Introducing the new celebrity accessory: bitcoin-style cryptocurrencies

Wu-Tang Clan’s Ghostface Killah becomes latest public figure to gamble on initial coin offerings to generate serious money

Forget a Gucci handbag, massive sunglasses or a teacup Chihuahua – the must-have celebrity accessory for 2017 is a cryptocurrency endorsement deal.

So much money is floating around the sector that companies will pay almost anything to attract attention to their fundraising rounds – called “initial coin offerings”, in a legally questionable analogy to initial public offerings for tech startups.

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from The Guardian http://ift.tt/2gojKfZ