29 Jun '17, 5pm

Mark Cuban, who just called bitcoin a bubble, says he plans to invest in another digital coin

Mark Cuban, who just called bitcoin a bubble, says he plans to invest in another digital coin

Bitcoin skeptic Mark Cuban is looking to take part in one of the hottest trends in the digital currency world right now: the initial coin offering. One of the companies Cuban is invested in, Unikrn, is planning its own offering, and digital currency news site CoinDesk said Thursday that the billionaire entrepreneur intends to participate . Cuban confirmed the report in an email to CNBC. "I want to learn more about them," he said. I "haven't signed the paperwork yet. But it's likely it will happen," he added. An initial coin offering is a fundraising process for blockchain-based projects that allows investors to own part of a project through a digital network token. Start-ups in the blockchain world often find this method of fundraising more attractive than venture capital funding for the speed and amount they can raise — on June 12 a project called Bancor raised the equiva...

Full article: http://www.cnbc.com/2017/06/29/mark-cuban-who-just-called...

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via @gadfly

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