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The company’s cryptocurrency has also seen an incredible run-up in value, but investors may have gotten the wrong idea.
Unless some big problems with blockchain technologies are solved, the hype that defined 2017 could quickly evaporate.
The past year marked a turning point in the cryptocurrency market thanks to the rise of “initial coin offerings,” but more government crackdowns are probably on the horizon.
The controversial currency IOTA rests on a mathematical “tangle” that its creators say will make it much faster and more efficient to run.