5 min
FOMO Daily, 31st October 2018 FOMO - Crypto News Digest
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- Business
You know what’s scary? That the ultimate shitcoin is coming from a government. Yesterday, Venezuela finally started selling Petro, the government coin backed by oil reserves. You know you’ve peak stupidity when the world’s most dysfunctional government tries selling you an overpriced Dash fork, which you can buy with Bitcoin, Litecoin, US Dollar, Euros or Renminbi, but strangely enough, not with Venezuelan Bolivares. Don’t fall for it, guys.
Coindesk announced that they have raised $300M dollars in a Series E financing round led by Tiger Global, Y Combinator and Andreessen Horowitz. This brings the valuation of the company to $8B dollars, and the round is widely viewed as preparation for an IPO. A lot to unpack here. We dig deep into the numbers.
Devcon 4 is starting today in Prague, so expect to see a lot of Ethereum news in the next couple of days. Probably the biggest news of day zero was the reversible ICO announcement by Fabian Vogelsteller.
You know what’s scary? That the ultimate shitcoin is coming from a government. Yesterday, Venezuela finally started selling Petro, the government coin backed by oil reserves. You know you’ve peak stupidity when the world’s most dysfunctional government tries selling you an overpriced Dash fork, which you can buy with Bitcoin, Litecoin, US Dollar, Euros or Renminbi, but strangely enough, not with Venezuelan Bolivares. Don’t fall for it, guys.
Coindesk announced that they have raised $300M dollars in a Series E financing round led by Tiger Global, Y Combinator and Andreessen Horowitz. This brings the valuation of the company to $8B dollars, and the round is widely viewed as preparation for an IPO. A lot to unpack here. We dig deep into the numbers.
Devcon 4 is starting today in Prague, so expect to see a lot of Ethereum news in the next couple of days. Probably the biggest news of day zero was the reversible ICO announcement by Fabian Vogelsteller.
5 min