Bancor Raised $153 Million and Found Actual Users. Why Did Its Price Tank?

The cryptocurrency industry is still grappling with the legal implications of the initial coin offering (ICO) trend of 2017. Two years after the token boom, the value of Bancor’s BNT token is in the dumps – sinking from $4.49 in July 2017 to an all-time low last week of $0.44, according to CoinMarketCap. Yet, the project’s main investors are still holding. For example, Yoni Assia, CEO of the crypto exchange eToro, described the $153 million Bancor ICO as a “pivotal” moment for the industry and told CoinDesk he is holding BNT…

African Country Turns to Blockchain to Stem Deadly Fake Drug Epidemic

Uganda, an African country where thousands are dying each year due to counterfeit medicine, wants to put an end to its fake drugs epidemic by utilizing the blockchain. Putting an End to a Deadly Disease Fake drug counterfeiters cause as many as 158,000 people to die in sub-Saharan Africa each year in a $200 billion worldwide market. They produce look-alike medicine that contains little-to-no active ingredients as well as harmful elements, WeeTracker reported. Africa is more exposed to the counterfeit drugs epidemic than other continents as it lacks the technical…

Millionaire That Called Bitcoin “Dead” Briefs Congress About Crypto

Erik Finman, a Bitcoin Millionaire, Speaks to Congress Reps Erik Finman, the crypto wunderkind that became a Bitcoin (BTC) millionaire at 18, has purportedly just briefed a group of Congressmen and Congresswomen about the cryptocurrency asset class. The weird thing is, in December, the cryptocurrency early adopter claimed that should Bitcoin not solve its scaling solutions and infights seen continually on Twitter, it is likely “dead” in the long run. He continued with Litecoin, claiming that the popular altcoin is experiencing its last minute of sunlight before it goes dark……