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The crypto-currencies that die before they have bloomed

The crypto-currencies that die before they have bloomed
Rory Cellan-Jones – BBC
It has been the biggest craze in investment of the last two years – the idea that creating your own crypto-currency through an Initial Coin Offering (ICO) is the route to riches.

Hackers steal $23.5 million from cryptocurrency exchange Bancor
Stan Schroeder – Mashable
Hackers attacked cryptocurrency exchange Bancor on Monday, compromising one of the company’s virtual wallets and stealing roughly $23.5 million worth of digital currencies.

London School Of Economics launches online certificate course about Cryptocurrency Investment and Disruption
CryptoCurrency Guide
RTT News reports that the London School of Economics or LSE introduced an online course on cryptocurrency, starting in August 2018. The prestigious educational institution aims to guide potential investors and businesses to make sense of, and accurately evaluate, cryptocurrencies and their uses.
In its announcement on the website, LSE said, “The exponential growth and volatility of cryptocurrencies and the distributed ledger technology underpinning them has led to a global interest in cryptoassets, ICOs and the distribution of digital wealth.”

India’s Cryptocurrency Banking Ban May Be a Bust
John McMahon – NewsBTC
After much waiting and speculation on the July 5 deadline, India may forgo banning investment in cryptocurrency after all.
The three-month time span from the Reserve Bank of India’s initial announcement that all RBI regulated entities must cease any crypto related activities, including both individuals and firms, was filled with speculation on how the authorities would handle such a ban. Today new information from a finance ministry panel assembled to study the issue indicates there may not be a blanket ban.

As bitcoin declines, Coinbase’s app is dropping in popularity
John Detrixhe – Quartz
The bear market for bitcoin and other virtual tokens has dragged down Coinbase, a digital-asset exchange and darling of the crypto-startup world. As prices plunge, the exchange’s download ranking has fallen to its lowest level among US finance apps since April last year. The drop reflects the fleeting fancy of retail traders that comprise most of the buying and selling in crypto markets.

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Bergstrom is chief information officer of John J. Lothian & Co. He edits MarketsWiki and JLN Options.