchain can act as a state-machine: secure, reliable and deterministic. The current state of the approval process can be accumulated in a central smart contract which holds the control flow and implicitly decides on the final approval state.

Unibright’s “Multi-Party-Approval” Template offers a use case related predefined integration workflow for approval processes which can be customized. Steve from the IT department set up a private blockchain between all suppliers and the company. He designed the integration process visually with the Unibright Workflow Designer. The Unibright Contract Lifecycle Manager generated the needed Smart Contracts. The Unibright Connector integrates the existing ERP by automatically generated Smart Adapters.

  1. Batch tracing using blockchain

The purpose of a batch tracing implementation is first and foremost to guarantee safety and reliability in the food supply chain. The idea is to keep track of all ingredients of a product (e.g. beer, soda) and to be able to track the usage of every ingredient through the complete process of production and delivery to the customer or store.

By using a blockchain to keep track and trace where the food comes from, a secure and trustworthy data storage for all data involved is created, which can even be presented to the end consumer.  By using the Unibright framework, it gets easy for business process specialists to make use of blockchain potential. The “Batch Tracing” Template defines a basic integration workflow which can be customized visually. All needed Smart Contracts for a specific blockchain are then generated automatically.

This is how, using the Unibright framework and the templates it offers, the whole lifecycle of defining, publishing, maintaining and monitoring a business process is supported.

About Token sale

The ICO will start from April 10th, 2018, and will last for at most 4 weeks, ending on May 10th, 2018 or ending instantly when all tokens are sold. The token sale will be managed by Ambisafe Financial, a leading global blockchain services and initial coin offering solutions provider company.

To know more about the platform, its features and participate in its upcoming in its upcoming token sale, please visit

Two Indian cryptocurrency exchanges have halted trading amongst fears of a crackdown. Although the Indian government has expressed keen interest in blockchain-based technologies, cryptocurrencies are not regulated in the country. And while it hasn’t yet introduced restrictions on the coins, the threat of doing so has been enough to spook some in the industry.

In an email to its customers, BTCXIndia, which bought and sold Ripple, stated that it would not be accepting new deposits. BTCXIndia, which bought and sold Ethereum, advised its customers to withdraw their funds on or before March 4th. So far, they are the only Indian trading platforms to have closed down. Others, like Zebpay, Unocoin, and Coinsecure, are still doing business.

Kamesh Mupparaju, the founder and CEO of the exchanges, said they ceased operations because of threatening language. “If there is a sudden [order] to withdraw the funds, that would mean trouble for the customers,” Muppajaru told CNN.

“As we heard in the budget speech, the Indian government is discouraging crypto currency trading. This has been clear also by government actions in the last year, and has put our business under a lot of stress and putting us in a position where we don’t feel that we can continue our business in a professional manner any longer.”

Officials in the country have repeatedly warned citizens not to trade in digital currencies. The finance ministry compared them to “Ponzi schemes” in late December, and Finance Minister Arun Jaitley said in February that the government would eliminate their use “in financing illegitimate activities or as part of the payment system.” India’s central bank has also warned that those who invest in cryptocurrencies do so “at their own risk.”

Changing Direction

The exchanges are not dropping off completely. In the email from BTCXIndia, the company informed users that it’s simply shifting gears, moving away from cryptocurrencies and more towards advising corporate clients adopting blockchain-based technologies:

“We are launching full-fledged blockchain labs on March 09, 2018 for Blockchain based application development and consultancy. We hope that this work will help the government seeing the huge benefits that India can derive from blockchain technologies, and eventually promote progressive and clear regulation also for the public blockchain space.”

Mupparaju founded BTCXIndia as a Bitcoin exchange in 2014, but switched to Ripple in March of last year after bitcoin’s epic price surge made it too expensive for most of his customers. He launched ETHEXIndia a year before, in March 2016.

Even though the technology has been discussed in tech circles and amongst insiders for years, it is only recently that cryptocurrencies have started making their way into the mainstream. As values of currencies begin to rise, it is hard for investors to keep their eyes off these new digital assets.

With Bitcoin’s meteoric jump in value over the past couple of years resulting in a price of over $14,000 a token at the end of 2017, a variety of new cryptocurrencies have begun to appear in the market to challenge and compete with the success of the original Blockchain based transaction system. The problem many investors find with Bitcoin and other altcoins is that they struggle to maintain a consistent value and are almost completely unpredictable as their value relies solely on the supply and demand of tokens.

