Tulip Fever: There’s a Digital Token for That, And So Much More
- Almost 200 initial coin offerings seen in next four months
- Tokens back causes ranging from adult movies to religion
Elevation's McNamee Says Bitcoin Is Probably in a Bubble
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Everyone from Paris Hilton to Floyd Mayweather seems to be making a foray into the world of digital currencies, and it’s getting pretty weird.
More than $2 billion has been raised this year through initial coin offerings -- a crowdfunding method that allows startups to make big bucks fast by selling digital tokens -- even with regulators from the U.S. to China trying to slow or halt the practice amid allegations of fraud and unbridled speculation.