Five things to know to run a successful Blockchain Startup

During the height of the crypto boom, everybody from Paris Hilton to the Venezuelan government seemed to be either setting up or promoting ICOs as token values skyrocketed. Even ICOs that were blatant jokes like the Useless Ethereum Token reportedly raised $200,000. Those days are over.     The crypto winter has given the blockchain sector the opportunity to step back, take stock, and mature. In this market, only blockchain firms with a solid business case and sound tokenomics will attract investment.           Here are 5…

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Hack the DAO: Blockchain Startup Daox to Announce a $100K Hacking Contest

  Daox, a blockchain startup that is developing a platform and ecosystem for ICOs based on the concept of a decentralized autonomous organization, has announced the $100k hacking contest to prove that their DAOs are safe.     According to the rules, participants should either find a way to completely freeze or steal the funds that reside on a DAO’s Ethereum smart contract. The first person to complete the objective would be unconditionally rewarded with a $100k prize in bitcoins and get an offer to join their team.   The…

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Circle buy Poloniex Crypto Exchange

As the value of cryptocurrencies continues to grow, so does the opportunity for business acquisitions. Circle, a peer-to-peer payments technology company using the blockchain, founded by Jeremy Allaire and Sean Neville in October 2013 have just announced the acquisition of Poloniex, a crypto exchange.       According to Reuters, Circle is “one of the leading players in the over-the-counter market for bitcoin trading, and is soon launching a retail-focused app for buying cryptocurrencies, Circle Invest.  One of the best-funded blockchain startups, its investors include Goldman Sachs Group Inc and…

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