An initial coin offering is a hybrid between initial public offerings (IPOs) and crowdfunding. While IPOs have been around since the 17th century when the Dutch East India Company issued shares to the public to raise capital, the crowdfunding phenomenon…
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Someone exploited a code loophole on the Decentralized Anonymous Organization (DAO) and hijacked close to $50 million. It took an Ethereum hard fork to claim back the funds.
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As June 2016 got underway, there was a new attraction in the crypto space. And that was DAO (Decentralized Anonymous Organization). This entity had raised about $150 million from excited investors online. Everyone couldn’t wait to see it go live.…
Read moreApproved by Archax Ltd on 7th October 2023
