Cryptocurrency
Initial Coin Offerings Have Already Topped 2017’s Record Pace via @bloomberg
As reported by Bloomberg, “So much for the backlash against initial coin offerings. “Sales of digital tokens by technology companies this year have already surpassed the record amount raised in all of 2017 even as government officials from China to the U.S. clamp down on offerings and incidents of fraud continue. Block.one, a Cayman Islands-based […]
As reported by Bloomberg, “So much for the backlash against initial coin offerings.
“Sales of digital tokens by technology companies this year have already surpassed the record amount raised in all of 2017 even as government officials from China to the U.S. clamp down on offerings and incidents of fraud continue. Block.one, a Cayman Islands-based startup that’s behind the EOS token, is on track to raise about $4 billion in an almost year-long offering expected to close Friday, which would make it the largest ever fundraiser of its kind.
“Even before Block.one, initial coin offerings have raised more than $9 billion this year, compared with less than $4 billion in all of 2017, according to ICO data tracker CoinSchedule. Messaging service Telegram raised $1.7 billion.”