By 
ICOs have become a raging trend in the crypto world. The year of 2017 was considered to be the year of ICOs; a stupendous number of them popped up seemingly out of thin air.
Although the ICO-craze isn’t as prevalent, numerous developments are taking place in this crypto sector each day. Some of them are so momentous that they’re definitely worth keeping a tab on!
Here are some recent trends in 2019.
First SEC-Approved Token in US Raises $23 Million
Blockstack PBC, which is a decentralized computing network, announced that it managed to raise $23 Million in the very first U.S Securities and Exchange Commission (SEC) approved token offering.
Muneeb Ali – CEO of Blockstack PBC wrote that the ambitious crypto startup had raised more than $23 million in token offerings, which included SEC-approved token offerings.
The investors included big names like Lux Capital, Spartan Group, Frontier Ventures, etc.
John McAfee Facing $100 Million Lawsuit For A ‘Zombie Apocalypse’
A Chinese Crypto Project is threatening to sue John McAfee for ‘allowing a zombie apocalypse’. South China Zombie Research Center (SCZRC) claimed that McAfee was offered $4.5 Million to promote the ILO (Initial License Offering) of Zombie Coin, however, he showcased the project in a derogatory manner in the project’s whitepaper.
The influencer, who is a U.S. 2020 Presidential Candidate, was offered the money to write Zombie Coin’s whitepaper and promote it. McAfee said that it was “the most absurd concept in the history of crypto” and something which can only be conceived by a “mentally deficient four-year old”.
According to SCZRC, the concept aims to teach zombies how to use cryptocurrencies, a concept that was thoroughly mocked by McAfee in a string of satirical tweets.
In Spite Of Raising $153 Million, Bancor Prices Are At Their Lowest
The prices of Bancor, a prominent cryptocurrency, are at their lowest with the value of a single BNT being $0.41. This is a surprising development as Bancor was a relatively successful ICO in the past, having raised over $153 Million and generating a strong user base as well.
The price of a single BNT was $4.49 in July 2017. Also, BNT has managed to regularly attract 150-250 traders per week for a while.
Owing to the market relevance of BNT, some experts are still certain about Bancor’s success and just view this as a gloomy phase amidst an otherwise bright future for the company.
For the latest market news, analytics, and trends on ICOs, do register at Marketscap.com. It lets you trade over 800+ cryptocurrencies, offers you the best professional-grade tools, and gives you access to leading exchanges like Bitfinex and Bittrex.
Comments