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Financial Times: What next for cryptocurrencies after bubble bursts?

Michel Rauchs, Research Assistant at the Cambridge Centre for Alternative Finance, comments on cryptocurrencies. According to the FT article there are hundreds of tokens called “initial coin offerings” created by entrepreneurs and this is an “attractive proposition for both early stage entrepreneurs and get rich quick schemers.” But Michel Rauchs says that a lot of these tokens “don’t power any useful application, and if they do there’s only a handful of users.” (subs)

Read the full article [ft.com]