People are raising hundreds of millions selling digital coins online — it’s either the future of funding or a ‘bubble’
|07/08/2017||Posted by BusinessMediaguide.Com under General World News||
LONDON – Startups around the world are raising hundreds of millions of dollars by issuing new digital coins, a trend that has made people both excited and concerned.
Over half a billion dollars has been raised through so-called “Initial Coin Offerings” (ICOs) since the start of the year, according to Richard Kastelein, a partner at the Cryptoassets Design Group, a company that helps launch ICOs.
It’s an incredible amount considering that ICOs were unheard of just five years ago.