The solution to this volatility, in the minds of many crypto enthusiasts, lies in Stablecoins. These alternatives to traditional crypto assets attempt to offer their users a guarantee that the currency will remain stable by either implementing complex economic models to help guide the markets or backing their newly launched crypto assets with real-world assets like precious metals or fiat currency. While the idea is a noble one, recent examples of Stablecoin launches have not been very convincing for investors.

Tether, a recently launched, USD backed Stablecoin, reached a market capitalization of over $2.21 billion. However, investors and markets still remain skeptical of the currency as the Tether platform lacks transparency that would offer investors important information on the status of their assets.

This is where Stanford-StartX and Founders Fund-backed startup TrustToken is looking to step in. The company has an ambitious plan to replace clunky Stablecoins with a streamlined experience that offers unmatched transparency and security.

One aspect of TrustToken’s TrueUSD token that is unique is that it is 100% collateralized by real US dollars at all times, offering users of the currency unprecedented stability. Through a network of fiduciary and banking partners, the funds are stored by multiple third parties that are already trusted to hold funds. The startup never touches the funds. This way, TrueUSD presents a unique model that overcomes the problems of centralized fund management faced by Tether and other potential attempts to create a collateralized USD-backed cryptocurrency.

In order to offer its users confidence in the value of the funds, TrueUSD has implemented a system of monthly, transparent audits of the multiple bank accounts used to store TrueUSD funds. These audits allow investors to scrutinize the TrueUSD tokens in the same way they would evaluate any other asset, a level of analysis that users of other Stablecoins are not able to access.

In addition to its deep financial backing and commitment to transparency, TrustToken has also teamed up with Cooley and WilmerHale to develop a proprietary, trust-based legal structure for the assets.

Within this suite of tools, TrueUSD has given its token holders enforceable legal rights over their assets, a claim that no other Stablecoin can currently match. The company has also teamed up with a network of compliance partners to ensure that the market functions in a proper manner and ‘gaming’ the TrueUSD tokens isn’t possible.

The company has also looked towards crypto-focused funds and investors, marketing the coin as a stable alternative to current cryptocurrencies that allows investors to hedge their bets in more volatile currencies without having to leave the crypto market. By lowering the exposure of these investors and funds, TrustToken is aiming to build confidence in the crypto marketplace, proving that it can function in a stable manner like any other industry.

The TrueUSD coin also has benefits for the mainstream consumer. Every day, people can now enjoy the transactions speeds, security and privacy guarantees of cryptocurrency without having to sacrifice the stability of fiat currency.

As more and more cryptocurrencies enter the market, it will be important to focus on which companies are offering tokens that are both stable and trustworthy. TrustToken, a brand-new startup with engineers from Stanford, Google, and Palantir, has developed the world’s first trustworthy, USD backed Stablecoin that offers immense amounts of support for investors and everyday people alike.

Several things have come together in a perfect storm to create the most recent crypto-crime trend: the ability to surreptitiously install illicit Monero miners on unsuspecting computers around the world. Windows servers, laptops, Android devices, and IoT connected devices are all at risk.

The worst part? Targets often are unaware that they’ve been hacked — unless they’re able to recognize an occasional performance slowdown or can closely monitor their electric use. No ransoms, no stolen passwords or personal information; victims may even find it difficult to convince anyone there’s a problem.

Perfect Storm

  1. In 2017 a hacker group released a National Security Agency-created hack called EternalBlue, which made it easy to crack into computers running Microsoft Windows.
  2. Cryptomining itself: the fact that blockchain-based systems utilize miners, who automatically receive a cryptocurrency payment/reward for their contribution in whatever coin they choose to process.
  3. Cryptocurrency users looking for more anonymity than offered with Bitcoin developed Monero, an altcoin better able to hide the tracks of criminal transactions.

Under the Radar

Cryptomining is both profitable and easy (enough) to mount. As a result, it is rapidly replacing ransomware as the crypto-related cybercrime of choice, especially as cybersecurity vendors are bringing ransomware protection to market. The combination of the above technologies has created what is essentially a perfect storm, threatening to wreak havoc on computer systems.

“What we’re looking at from a near and potentially long-term perspective is the value of a computer that has just a regular old CPU might be more just leaving it quietly running some cryptocurrency miner rather than infecting it with ransomware or some other software that might steal data,” explains Ryan Olson, Intelligence Director at Palo Alto Networks.

“In this new business model, attackers are no longer penalizing victims for opening an attachment or running a malicious script by taking systems hostage and demanding a ransom,” explain the Talos team. “Now attackers are actively leveraging the resources of infected systems for cryptocurrency mining.”


