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Crypto Wars
Book

Crypto Wars

Faked Deaths, Missing Billions and Industry Disruption

Kogan Page, 2021
First Edition: 2021 more...


Editorial Rating

8

Qualities

  • Comprehensive
  • Background
  • Insider's Take

Recommendation

After Bitcoin’s advent, people conjured countless cryptocurrencies, which at their peak carried a value of more than $1 trillion. But scant regulation has led to scams and Ponzi schemes that have cost investors billions. Crypto expert Erica Stanford offers an enlightening look at some of these major frauds and scandals. Yet she’s not anti-crypto: Stanford believes blockchain and the cryptocurrencies it enables are transformative technologies that will live long after the scams and swindles, helping those otherwise excluded from the financial system.

Take-Aways

  • Cryptocurrency is an innovation that made huge gains for early investors – but it quickly became a “Wild West” of deception.
  • By 2019, people had lost billions of dollars to crypto “exit scams.”
  • OneCoin wasn’t a real cryptocurrency, and its mysterious founder vanished.

About the Author

Erica Stanford is the founder of the United Kingdom’s top-rated crypto networking and events organization, the Crypto Curry Club, and she is a guest lecturer on the subject of cryptocurrencies at Warwick Business School.