Cryptocurrencies
Funding for ICOs Drops to the Lowest in 16 Months
- Autonomous Research says $326 million raised last month
- Coin offerings blamed by analysts for fueling Ether selloff
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Is the initial coin offering boom over?
Startups raised just $326 million in August, the smallest amount since May 2017, according to data complied by Autonomous Research. That compares with about $3 billion on average during the first three months of the year.