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Initial Coin Offerings Have Already Topped 2017's Record Pace

  • Block.one set to close sale that will raise about $4 billion
  • Fundraisers shifting focus to investors outside the U.S.
Crypto Currency Tokens As Billionaire Warren Buffett Said That Most Digital Coins Won’t Hold Their Value
Photographer: Chris Ratcliffe/Bloomberg
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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.