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Initial Exchange Offerings (‘IEO’) appear to be the logical corollary to the notorious ICO (‘Initial Coin Offering’). Whilst fundamental differences between the two exist, the IEO nonetheless follows the same process as the ICO. As such, in order to understand IEOs, a basic understanding of the ICO is crucial.
In much the same way as an Initial Public Offering (‘IPO’), ICOs provide a quick and effective method of fundraising for blockchain and/or cryptocurrency projects. …
CNBC, the poster child for mainstream financial investing, and a media outlet that has been giving a good word for Bitcoin recently given the coin’s bullish performance, decided to take a shot at the cryptocurrency. CNBC charted Bitcoin’s price change and that of the $24 trillion stock market index and the S&P 500 since the close of May 31.
CNBC Fast Money tweeted,
“Bitcoin is underperforming the S&P 500 this month…wow”
After two incredibly bullish months in April and May, the king coin experienced a brief relapse, falling below the $8,000 mark and dropping down to $7,600. …