The Price of Exchanges, Bitcoin's Bumps, A Dodgy Giza and Getting the Word Out

After a bumpy end to last week and turbulent weekend for Bitcoin as it dipped to sub $8500, BTC is climbing back into $10k territory again today. Suggested reasons for the dip are Mount Gox reportedly selling significant blocks of BTC to reimburse creditors of the failed exchange according to Coin Telegraph.

One of the world’s largest dictionaries Merriam-Webster have been busy updating their dictionary to include a few crypto terms – although not many at the time of writing – certainly a step in the right direction as far as mainstream adoption and education of cryptocurrencies in general.

Another ICO scam reported – According to CNBC, Giza has apparently vanished amid a cloud of uncertainty after its website had gone offline on Friday after holding an ICO earlier this year. Investigations are underway to ascertain where funds have gone and those responsible – more on the alleged Giza scam from CNBC here.

Exchange listings cost-shock – If you’re wondering why it takes so long for completed ICO’s to appear on exchanges in token form, chances are it could well be the cost of the exchange listing. Research carried out by Business Insider shows some exchanges are charging companies anywhere from $50,000 to $1 million to list tokens.

ICO schedule updates/changes:

Nexo have cancelled their pre and main sales citing oversubscription and increased institutional support – updates on their medium channel here

Token distribution:

Haaven  have announced the distribution of their tokens post sale – details on the distribution process and airdrop update on their medium channel here

New ICO’s listed on ICOformula

Created: Monday, March 12, 2018

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