KIEV. July 3. UNN. Over the last 18 months in the world there are many cryptocurrency projects, but more than 800 of them are now dead. The reason – a record drop of bitcoin, reports UNN with reference to information-analytical Department Tele Trade.

“The price of bitcoin fell by around 70% from the record level of about 20 thousand dollars last year,” said analysts, citing data from CoinDesk.

New digital tokens are created using a process known as the initial range of coins (ICO), told analysts.

“People usually buy at the ICO, because coins are cheap and can offer large profits in the future,” said experts, adding that it is due to the presence of numerous cheap deals in ICO there was a “Bang”.

“In 2017, the company has raised 3.8 billion dollars via ICO, but still in 2018, this number has already reached $ 11.9 billion. However, hundreds of these projects are now dead because they were a fraud, a joke or a product which did not materialize,” – said the analysts, referring to CoinSchedule.

It is also noted that you are familiar with the cryptocurrency, which fell into the category of “dead coins” on the website of Dead Coins. It lists all the “useless” digital tokens that are traded for less than 1 cent.

Meanwhile, Ukraine continues will be determined in the regulation of cryptocurrency market from the point of view of the legislation.

In the national Parliament registered several bills on the legalization of digital money, and recently it was decided to combine them into a single document.

The author of one of the bills about cryptocurrency is the MP from the RPL Serhiy Rybalka (last year he was fired from the post of Chairman of the Finance Committee BP). Document experts the Bitcoin Foundation called senseless and populist. But according to some media, the bill Fishing (No. 7183-1) and all is “written off” the Russian officials.