Initial Coin Offerings on Record Pace Even With Crackdown
- Token Report says ICOs likely to reach 500 in fourth quarter
- Fundraising method has taken in about $3.67 billion this year
Bitcoin: What’s Coming in the Year Ahead
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The boom in initial coin offerings is showing few signs of abating even as U.S. regulators crack down on fraudulent digital-token sales and issue new warnings about risks to investors.
With three weeks left in the fourth quarter, startups issuing tokens have already garnered $1.38 billion from investors, and are on pace to surpass the $1.74 billion raised in the third quarter, according to industry researcher Token Report.