A UK man created Idiot Coin to study the 'hype coin' craze. It took a few minutes and $300 to mint 21 million coins that hundreds of people were clamoring to buy.

In the world of hype coins, developers in the highly speculative end of the cryptocurrency market promise riches to potential investors with appealing-sounding assets that in reality have little intrinsic value or are outright scams. To explain and explore that world, a reporter for the New York …


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