Streemit to Ban The Dark Overlord Account

As reported, the mentioned hacker group intended to public secret documents related to 9/11
09 January 2019   1291

The social network on the blockchain Steemit has banned an account of a hacker group intending to make public documents with allegedly secret information about the events of September 11th. Reported by The Block.

The reason for the blocking was a violation of the terms of the user agreement. As the Motherboard notes, representatives of The Dark Overlord claim that they stole the relevant documents from various insurance and law firms, including Hiscox Syndicates, Lloyds of London and Silverstein Properties.

The source also reports that, based on the Steem technology, there are several other implementations of social networks, such as Busy.org and SteemPeak. The corresponding post and The Dark Overlord account in these social networks are still present.

89% of ICO to be Unprofitable, Analyst Says

According to the director of research at The Block, IEO are starting to repeat ICO's trend
08 August 2019   342

Leading analyst of The Block, Larry Cermak, decided to analyze the profitability of ICO projects and found that at least 89% of them turned out to be unprofitable. Nevertheless, those that showed positive returns “win big.”

Cermak praised the development of the ICO market, which peaked in 2017. He noted that the median ICO return in US dollars is currently -87% and continues to fall.

In his opinion, the collapse of the ICO market is primarily due to the different interests of investors and project founders. Unlike venture financing, projects raised money mainly from retail investors with the product in its earliest stages. At the same time, investors could not claim the assets of ICO projects.

The data on the total collection of ICO projects for all time varies - ICOBench claims that 5600 startups raised $ 64.5 billion, but other resources provide completely different data - up to $ 14 billion.

Assessing the profitability of ICOs is even more difficult, since many projects have already ceased to exist or their tokens are illiquid.

The largest aggregate fees were recorded in December 2017 - January 2018. At that time, a record number of tokensales was held.

The average amount attracted during one initial proposal according to a sample of 444 projects at Drops ICO is $ 36.2 million, the median - $ 18 million. In general, they raised about $ 14 billion, Cermak notes.

At the same time, only 10.8% of all ICOs still show a positive return, based on available data.

More than 74% of ICOs lost more than 90% in relation to bitcoin. Only 30 projects (7.7%) managed to surpass the first cryptocurrency. The top five ICOs in terms of growth in bitcoin included Binance Coin (5902%), IOTA (1744%), Ethereum (1339%), Lambda (962%) and ChainLink (668%).

In terms of the US dollar, the most profitable were Ethereum, IOTA, Binance Coin, NEO and Stellar.

In total, 11 projects demonstrated returns above 1000% paired with USD.