Hacked: Hacking Finance

Hacked: Hacking Finance


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Analysis

ICO Analysis: Kyber.Network

Posted on July 23rd, 2017.

Kyber Network wants to enable Ethereum addresses to receive payments from any kind of blockchain. That’s the top deck view of what they intend to do, and perhaps their best offering. Although they appear to believe that the exchange nature of their platform is what is important – and that definitely adds value to their offering, as well....

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Cryptocurrencies

What Ethereum Investors Should Takeaway From Recent ICO Hacks

Posted on July 22nd, 2017.

Investors in initial coin offerings (ICOs) should take necessary precautions when sending Ether, the native token of Ethereum, to ICOs due to potential hacking attacks and security breaches. Coindash Hack, $7 Million in Losses Recently, Coindash, a Blockchain-based trading platform, which was set to raise $12 million in its ICO, had over...

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Analysis

ICO Analysis: Power Ledger

Posted on July 15th, 2017.

Renewable energies are all the rage, for good reason. It is not hard to imagine dozens of companies, globally, prospering exponentially into the future as they deliver cost-effective platforms which enable people to buy and sell their power without going through the traditional power grid. There is an inconvenient truth facing the...

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ICO

ICO Analysis: Agrello Self-Aware Contracts

Posted on July 14th, 2017.

Agrello wants users to create their own legally-binding contracts with the power of smart contracts. Further, the company wants to enable users to design such agreements “without coding or legal skills to form legally-binding agreements on the blockchain”.  Agrello’s graphical interface is designed to allow users to assemble contracts...

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ICO

ICO Analysis: Mothership

Posted on July 13th, 2017.

In the age of technology, financially depressed or neglected regions of the world have renewed opportunities to attract business and distinguish themselves from other jurisdictions. Over the past few years, Estonia has raced to the head of the pack in terms of moves made in this direction. The e-residency program allows people from...

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ICO

ICO Analysis: InsureX

Posted on July 11th, 2017.

There are worse things in life than death. Have you ever spent an evening with an insurance salesman? – Woody Allen The great American healthcare debate has put health and other forms of insurance in the spotlight for going on a decade now. While many western democracies have socialized forms of health insurance, America’s are paltry by...

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ICO

ICO Analysis: Everex Capital Transfer System

Posted on July 11th, 2017.

Everex, whose token sale kicks off July 24th, is going back to an early digital asset use-case for its distributed endeavors. Blockchains have become known for quick transaction resolution times. For instance, Ethereum has offered transactions in under one minute. A new token sale looks to tap into this potential. The Everex capital...

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ICO

BREAKING ICO Analysis: Eros.vision – [SCAM?]

Posted on July 10th, 2017.

Ever wanted to be charged with conspiracy to commit prostitution, sex trafficking, pimping, and any of the other many law violations that apply nearly everywhere in the United States to the sex trade? Eros seems (more later) to present that opportunity, full stop. It really should be the end of this article, but we have to step back and...

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Energy

ICO Analysis: MyBit

Posted on July 9th, 2017.

As we previously noted in our analysis of Suncontract, the demand for electricity is expanding exponentially. From electric smart cars to artificial intelligence, everything is going to need more electricity. MyBit notes in their whitepaper that Elon Musk, a man who knows a fair bit about electricity, says that there will be 20-30...

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ICO

ICO Analysis: Starbase

Posted on July 8th, 2017.

We recently reviewed FundYourselfNow, which is a crowdsale platform. Now comes Starbase, a similar play but for the purpose of pooling, matching, and finding talent for various jobs. Starbase is both an open and closed source project. Starbase.Inc will do technical consulting by providing a crowdfunding/sourcing platform which enables...

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Energy

ICO Analysis: Suncontract

Posted on July 7th, 2017.

Suncontract is a concept whose time is quickly approaching – a peer-to-peer marketplace for renewable energy. The push to renewable energy is global. According to Bloomberg, over 70% of the more than $10 trillion projected to be injected into new energy sources will go to clean energy by 2040. Analog energy sources will become less and...

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Analysis

ICO Analysis: EOS

Posted on July 5th, 2017.

EOS.IO software by block.one wants to “Decentralize Everything”. Mr. Larimer has already put two notable blockchain systems live: BitShares and Steem. Both of these systems remain online and recently benefited from increased interest in the crypto-asset space in general. To this date, EOS has raised $200 million in revenue from token...

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ICO

ICO Analysis: Dent

Posted on July 4th, 2017.

Dent intends to launch their token sale on the 12th of July, and that is when their whitepaper will be “finalized.” Nevertheless, we reviewed based on what we saw at hand at the time. It’s the only way forward. Dent’s mission is to “liberate mobile data.” They want users to “own” data. This is their goal, and they intend to achieve it...

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ICO

ICO Analysis: FundYourselfNow (FYN)

Posted on July 3rd, 2017.

Money is a useless idea unless it is helping people. That you have more representation of value than another person is meaningless unless that person has some need your value can fill. The lender and borrower relationship, one can imagine, is precisely the situation which the earliest forms of money were invented for – how else to keep...

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ICO

ICO Analysis: DAO.Casino

Posted on July 2nd, 2017.

One of the nice features about the Ethereum project is that there are known, notable quantities operating it. One of the problems with online gambling is that often enough the operators are completely unknown to their patrons, giving them ample, and frequent, opportunity to exit the industry with all the funds they’ve had people deposit....

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ICO

ICO Analysis: Giga Watt

Posted on June 30th, 2017.

The Giga Watt token crowdsale provides access to the crypto-mining operation founded by former Microsoft engineer Dave Carlson, who worked on digital assets with the multinational technology firm before the invention of Bitcoin. Giga Watt’s fundraising goal is $11.8 million. “Giga Watt provides turnkey mining services and custom...

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ICO

ICO Analysis: DCORP

Posted on June 29th, 2017.

A decentralized corporation, as opposed to a traditional corporation, allows anyone to participate without any form of discrimination. DCORP aims to prove that decentralization and crowdfunding can align with some traditional business interests, and that a company can thereby be formed in such a manner that power and control are...

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ICO

ICO Analysis: True Flip

Posted on June 28th, 2017.

A casino, lottery, or other type of cryptocurrency gambling that is going to operate appropriately is often a good investment. It’s one of the first ways that people made millions in Bitcoin, was through gambling sites, dice and the like. Today we investigate TrueFlip, an “already-running lottery.” Again, lotteries, gambling, dice, all...

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ICO

ICO Analysis: Kik’s New Token Kin

Posted on June 27th, 2017.

To date, we’ve raised $120.5M from Foundation Capital, RRE Ventures, Spark Capital, SV Angel, Tencent (maker of WeChat), Union Square Ventures, and Valiant Capital Partners. Translation: We have acquired and mostly burnt off about an eighth of a billion dollars. We do not currently have a relevant revenue model, and our prospects...

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ICO

Rating Retraction/SCAM Warning: iDice

Posted on June 26th, 2017.

Dear Reader, We recently covered iDice, an apparent Ethereum 2.0 gambling platform. This author gave it a rating of 6.0, based on the history of gambling sites following a similar model. However, a reader informed us that there is much more evidence than simply anonymity that makes iDice a scam, and even provided a few pieces of proof....