A large number of compromised devices working together is known as a botnet. Botnets are a common component of a hacker’s toolbox, as they can mount distributed denial of service attacks and various other attacks that require massive amounts of coordinated transaction processing.

In the case of illicit cryptomining, however, each node works independently of the others. Cyber-criminals simply need to install many separate (but connected) miners because each miner only generates a relatively small amount of cryptocurrency.

Case in point: Smominru. Smominru leverages the EternalBlue exploit from the NSA, targeting Windows. The attacker typically mounts a phishing attack with a Microsoft Word file attachment. Once the target downloads the file, it runs a Word macro that executes a Visual Basic script that in turn runs a Microsoft PowerShell script that downloads and installs the miner executable.


One of the main cryptocurrencies that makes this whole process work is the newly-developed anonymous cryptocurrency Monero. “Bitcoin alternatives like Monero and Ethereum continue their overall upward trend in value,” explains Sandiford Oliver, Cybersecurity Researcher for Proofpoint, “Putting them squarely in the crosshairs of threat actors looking for quick profits and anonymous transactions.”

While other cryptocurrencies do have their own roles, Monero is shaping up to be the favorite. “This Monero mining botnet is extremely large, made up mostly of Microsoft Windows servers spread around the globe,” says Kevin Epstein, Vice President of Proofpoint’s Threat Operations Center.

Bank of England Governor and consistent critic of cryptocurrency Mark Carney once again called for regulatory oversight of the market in a speech at Bloomberg’s European headquarters in London on Friday.

Carney Calls for More Regulation

Carney who is also head of the Financial Stability Board added his voice to the chorus of those calling for more regulation of Bitcoin and the overall alternative currency market.

Carney cited the extreme volatility of the crypto market and once again referred to the use of bitcoin to buy drugs and other contraband. While in the same speech saying that young investors don’t remember the pain of the 2008 market crash.

The accusation that Bitcoin is or has been used to buy drugs and other contraband has been addressed and dismissed as part of the function of every currency already.

The referencing of the 2008 housing market crash as a reason for more regulation of the crypto market, on the other hand, is the height of hypocrisy.

The 2008 crash was brought on by institutions trading in supposedly regulated commodities. A crash that saw governments bailing out banks and firms that created it but spawned little new regulatory measures and saw almost no prosecution.

Carney told the audience that outlawing or isolating the new forms of currency as China has is not the answer.

“A better path would be to regulate elements of the crypto-asset ecosystem to combat illicit activities, promote market integrity, and protect the safety and soundness of the financial system. Being part of the financial system brings enormous privileges but with them great responsibilities.” He said. 

He then went on to endorse the U.S. SEC’s steps to regulate the way cryptocurrency are issued and traded in order to reduce the amount of fraud. To hold cryptocurrency exchanges to the same standards as the institutions that trade securities.

Those would be the same institutions that perpetrated the events leading up to the 2008 financial meltdown by selling fraudulent loans just down wall street from the SEC.

Perhaps Mr. Carney doesn’t remember that Bernie Madoff who ran the biggest Ponzi scheme in history, to the tune of 50 Billion dollars, once sat on the Securities Industry and Financial Markets Association. A regulatory association founded to curb fraudulent practices.

Moving Towards the Future

Carney talked about the future use of the technology behind Bitcoin as it will eventually be used by banking systems. Noting that if centralized banks issued digital currency it may lead to the destabilization of the quality of currency but that the Bank of England remains open to its possibilities.

“For many reasons, the crypto-assets in your digital wallets are unlikely to be the future of money …But that is not meant to dismiss them. Their core technology is already having an impact. Bringing crypto-assets into the regulatory tent could potentially catalyze innovations to serve the public better.” Said Mark Carney

Promoting blockchain technology while dismissing cryptocurrency is becoming a common argument among those against the core principles of decentralized currency. Which sounds a lot like once established banks adapt blockchain to handle centralized currency everything will be fine.

NFL Star cornerback and infamous trash talker Richard Sherman went on Business Insider to put crypto-haters in their place. “Have you lost money in stocks … in real estate?” He challenges the camera before adding “You will make money in Bitcoin, and other cryptocurrency. So invest, intelligently please.”

Talk of investing in Cryptocurrency is everywhere but how do you invest intelligently? Is it the biggest scam ever perpetrated or the easiest get rich quick scheme imaginable?

Invest Intelligently

The truth is it’s a currency market that works, at least as far as the investor goes, much like the stock market. There are ways to invest longterm for slow gains as well as day trading to make fast money on speculation.

