PwC found that ICO volume reached new record highs in the first half of 2018.
Per the report, between January and May 2018 alone, ICO volume is already twice as much as it was during the entire year of 2017.
In comparison, in 2017 there were a total of 552 ICOs with a volume of just over $7.0 billion.
Also, the average size of an ICO has almost doubled from $12.8 million to over $25.5 million since last year. “
According to the ICO report, the U.S., Singapore, and Switzerland are now the three most important ICO hubs worldwide, largely due to progress in regulation.
The prolonged bear cryptocurrency market, coupled with reports of scams, has not dampened investors’ interest in initial coin offerings (ICOs) this year. Contrary to expectations, token sales volume for the first nine months of 2018 alone doubled compared with the total ICO volume last year.
Some exchange operators have found a new trick to artificially pump up their trade volume. They are directly rewarding users with their own issued tokens for generating transactions, something critics call a backdoor ICO ripe for manipulation.
Sygnum has expanded its off-exchange custody platform to include Deribit, the largest Bitcoin and Ethereum options trading platform. Zurich-based cryptocurrency bank Sygnum has expanded its off-exchange custody service by including Deribit to the list of supported crypto exchanges. In a…
Swiss National Bank (SNB) President, Martin Schlegel, rejected Bitcoin as a nation’s currency, claiming that the asset is too volatile. Schlegel, president of SNB since October 2024, prefers assets like gold or bonds because they can bring stability to a volatile market.
Swiss blockchain infrastructure provider Taurus has announced a new confidential token standard for institutions. Taurus, a Swiss digital asset infrastructure provider backed by Deutsche Bank and Credit Suisse, has introduced an open-source confidential token standard for debt and equity tokenization…
The Swiss stock exchange group SIX has introduced a Digital Collateral Service, allowing financial institutions to use crypto assets alongside traditional securities as collateral. The service aims to streamline collateral management by reducing operational complexity and enhancing risk management, according…
Coinbase rolled out the newest State of Crypto report. The study was conducted by Ipsos. It observes how crypto and blockchain technology are viewed in Argentina, Kenya, the Philippines, and Switzerland and how it impacts the lives of people in…
PostFinance, a Swiss state-owned bank, has announced the launch of crypto staking for its customers. On Jan. 16, PostFinance announced that it has expanded its crypto trading and custody solution to include staking.
Swiss crypto bank Sygnum has raised nearly $60 million in a strategic growth round as it plans further regional expansion. Digital asset Swiss bank Sygnum has raised $58 million in its Strategic Growth Round, pushing its value to over $1…