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Funding for ICOs Drops to the Lowest in 16 Months

  • Autonomous Research says $326 million raised last month
  • Coin offerings blamed by analysts for fueling Ether selloff
Bloomberg business news
Here's Why Bitcoin Might Be on the Way to $5K

Is the initial coin offering boom over?

Startups raised just $326 million in August, the smallest amount since May 2017, according to data complied by Autonomous Research. That compares with about $3 billion on average during the first three months of the year.