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Initial coin offerings or ICO have gained much wider attention over the past couple of years. In 2017, the ICO funding market exploded with a whopping $1.2 billion with more than 94 ICOs. It is expected to reach $1 trillion valuations at the end of this year. However, most of the ICOs launching nowadays has failed […]
The penetration of the smartcontracts in fintech is predicted to be the next big step in shape-shifting the financial industry, making it more efficient and transparent. According to a study conducted by Accenture, blockchain as a technology will play an important role in the success of the financial sector in the near future. From the analysis of […]
According to the World Bank, the officially recorded remittances to developing countries during 2016 is $429 billion. This may come as a surprise to those who are unfamiliar with the multi-billion dollar market of remittance industry. Technically speaking, remittance is a peer-to-peer transaction among migrant workers to their families in the home country. These global […]
The buzz created by ICOs for past 2 years have caught the attention of almost every entrepreneur. Especially since in 2017 when it outperformed venture capital funding and became the number one method of funding blockchain organizations. The rapid growth in this particular sector has attracted a few fraudsters to come up with fake campaigns […]
There have been 852 ICOs in the first quarter of 2018 which has raised over $5B in funding. Due to this growth in the interest for ICOs, this sector has become crowded, making it harder for new ICO companies to catch the attraction of the investors and to build an active investor community. Projects which raise […]
The ICO market is growing rapidly and it’s a new avenue for startups to raise funds needed to launch their projects. Defining and communicating each facet of a token sale is very important for the successful funding as it mitigates risks and illustrates trust and transparency between founders and investors. One of the key aspects […]
Blockchain and ICOs have been going through an amazing phase over the last couple of years. Today, ICOs are one of the most sought-after ways for Blockchain startups to raise capital for their businesses. Until the first quarter of 2018, the total funds raised through ICOs sums to $6.3 billion, which is 118 percent of total […]
The worldwide e-commerce retail sales surpassed $2.2 trillion in 2017 and it is estimated to reach up to $4.5 trillion by 2021. Online businesses contained roughly 10% of the average worldwide retail deals in 2017 and over the next 3 years, it will increase by another 5.4%. Amazon and Alibaba are right now the world’s […]
According to the UK’s annual fraud indicator in 2017, it was found that the annual cost of fraud in the UK is £190 billion, equal to around £10,000 per family. A significant portion of this is accounted for frauds happening at different stages of a procurement process in different organizations. Procurement fraud is a malpractice where someone dishonestly gaining […]
Since it’s inception, Blockchain technology has made a big impact in the finance sector by the introduction of blockchain based cryptocurrencies. This decentralized and trustless system offers many benefits such as cutting out the middleman, reducing transaction fees for overseas payment etc. Over the past couple of years, Blockchain has made its penetration into a lot […]
Initial Coin Offerings (ICOs) has been the shining light for many fledgling companies out there, trying to get a foothold in the darkness that looms in a fiercely competitive space. If you are a fledgling company, you must have experienced such difficulties. ICOs could help you raise funds quickly, without the hassles of regulations and […]
Initial coin offerings or ICOs have opened a whole new dimension to how startups garner consumer interest and raise funds for realizing their projects. In most countries, ICOs are largely unregulated, allowing for greater flexibility for Blockchain-based companies to pitch their products or solutions to prospective investors. However, lack of regulations and growing skepticism among […]