For those working towards creating a new token or cryptocurrency, there may be indeed a possibility when your project fails and you have to deal with the consequences of such a situation. We understand that the failure of a project can be a very tense situation and it is an unfortunate condition. But, it is essential that you keep it in your stride and now move towards a clean closure based on the knowledge that a surprisingly large number of cryptocurrency projects fail either due to technical issues or commercial considerations.

Keeping in mind the factor that now the project…


Blockchain games, specifically the play-to-earn concept, have been getting a lot of traction in the last year. Combining games (sometimes often only gamification of certain processes) and DeFi, the insertion of NFTs, BSC, and Polygon (and other L2 solutions) that have actually brought (almost) free interaction with blockchain — it seems that in recent months this market is advancing large steps and more people (and capital) are drawn into this type of entertainment.

What is P2E?

P2E or Play-to-earn is a growing, popular trend in the gaming industry. P2E games are blockchain-based platforms that pay gamers to play crypto-yielding games…


Commercial failure affects many business ventures, whether new or old. It affects companies of all shapes and sizes and across different industries. The cryptocurrency industry is governed by the same principles and crypto projects may fail. It is however essential not to get disheartened and instead look forward to a path of a clean closure from a failed venture so that you may move on to the next business. You can always come back with a new and better business plan which may then bring more success.

When a project fails, the immediate knee-jerk reaction is what frequently attracts the…


Cryptocurrencies have pervaded public imagination in more ways than ever before. While initially, it started with Bitcoins, there are over a thousand cryptocurrencies as of date with varying degrees of popularity. Cryptocurrencies or virtual currencies are digital modes of exchange created and used by private individuals or groups. Since most cryptocurrencies are not regulated by national governments, they are considered alternative currencies — media of financial exchange that exist outside the borders of the state monetary policy.

How is Cryptocurrency Taxed?

Cryptocurrencies are taxed in the same way as any other assets you own, like stocks or gold. If you…


Creating a new cryptocurrency or token involves substantial work over a long time by a dedicated team and every team involved with a blockchain project desires that its project is successful. Things may however not always go to plan and you may be required to plan to shut down your pet blockchain project.

There may be many reasons behind the need to shut down your project including technical problems, attacks by cyber criminals, lack of investor support, regulatory changes, and of course if there are unforeseen events such as a pandemic which makes working as a team impossible.

Deciding for…


For information, more than USD 1 Billion in assets is under management in cryptocurrency offshore hedge funds with more investors being attracted to the rapidly developing sector. With more established investors showing interest in cryptocurrency investments, the scope of investments and funds flowing into this sector is expected to grow further.

A hedge fund is nothing more than an investment company that invests its clients’ money in alternative investments to either beat the market or provide a hedge against unforeseen market changes. Hedge funds generally have similar legal structures, relatively comparable investment strategies, and charge about the same amount of…


Wyoming has become the first state to clarify the legal status of decentralized autonomous organizations (DAOs). Wyoming wants to position itself as the friendliest state for digital asset innovation, and their Select Committee on Blockchain, Financial Technology, and Digital Innovation Technology is certainly doing this with their DAO legislation.

What is DAO?

DAO or Decentralized Autonomous Organization can be described as an open-source blockchain protocol governed by a set of rules, created by its elected members, that automatically execute certain actions without the need for intermediaries.

A DAO helps to keep a network safe and optimized without the need for…


An IDO, or Initial DEX offering, is the latest way for crypto projects to sell their tokens to the public Last summer a decentralized blockchain/AI platform, announced that it will hold an Initial Dex Offering (IDO) on Binance DEX.

CardStarter is a decentralized accelerator and swapping platform, connecting early-stage Cardano innovators with their community of donors.“We provide $CARDS holders early access and guaranteed allocation to seed rounds, presales, and private sales of Cardano projects. By utilizing CardStarter, developers building on the Cardano Network will have an avenue to generate early support through the ERC20 network.”

How does it work?

By…


DMCC or Dubai Multi Commodities Center is a government entity established in 2002 to enhance commodity trade flows through Dubai. It is the world’s fastest-growing Free Zone. Providers who wish to offer crypto-assets within the UAE must be licensed by the Securities and Commodities Authority (SCA). As a part of that process, applicants must demonstrate strict compliance with UAE’s anti-money laundering and counter-terrorism financing laws, cybersecurity compliance standards, and data protection regulations.

Crypto License in UAE is becoming mainstream with more Free Zones allowing companies to indulge in Crypto trading, Crypto Asset handling, bitcoin trading, and related activities.

What are…


The rising DeFi sector has been decentralized exchanges (DEXes), upon which users can trade tokens 24/7 and in a non-custodial and permission-less fashion. DeFi or decentralized finance came as an idea to avoid control and the heavy hand of central banks by a group of crypto enthusiasts in 2017. They made an alternative solution to offer every financial service you need — savings, loans, trade, insurance, and others, all available through decentralized platforms and internet connection.

What is IDO?

An IDO, or initial DEX offering, is the latest way for crypto projects to sell their tokens to the public. Last…

Empire Global

Global Professional Consultancy Services Firm providing an array of specialized services to clients from all around the world. https://empireglobal.partners/

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store