The first winter came in 2014. Mt. Gox was an exchange handling 70% of global Bitcoin trading volume at the time. Approximately 850,000 BTC vanished in a hack, and market trust collapsed. New exchanges with internal controls and audit functions emerged, and trust began to recover. Ethereum also entered the world through an ICO, opening new possibilities for vision and fundraising methods. This ICO became the spark for the next bull market. When anyone could issue tokens and raise funds, the 2017 boom ignited. Projects raising tens of billions on a single whitepaper flooded in, but most had no substance. In 2018, ... (full story)