A high-school dropout is making hundreds of thousands of dollars trading cryptocurrency derivatives

A 29-year-old high school drop out from the United Kingdom is hauling in hundreds of thousands of dollars trading risky cryptocurrency derivatives. Jay Smith believes a cryptocurrency crash is inevitable, but right now he’s the No. 1 trader of digital coins on online brokerage eToro, amassing thousands of followers who are copying his trades, according to Bloomberg’s Edward Robinson. Smith, who lives in a London suburb, makes speculative bets on the prices of cryptocurrencies like bitcoin…

"A high-school dropout is making hundreds of thousands of dollars trading cryptocurrency derivatives"

People are raising hundreds of millions selling digital coins online — it’s either the future of funding or a ‘bubble’

LONDON – Startups around the world are raising hundreds of millions of dollars by issuing new digital coins, a trend that has made people both excited and concerned. Over half a billion dollars has been raised through so-called “Initial Coin Offerings” (ICOs) since the start of the year, according to Richard Kastelein, a partner at the Cryptoassets Design Group, a company that helps launch ICOs. It’s an incredible amount considering that ICOs were unheard of…

"People are raising hundreds of millions selling digital coins online — it’s either the future of funding or a ‘bubble’"