Categories: ICO

Research: ICOs See Lowest Funding Level in 16 Months

Click here to view original web page at cointelegraph.com

Funding for Initial Coin Offerings (ICOs) has seen its hardest slump in 16 months, Bloomberg reported September 10. Analysis from Autonomous Research shows that in August, startups raised $326 million, which is the smallest amount since May 2017.

According to Autonomous Research, Ethereum (ETH) blockchain-based ICOs have been recognized as the spark for the ETH price surge in 2017. However, they are currently the purported reason for the currency’s price slide, as some projects cash out to cover expenses amid concerns over a bearish market.

The new analysis comes as legislators and regulators globally express concern regarding ICOs. Last week, Members of the European Parliament along with blockchain experts discussed possible regulations for ICOs. One member pointed to the “dramatic increase” of ICO volumes in 2018, despite the increasing number of reports on fraudulent ICO projects.

Peter Kerstens, chairman of the the European Commission's Taskforce on Fintech, said that the fact that ICO tokens are not “intermediated,” which means there is no third party between issuers and investors, is the main point of concern from a regulatory perspective.

A recent report from Belgian think tank Bruegel presented last week calls for unified E.U.-level legislation on cryptocurrencies, ICOs, and more scrutiny on how crypto is distributed to investors. Bruegel reportedly notes that the virtual nature of cryptocurrencies limits the development of regulations, while entities operating crypto trading platforms could face stricter disclosure rules, even a potential ban.

The Australian Securities and Investments Commission (ASIC) revealed plans to increase scrutiny of cryptocurrency exchanges and ICOs in its “Corporate Plan” published last week. Specifically, the agency plans to ensure any “threats of harm” from the nascent industry are mitigated as part of its regulatory remit.

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Kristy Leigh Minehan: Bitcoin SV is treating miners right

At the CoinGeek Toronto 2019 scaling conference , Kristy Leigh Minehan used her time on stage to tell everyone how… Read More

1 hour ago

#CryptoCorner: BTC Still Dominant Over Altcoins, EU Antitrust Regulators Probe Libra, Austrian Telecom Giant A1 Accepting Crypto Payments

(MENAFN - Investor Ideas) #CryptoCorner: BTC Still Dominant Over Altcoins, EU Antitrust Regulators Probe Libra, Austrian Telecom Giant A1 Accepting… Read More

1 hour ago

Mark Mobius Calls Bitcoin a “Psycho Currency”

Bitcoin has a habit of dividing people. Some are all for it, while others think it’s weird, evil, or a… Read More

1 hour ago

US, France, and Germany Dominate Bitcoin Nodes By Country

Among the many reasons that make Bitcoin unique, is that it’s designed to be a global currency accessed by anyone,… Read More

1 hour ago

Ukrainian Power Plant Officials Accused of Unauthorised Cryptocurrency Mining

SBU (Security Service of Ukraine) detectives have discovered a cryptocurrency mining operation at one of the nation’s nuclear power plants.… Read More

1 hour ago

Bears in Charge as Bitcoin Price at Risk of November 2018 Style Dump

Throughout much of 2018, support at $6,000 acted as the absolute Bitcoin price floor, with each time bears pushed the… Read More

1 hour ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More