This ought to be a clear signal that the sector is booming, however the numbers are deceptive. According to a CNBC report, greater than 800 of these are primarily dead—that is, they're value less than a penny. Not to mention reports of rampant scams and fraud in the initial coin offering market, and different indicators of hassle for the sector. Moreover, for all their promise, cryptocurrencies nonetheless can't seem to break into the mainstream.

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