Cryptocurrency dead coins
Approximately 1, different cryptocurrency-related projects failed in , according to data from DeadCoins and Coinopsy. Some of them were relatively well-known bear market victims. Many of the dead crypto projects were outright scams which were orchestrated under the guise of initial coin offerings ICOs. Deadcoins, which has compiled one of the most comprehensive information sources on inactive cryptos, revealed there are at least digital currencies that are now dead. In July , DeadCoins reported about abandoned crypto tokens. Meanwhile, Coinopsy has found digital currency projects that are no longer active.
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- Why I will never buy Bitcoin (or any other cryptocurrency)
- Where's the money? $250M missing after CEO dies suddenly
- Cryptocurrency CEO dies holding passwords that protect $275m worth of coins and cash
- Crypto CEO dies holding the only passwords that can unlock millions in customer coins
- Meme coin Alien Shiba Inu rose 1344% in single week before slowing down
- 99Bitcoins Takes Over the Dead Coins Project to Become the Cryptocurrency Undertaker
- Cryptocurrency Exchange Says It Can't Access $190 Million After CEO Unexpectedly Died
- Buyers beware as "altcoin" frenzy bruises bitcoin
Why I will never buy Bitcoin (or any other cryptocurrency)
The conventional artist-driven fan club needed reinvention. Finally, after years of looking, we found a way to do that. Fans clubs have existed since the advent of popular music: The Grateful Dead pioneered and perfected it, then others monetized it. The Dead firmly believed fans should be in control and gave the community the reins — enabling Shakedown Street, setting up taper sections, mail-order tickets, and ticket exchanges. But since then, fan clubs have shifted away from having fans as the centerpiece.
Despite attempts by bands like Pearl Jam, Dave Matthews Band, and Phish to keep fans at the forefront, the modern fan club devolved from a community heartbeat to a revenue generator focused on membership fees.
While not necessarily formed under altruistic ideals, these clubs have morphed into something that is rarely for the fans. It is all a movement purely driven by profit. The Man have been adamant about avoiding a fan club for fear of taking advantage of our fanbase. Some years ago, we saw a post on Myspace from a young fan who had bought one of our albums in five different colorways. The kid did not have a ton of money, and we felt terrible knowing that he was a huge fan and felt the need to collect them all just because we had made them.
We provided him no real additional value — just another color. It was this moment that forever changed our perspective. These people were not here to be our ATM and that was not the type of relationship we wanted with them. We were at a crossroads. How do you serve the core of your existence and well-being but not take advantage of them? Ultimately, we took inspiration from the path that The Dead forged: We focused deeply on projects that could be fan-generated.
A few of our more meticulous supporters have been working on an archive of Portugal. Portugal have performed over 1, shows as a live band with no click, no tracks, no computers, so each show has its own unique vibe.
It is something that creates a special bond between artist and concertgoer. Two of our fans, Chris Haats and Josh Grant, asked permission to launch an audio archive, and it led to a conversation about how we could release this to our community.
We had our eye on blockchain and cryptocurrency for a while — we love the decentralized nature of crypto and the general punk vibe — but the timing never quite felt right. In the last year, crypto awareness has grown and the technology improved, making it accessible and understandable to the masses. We saw a unique opportunity to build a community that provides for the fanbase, is controlled by the fanbase, and is supported by the band. The cherry on top was that, by using our own currency, we could share ownership with the fanbase and allow them to hold the investment and value alongside the band.
No more milking your fans for that monthly payment. We would create the value together and we would all benefit. So last month we launched our own cryptocurrency, PTM Coin , in partnership with our fans and unknowingly became the first rock band to launch our own social token.
As a fan, you are part owner of the community and even earn rewards for participating. Those who hold at least 10 PTM Coin gain access to the audio archive and a rolling list of benefits and experiences including text and video chats, co-viewing experiences, access to new merch and more.
Just last week, the band showed up in our Discord channel and answered fan questions for more than 90 minutes. The best part is if someone decides they no longer like PTM, they just cash in their coin and get their money back. We did not do this on our own. We have been talking with Josh Katz at Yellowheart for a few years about the possibilities of blockchain, and he was able to connect us with Mahesh Vellanki and Kevin Chou at Rally. Community-driven itself, Rally is pioneering a next-generation virtual economy that empowered us to engage with our fans through cryptocurrency.
Our combined experiences were ultimately able to build the bones of what we believe is the future of fan clubs. With PTM Coin, we started by reaching out to a small handful of our closest supporters and gifting them the currency.
We also encouraged them to share it with friends — the people they see at our shows or even just chat with on the fan forums or on Reddit. We wanted the community to support, engage with each other and become excited about this launch and the experience they can receive with PTM Coin.
That is a positive feeling we want in our community and hope people will continue to embrace. We will eventually add opportunities for people to transact with the coin and eventually NFTs, but the core of what it will always be is the community and the archive which will always be controlled by the fans.
