Digital Currency Sales Striking $13.7 Billion Inward Outset 5 Months Of 2018: Report

By comparing the issuance of catastrophe bonds as well as other Insurance Linked Securities totaled $8.5 billion through the halt of May. ($9.39B YTD) Thus sayeth the Artemis Deal Directory.

H5N1 quick hitting from Reuters, June 28:

Digital currency sales jumped to $13.7 billion inward the kickoff 5 months of the year, well-nigh double the total raised for the whole of 2017, according to a study released on Th past times PwC’s strategy as well as consulting sectionalisation Strategy& as well as Switzerland-based Crypto Valley Association.

Technology startups inward the blockchain infinite to a greater extent than or less the earth accept raised funds past times selling cryptocurrencies, or tokens straight to investors inward initial money offerings (ICOs), bypassing banks or venture majuscule firms equally intermediaries.

Blockchain, the applied scientific discipline that underpins bitcoin as well as other digital currencies, is a digital ledger that provides a secure means of making as well as recording transactions.

This year’s virtual currency sales from 537 money offerings topped end year’s full of $7.0 billion, as well as included mammoth offerings from Telegram, a messaging service founded past times Russia-born entrepreneurs Pavel as well as Nikolai Durov inward 2013, as well as Block.one’s EOS currency, the study said.

Telegram raised $1.7 billion without its tokens sold to the public. EOS, an infrastructure projection for decentralized applications, raised to a greater extent than than $4 billion inward a year-long token offering that started inward the optic of end year....MORE