Cryptocurrencies
Crypto ICO Funding Dropped in September to Lowest in 17 Months
- Autonomous Research says less than $300 million was raised
- Monthly ICO activity is down 90 percent since January peak
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The initial coin offering boom is slowing to a whimper.
Startups raised less than $300 million in September, the smallest amount since May 2017, according to data complied by Autonomous Research. That’s down 90 percent from the peak amount of about $3 billion accumulated through digital-token sales in January.