Report: ICOs Raised $118 Million in Q1 2019, Over 58 Times Less Than in Q1 2018 | | Cryptocurrency news. Breaking news on cryptocurrency.
About $118 million has been raised in ICOs in Q1 of 2019, over 58 times less than $6.9 billion, the amount raised in the same period the previous year. About $118 million has been raised via initial coin offerings (ICOs) in Q1 of 2019, over 58 times less than $6.9 billion, the amount raised during the same period in 2018, the Wall Street Journal (WSJ) reports on March 31.The report cites data provided by ICO analytics website TokenData. The WSJ argues that investors have been scared off by regulators' actions against non-compliant ICOs, as well as by the general bear market over the past year.One of the latest cases happened in February, when the United States Securities and Exchange Commission (SEC) charged crypto firm Gladius Network with selling unregistered securities after the company self-reported to the commission.Last month, founding partner of Future Perfect Ventures, Jalak Jobanputra, claimed that venture capital valuations have also been deeply affected by the cryptocurrency
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