Initial Coin Offerings Surpass $4 Billion Despite SEC Warnings
- Autonomous says core tech startups grab a quarter of funding
- SEC chairman warned investors of ICO risks on Monday
Dennis Gartman Sees Sign of a Top for Bitcoin
This article is for subscribers only.
Proceeds from initial coin offerings have topped $4 billion this year despite escalating warnings from U.S. officials of rising risks and fraud.
About a quarter of that investment went into startups developing core technology, such as new kinds of distributed ledgers, according data from Autonomous Research LLP. Companies focused on revolutionizing finance and on letting machines exchange information garnered large shares of the total as well.