“At the end of the day, cryptoassets are just like every other asset. You need to have a firm investment thesis, and you should reevaluate it as more information becomes available.” Emin Gün Sirer  Prof. Cornell University

Just like any investment, in buying and selling cryptocurrency the best infromed are most likely to succeed. The following are some basic steps to get started.

Once you have an understanding of the way the crypto market works the first step is setting up an account with an exchange. Make sure the exchange lists the preferred coin(s). Also, check the exchanges fee structure and make sure you can move your investment in and out of the exchange safe and easy.

There are now countless alternatives to Bitcoin on the worldwide market. For the first time buyer choosing either Bitcoin or one of the other large cap coins like litecoin, ethereum, Ripple or Bitcoin cash is an easy and relatively safe way to get into the system.

Price is important but it’s not the only factor when deciding when to buy. Knowing the valuation, available coin supply, what technology uses the coin meets and what is the targeted market are all important factors to success.

Like any investment, the old adage of buy low – sell high works the same in the cryptomarket.

If investing in one of the major coins this strategy probably doesn’t matter so much as the price will follow the market trend.

With lesser known, low valued coins be wary of pump and dumps.

which is when a coin is being artificially inflated by someone (or some group) in the position to create an artificial value in order to dump their holdings at a large profit at the expense of followers.

Know Why to Buy

There are a few important factors that will generally determine whether a coin will succeed once it is launched.

  • What market or technology is the coin going to service or advance?
  • Does the technology behind the coin make sense?
  • Who is behind the coin? Check out the team that created the tech and strategy of the coin, make sure the claims they make are realistic.

There is a lot of news about hackers stealing coins in the news. This happens when investors leave their coins on the exchange after purchase.

An offline wallet with 2-factor authentication, like google authenticator, is a must to keep assets safe.

There is another old adage associated when investing; beware of need, greed, and speed. Do the reading, get at least a basic understanding of the market and technology. Invest only amounts that can be comfortably lost.

Roger Ver is quite an intriguing and somewhat controversial figure in the cryptocurrency world. As a notorious early Bitcoin investor, he has also kept close tabs on other currencies. During a recent interview, Roger mentioned how Ethereum will eventually overtake Bitcoin. A remarkable thought, even though Bitcoin is not without flaws by any means.

Roger Ver Sees Little Future for Bitcoin

In the world of cryptocurrency, virtually everyone knows the name Roger Ver. He is one of the earliest Bitcoin investors and made a lot of good money doing so. He is also a  very strong [financial] supporter of the Bitcoin Cash venture. This Bitcoin hard fork has made quite the impact on the overall cryptocurrency market in recent months. Diversification is key in the world of cryptocurrency, as there is a lot more to check out than just Bitcoin.

Unsurprisingly, Roger Ver is not too convinced Bitcoin will remain the “top dog” for much longer. In a recent interview, he mentions how Ethereum will overtake Bitcoin in the near future. Given the recent price surge of Ether, Ethereum’s native token, it is evident things will only get better from here on out. A lot of innovation is coming to Ethereum, as are some much-needed network improvements.

According to Roger Ver, Ether is well underway to surpass Bitcoin. All it takes is doubling in price one more time to effectively reach this goal. That is, assuming the Bitcoin price doesn’t increase further. Rest assured BTC is not done just yet in this regard either. An interesting battle has been going on between both of these currencies. Market cap is just one of the metrics people need to pay attention to when it comes to these cryptocurrencies, though.

The Future of Ethereum

More specifically, Ether has surpassed Bitcoin in a few other key metrics. It is cheaper to use most of the time, and a lot faster in terms of confirmations. Ethereum’s throughput has also surpassed that of Bitcoin on multiple occasions in the past. All of this may change with improved SegWit adoption and the Lightning network launch in a few months. Until that happens, it seems Ether will remain in the lead regarding the metrics that actually matter.

Roger Ver is also impressed with Ethereum’s developers, by the look of things. In his opinion, Bitcoin no longer holds the top spot in a lot of regards. Once people start to realize that is exactly the case, things will get very interesting across all markets. Especially Ethereum’s switch to proof-of–stake will be pretty significant for the network as a whole. When Ethereum will overtake Bitcoin, remains to be determined, though.

All of this paints an interesting outlook for both Bitcoin and Ethereum. Assuming Roger Ver is correct in his assessment, we will either see a major Ethereum price increase of a big Bitcoin price dip. Right now, the latter seems almost impossible, as the Bitcoin price has been moving up as of late. Ethereum, on the other hand, has been stuck in sideways momentum for several weeks now. It will be interesting to see how things unfold in this regard. Anything is possible in the cryptocurrency world.