ICO Mania Cools Amid Regulatory Crackdown, Crypto Plunge

By Tom Zanki (November 29, 2018, 7:34 PM EST) -- The U.S. Securities and Exchange Commission's increase in enforcement actions combined with a bear market in cryptocurrencies appear to be restraining enthusiasm for initial coin offerings, a nascent form of fundraising that has cooled in recent months after a frenzied run-up last year.

ICOs, whereby blockchain-based startups raise capital to support their ventures by selling digital tokens to purchasers, have steadily posted declines for several months both in terms of the number of transactions and funds raised, according to several sites that track such activity.

Coinschedule.com showed Thursday that less than $400 million has been raised from ICOs in November, which...

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