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Ernst and Young has found that initial coin offerings (ICOs) that raised capital in 2017 have done “little to inspire confidence” one year on. The report, which is dedicated to what EY dubs the “The Class of 2017,” revisits the same projects the firm first analyzed back in Dec. 2017; the sample comprises over 141 “top” ICOs, representing 87 percent of total ICO funding that year. One year later, EY’s statistics are stark: 86 percent of project tokens are reportedly currently trading below their listing price, with 30 percent having lost “substantially all value.” Overall, the report continues, “an investor purchasing a portfolio of The Class of 2017 ICOs on 1 January 2018 would most likely have lost 66% of their investment.” 71 percent of projects have “no offering in the market at all.” --------------------------------------------------------------------------------------------------------------- Nouriel Roubini is a New York-based economist that famously predicted the 2008 financial crisis when only a few considered there might be a threat to the existing course of events at the time. In a statement issued he said, I can see a bubble when there is one — and to me, this entire space has been the mother and the father of all financial bubbles and now it’s [going to] burst. One of the questions asked was- Why do you think Ethereum is a scam? It’s a scam because the technology. They talk about smart contracts — there's nothing about them that is smart, they’re all buggy. They’re not real contracts because you have to enforce certain contracts, you cannot have just the code. They've tried things that have failed: Their DAO was a failure. You know, there's a lot of people [who] talk about their DApps or their distributed apps. 75 percent of those apps are what? CryptoKitties, Ponzi schemes and other pyramid schemes, and other casino games, like Las Vegas. So, after a decade, what does Ethereum have to show us? CryptoKitties and Ponzi schemes? And that's what they're doing? They're not doing anything that is of any use to anybody. -------------------------------------------------------------------------------------------------------- Hello to our fav mike again!!. Investor and cryptocurrency bull Mike Novogratz has fine-tuned his Bitcoin price outlook, repeating to Bloomberg Monday, October 15, that it would not break $10,000 in 2018. The Galaxy Investment Partners creator, who is known for his optimism about Bitcoin’s future, had previously called a “bottom” in the market in mid-September. Now, he thinks more time is required for momentum to build to take prices higher, and the long-anticipated wave of institutional investors piling into the cryptocurrency space will only occur next year. “...I think Q1 [or] Q2 [2019] if the institutions start coming in, we’ll put in new highs,” he told the network. -------------------------------------------------------------------------------------------------------- The Bill and Melinda Gates Foundation is partnering with Ripple Labs Inc. and digital payments firm Coil to implement the Interledger Protocol. The Foundation itself has not made a formal announcement regarding the partnership. -------------------------------------------------------------------------------------------------------- A “technology enabler” startup known as Cyclebit is aiming to simplify things by enabling stores to serve as “cryptocurrency gateways” – enticing crypto enthusiasts to come and spend their coins with them and inject some new funds into the economy. Cyclebit is already working with businesses in Europe and South Korea. The crypto payment technology is being rolled out in Nostrum – a network of 130 coffee shops throughout Spain – which has just started accepting and selling Bitcoin. -------------------------------------------------------------------------------------------------------- Motivational quotes- Entrepreneurs must be willing to be misunderstood for long periods of time!!... Crypto currency lovers ... ##Bitcoin #Litecoin #Ethereum #EOS #Dash #Monero #Ripple #Verge #Bitcoin cash #VeChain #Tron #IOTA #NEM #ICON #Verge #Civic #Aeternity #Augur #Wax #Cardano #Kleros #Exodus #Electrum #IOTA #Trezor #Ledger #Hyperledger Fabric #Electroneum #Steemit #Bitcoin cash #Horizan state #Stellar #Substratum #ReviewNetwork #NEM #PowerLedger #TravelbyBit #Dash #HorizonState Wallets - #Exodus #Electrum #Trezor #Ledger Cryptobabble Founders... Jazz Sidana and Mark Barra (Jazz & Barra)