The Intrepid Report Issue #21–20.02.2018

Dying ICOs, blockchain pretenders in hot water, bitcoin made simple, and more…

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Here’s what we’re covering in this week’s Intrepid Report: cases of extortion and robbery on the rise in the crypto space, US Congress continue calls for federal cryptocurrency rules, swiss regulator FINMA issues clear guidelines on ICO launches, and Telegram raises $850 million in its token pre-sale. We’re also covering a critique of Vitalik Buterin’s ‘Proof of Stake’ design, a comparison of the early internet days and where blockchain is today, and from The Blockchain Review we’ve got insights on the legal side of ICOs. All that, and more in this week’s Intrepid Report.

Bitcoin Thieves Threaten Real Violence for Virtual Currencies
The rich have always feared robbery and extortion. Now, big holders of Bitcoin and other cryptocurrencies have become alluring marks for criminals. While banks can stop or reverse large electronic transactions made under duress, there is no Bitcoin bank to halt or take back a transfer, making the chances of a successful armed holdup frighteningly enticing.
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Congress Sets Sights on Federal Cryptocurrency Rules
Jolted by the global investment craze over bitcoin and other cryptocurrencies, bipartisan momentum is growing in the Senate and House of Representatives for action to address the risks posed by virtual currencies to investors and the financial system.
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Swiss Regulator Gives Clear Guidelines for Launching ICOs
In an announcement, the Swiss regulator addressed plans to apply financial market legislation to different tokens as well as lay out how ICO organizers can get proper input from FINMA when planning or launching their initial coin offerings.
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Telegram Raises $850 Million for its Billion-Dollar ICO
It looks like Telegram’s billion-dollar ICO has reached its first milestone after the chat app company raised an initial $850 million, according to a filing. A document submitted to the SEC earlier this week states that the money was raised “for the development of the TON Blockchain, the development and maintenance of Telegram Messenger and the other purposes.”
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Law and legislation for ICOs
The fast pace with which the blockchain space has moved has made it very difficult for legislators to keep regulations relevant and up to date. But the absence of ICO-related regulations does not mean that blockchain startups and their ICOs are exempt from the law.
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How Does Blockchain Work?
Blockchain and cryptocurrency are all the rage. But what is a blockchain? And how does it actually work? While many claim to understand the technology, very few can break it down into simple terms. If you’re still struggling to understand blockchain technology, this is for you.
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A Critique of Vitalik Buterin’s “A Proof of Stake Design Philosophy”
In this article, one economist takes issue with several of the claims made by Vitalik Buterin in his Dec 2016 article “A Proof of Stake Design Philosophy”. This article will give you some insights into the debate about proof-of-stake’s high level design and about the proposed future of the Ethereum protocol.
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Comparing The Early Days of Internet vs Blockchain Today
Comparisons are often made between the internet and blockchain technology. There are many good lessons to be had from understanding the technological adoption of the internet. The key lesson? Focus on building solutions to real problems.
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How to Launch an ICO Webinar
We hosted our latest webinar on How to Launch an ICO last night. We gave an in-depth presentation on every key component you need to tackle to succeed with your ICO launch. Want access to the replay? Sign up below.
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