The response has been overwhelmingly positive, and our fans know we are forging a new path to engage with them. We know there is a learning curve with cryptocurrency, but we are confident that others will follow and it will shortly become second nature. We hope to see other bands take the same steps as us and put the focus back on the fans. Written by John Gourley, lead singer and rhythm guitarist of Portugal.
The Man, and Rich Holtzman, Portugal. The Man ager. Rolling Stone is a part of Penske Media Corporation. All Rights Reserved. The Man. Newswire Powered by. Close the menu.
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Where's the money? $250M missing after CEO dies suddenly
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Cryptocurrency CEO dies holding passwords that protect $275m worth of coins and cash
From outsider to insider, miniscule to massive: has cryptocurrency changed the world, or has the world changed cryptocurrency? As the best known cryptoexchange with the widest variety of altcoin markets in play Kraken offers trading on 56 coins, Coinbase supports 49, and Binance has and counting , this growth is not particularly surprising. We can use the Wayback Machine to take a snapshot of CoinMarketCap data over the years to reveal some pretty interesting conclusions. But it is the changing nature of all the crypto projects that swirl around in its orbit that tell us the most interesting things about how markets have developed and matured. The earliest date that CoinMarketCap. Remarkably most of these projects are still around today in one form or another, but only two of the top 10 still remain there: Bitcoin and Litecoin. All were highly experimental, open-source, maintained by volunteers, and developed or forked from the original Bitcoin codebase. They had varying degrees of utility. The main issue would be finding an exchange that still trades the coins and then sourcing a buyer. Perhaps they should be looking a little further down the market cap list for a risk-reward play.
Crypto CEO dies holding the only passwords that can unlock millions in customer coins
According to data from Coinopsy. It became 1, Around February last year, the total number of dead coins exceeded 1, The term dead coin is attached to a cipher that no longer exists for multiple reasons.
Meme coin Alien Shiba Inu rose 1344% in single week before slowing down
Bitcoin was up 2. Ethereum also found some support but peers Cardano and XRP continued to languish. The falls have mirrored a volatile ride on stock markets with fears over the health of the global economy prompting wide-spread sell-offs. And now is the perfect time to buy cryptos thanks to the bargain prices, which Aslam claims are likely to rebound. Ethereum, the second largest coin by market cap, was down 0. Cardano, XRP and Dogecoin were all down - 1.
99Bitcoins Takes Over the Dead Coins Project to Become the Cryptocurrency Undertaker
Eth merge twitter. Opensea - Oxxyy. The second most dominant crypto achieved 89x the fee revenue of Bitcoin in the last week. Ethereum merge and beyond: analyst reveals what she will be watching for. The official page for Ethereum 2. In late we saw EIP implemented which started the path towards deflationary ETH with the burning of gas fees.
Cryptocurrency Exchange Says It Can't Access $190 Million After CEO Unexpectedly Died
Shiba Inu has now achieved the status of being the second largest meme cryptocurrency in terms of market cap and has been gaining adoption in recent months thanks to high profile endorsements from celebrity fans such as Eon Musk. Sitting just behind Dogecoin in the global market, Shiba Inu is a dog-themed meme cryptocurrency that is hosted on the Ethereum blockchain. According to the latest data obtained from WhaleStats, the total number of wallets holding Shiba Inu tokens now stand at 1,, Shiba Inu would need the support of the broader cryptocurrency market to enable it to come out of its ongoing bearish trend.
Buyers beware as "altcoin" frenzy bruises bitcoin
Bill Chappell. QuadrigaCX says it can't reach millions of dollars' worth of bitcoin and other cryptocurrency after its CEO died during a December trip to India. The CEO's laptop is encrypted, the company says. Cotten was "the sole officer and director" of the Canadian cryptocurrency exchange when he died, said his widow, Jennifer Robertson, in an affidavit that is part of the company's request for court assistance as it seeks protection from its creditors. The debt filing comes weeks after Robertson announced that Cotten had died — an event she described as "a shock to all of us. Robertson, who is executor of Cotten's estate, also announced that Quadriga has put new limits on daily withdrawals, trying to keep pace with demand and resolve transaction problems that lingered through much of last year.
The price has been on the slide since hitting a small surge in September. This is despite its increasing reputation as a preferred blockchain platforms for the development of smart contracts and dApps. Renamed from AntShares in June , Neo is now an established coin despite the volatile nature of its pricing. The project offers a smart contract framework called NeoContract to facilitate different blockchain use cases. They include various decentralised finance DeFi applications, for example, data exchange marketplaces and investment management tools, and new processes for interacting with decentralised exchanges DEXs. Neo developers have moved from the traditional proof-of-work and proof-of-stake validation algorithms, and transferred to a Byzantine fault tolerance algorithm.