'Rambunctious craziness' driving cryptocurrencies as investors ignore the warning signs

‘Rambunctious craziness’ driving cryptocurrencies as investors ignore the warning signs

The cryptocurrency market is currently worth almost $200 billion but some worry a flood of dubious coin offerings could do it serious harm. Exio Coin’s home page, while it existed, was light on details, but had a heavy sense of urgency. It featured a tagline (“The self-evolving cryptographic currency”), a vague claim (“World’s First Cryptocurrency to be Officially Endorsed by a Sovereign Nation”) and a link to a white paper. It also prominently featured a countdown clock, with large, boldface digits tracking the days, hours, minutes and seconds left until the reader would be able to purchase the cryptocurrency. […]

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